French Investor Buys Tel Aviv Luxury Floors for Record Price
Translated & summarized from Cursorinfo by baba
A French IT entrepreneur has set a new record in Tel Aviv's luxury real estate market by purchasing two floors in the Daniel Tower for 119 million shekels. The deal, averaging over 145,000 shekels per square meter, reflects a significant price increase in the city's high-end property sector. The developer, Yossi Avrahami, is constructing the 24-story building which will combine residences with a boutique hotel, offering residents access to premium amenities. Construction began in early 2025 after the developer acquired the land in 2019.
The story in 5 lines · by baba
- A French IT entrepreneur bought two floors in Tel Aviv's Daniel Tower for a record 119 million shekels.
- The purchase price exceeded 145,000 shekels per square meter, setting a new benchmark for luxury real estate.
- The deal involved the 14th and 16th floors, with each floor valued at an average of 59.5 million shekels.
- The Daniel Tower, developed by Yossi Avrahami, will offer 57 residences and an 81-room boutique hotel.
- Prices in the building have seen a significant increase since spring 2026, according to appraiser Erez Cohen.
A French IT entrepreneur residing in Paris has purchased two full floors in the under-construction Daniel Tower in Tel Aviv for a record-breaking 119 million shekels. The deal, brokered by Yehuda Marchiano, involved the 14th and 16th floors, averaging 59.5 million shekels per floor. The apartments were acquired in a shell condition, with further millions expected for custom renovations. This transaction sets a new benchmark, with the price per square meter exceeding 145,000 shekels.
Other listings in the Daniel Tower indicate a similar high-value market, with a four-room apartment on the 15th floor listed for 32 million shekels, equating to approximately 173,000 shekels per square meter before accounting for terrace space. These figures highlight a significant price surge in Tel Aviv's luxury real estate segment. For comparison, in spring 2026, appraiser Erez Cohen recorded sales in the same building ranging from 90,000 to 120,000 shekels per square meter.
The 24-story Daniel Tower, developed by Yossi Avrahami and designed by Yashar Architects, will feature 57 private residences and an 81-room boutique hotel. Residents will have access to five-star hotel amenities, including a rooftop pool, spa, and concierge services, alongside a gym, pilates studio, private cinema, and work lounge.
The project is located in the Kerem HaTeimanim neighborhood, on Hayarkon Street. The developer acquired the land in summer 2019 for 250 million shekels. Following municipal approval of the updated project in August 2023, construction commenced in early 2025 after the demolition of old buildings. As part of the urban agreement, the developer will donate approximately 500 square meters of public space and eight parking spots to the city.
Mentioned
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Other 2
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
