US Buyer Acquires $15 Million Tel Aviv Penthouse
Translated & summarized from Mako by baba
Hagag Group sold a penthouse in Tel Aviv's Infinity Tower for 55.5 million shekels to an American Jewish buyer. The luxury property spans two floors and includes significant balcony space. While the sale price reflects 150,000 shekels per square meter, finishing costs are additional. The deal underscores continued demand for high-end real estate despite a market slowdown.
The story in 6 lines · by baba
- A penthouse in Tel Aviv's Infinity Tower sold for 55.5 million shekels.
- The buyer is an American Jew purchasing the property for residential use.
- The penthouse covers the 51st and 52nd floors, with 293 sqm interior and 158 sqm balconies.
- The sale price averages 150,000 shekels per square meter, excluding finishing costs.
- Hagag Group's international department facilitated the deal.
- Occupancy of the Infinity Tower is expected in Q1 2027.
Hagag Group has reported the sale of a luxury penthouse in Tel Aviv's Infinity Tower for 55.5 million shekels (approximately $15 million USD). The buyer is an American Jew who purchased the property for residential purposes.
The penthouse spans the 51st and 52nd floors of the tower, offering approximately 293 square meters of interior space and 158 square meters of balconies with views of the sea and the Gush Dan skyline. The sale price reflects about 150,000 shekels per square meter, but does not include finishing work, which the buyer will undertake.
The Infinity Tower, designed by architect Moshe Zur and built by Electra, is located in the Sumail complex at the intersection of Ibn Gabirol and Jabotinsky streets. It features 52 floors, 278 apartments, and amenities including a pool, spa, fitness center, and residents' bar. Occupancy is expected in the first quarter of 2027.
As of August, 80% of the tower's units, or 221 apartments, had been sold, with 57 remaining. Hagag Group's international department, established two years ago to attract overseas buyers, facilitated the transaction. Chen Dilmoni, Head of Marketing at Hagag Group, noted that foreign buyers are a significant force in the Israeli market and that their needs must be understood.
This deal highlights that even during a slowdown in the housing market, rare luxury properties in prime locations continue to command high prices.
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