Hagag Group Sells Luxury Tel Aviv Penthouse for $15 Million
Translated & summarized from Ice by baba
Hagag Group sold a luxury penthouse in Tel Aviv's Infinity project for NIS 55,555,000 (approximately $15 million) to an American Jewish buyer. The deal is one of the most expensive in Israel recently and highlights the strength of the luxury real estate market, particularly with foreign investment. The 52-story Infinity Tower is nearing completion, with 80% of its units already sold.
The story in 5 lines · by baba
- Hagag Group sold a luxury Tel Aviv penthouse for NIS 55,555,000 (approx. $15 million).
- The buyer is an American Jew purchasing the property for personal residence.
- The penthouse is located in the 52-story Infinity Tower, nearing completion in early 2027.
- This sale is one of the most expensive real estate deals in Israel in recent years.
- Foreign buyers, particularly from Jewish communities abroad, are a significant force in the luxury market.
Hagag Group has finalized a significant deal in Tel Aviv, selling a luxury penthouse in its Infinity project for NIS 55,555,000 (approximately $15 million). The penthouse, located on the 51st and 52nd floors of the Infinity Tower on the corner of Ibn Gabirol and Jabotinsky streets, is one of two penthouses in the building. The sale price does not include finishing work to be completed by the buyer.
This transaction is among the most expensive real estate deals recorded in Israel in recent years. The buyer is an American Jew who purchased the property for personal residence. The apartment spans approximately 293 square meters of built space, with an additional 158 square meters of balconies, totaling around 372 square meters. This reflects a price of approximately NIS 150,000 per square meter. The penthouse offers panoramic views of the sea and the Gush Dan skyline.
The Infinity Tower, part of the Sumail complex, is a prominent 52-story residential project in central Tel Aviv, with construction expected to be completed in the first quarter of 2027. Electra is the construction contractor, and the project was designed by architect Prof. Moshe Tzur. The sale contributes to the project's high sales rate, with 221 out of 278 units sold as of August, representing about 80% of the project.
The deal was facilitated by Hagag Group's international department, established two years ago to target and market to international clients, particularly from Jewish communities abroad. Chen Dlimoni, Head of Marketing and Sales at Hagag Group, stated that the company recognized the growing influence of foreign buyers in the luxury market and developed a dedicated international division to cater to their needs. He emphasized the importance of understanding a client's desires to secure such high-value transactions.
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