Caesarea Launches New Neighborhood With Plots From 3.6 Million Shekels and First-Ever Apartments

The Caesarea Development Corporation is set to launch the marketing of 61 ground-level plots in the heart of Caesarea, near the Ralli Museum and Neighborhood 7, starting early next week. These plots, ranging from 200 to 400 square meters, are intended for self-construction. Nine plots allow for single villas, while 52 are designated for duplex homes, all permitting private pools. Despite a stagnant housing market, the corporation anticipates strong demand and will invite interested buyers to schedule meetings for plot purchases. Prices start at 3.6 million shekels, inclusive of development costs such as sidewalks, water, and electricity, with additional expenses for private architectural construction plans.

This project marks the first phase in developing a new neighborhood spanning 61 dunams, which will also include 80 apartments across ten five-story buildings designed by the Kika Baraz architectural firm. Until now, Caesarea has featured only luxury villas and apartment buildings in the isolated Naot Golf complex. However, a new 2021 master plan mandates a housing density of five units per dunam, prompting a shift toward mixed housing types combining ground-level homes and boutique apartment buildings. The apartment marketing phase is scheduled to begin in early 2027.

For the first time, the Caesarea Development Corporation will act as the developer for the apartment buildings, retaining all profits. The entire neighborhood area and Caesarea lands are managed by the corporation, the operational arm of the Edmond de Rothschild Foundation. Revenues from plot and residential building sales are expected to reach approximately 500 million shekels or more, with net profits, after taxes and levies, reinvested into the foundation's philanthropic activities.