Tel Aviv Penthouse Lists for Record $23,000 Monthly Rent
Translated & summarized from Ice by baba
A penthouse in Tel Aviv is being offered for rent at 85,000 shekels per month, featuring a private rooftop pool and sea views. Developed by Zemeret Netahet Group, the building is designed for long-term rentals, with most units already leased. This listing highlights the rising rental prices for luxury properties in Tel Aviv, contrasting with a slowdown in overall housing prices.
The story in 5 lines · by baba
- A Tel Aviv penthouse is listed for rent at 85,000 shekels monthly.
- The luxury unit features a private rooftop pool and open sea views.
- Most apartments in the boutique building were leased before occupancy.
- Rental prices for luxury apartments in Tel Aviv continue to rise.
- The developer emphasized long-term living in the building's design.
A luxury penthouse in Tel Aviv, featuring a private rooftop pool and sea views, is set to be marketed for a monthly rent of 85,000 shekels (approximately $23,000 USD). The property is located in a new boutique building on the city's promenade, near the US Embassy. The penthouse spans 205 square meters with a 100-square-meter balcony, plus an additional terrace with a pool on a higher level. The building, developed by Zemeret Netahet Group, comprises only six floors, with most units already leased before occupancy.
The developer, Zemeret Netahet Group, intentionally designed the building for long-term rental, engaging top Israeli professionals. "When we initiate a building that remains in our ownership and is intended for rent, we think from the planning stage about living in it for years," stated Yosef Cohen, CEO of Zemeret Netahet Group. He added that the high pre-occupancy lease rate reflects confidence in the project and its offerings, emphasizing the prime beachfront location and boutique nature of the building.
This rental listing comes amid a trend of rising rental prices for luxury apartments in high-demand Tel Aviv areas, even as housing prices experience a slowdown. The market has recently seen significant sales of other high-end penthouses, including one for 23 million shekels and another for 55 million shekels, indicating strong demand for premium properties.
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