New Boutique Building in Tel Aviv Offered for Rent at NIS 85,000 Monthly
Translated & summarized from Maariv by baba
A new boutique building in Tel Aviv, developed by Zemeret Nitzach Group, is offering its penthouse for NIS 85,000 monthly. Most units have already secured tenants before occupancy. This luxury rental market segment contrasts with national data showing over 85,000 unsold new apartments nationwide as of September 2026, with Tel Aviv having the largest share.
The story in 6 lines · by baba
- A new Tel Aviv boutique building offers its penthouse for NIS 85,000 monthly.
- Zemeret Nitzach Group retained ownership of all apartments for rental.
- Most rental agreements were signed before tenants moved in.
- The penthouse includes four bedrooms and a private rooftop with a pool.
- Nationwide, 85,080 new apartments remained unsold by September 2026.
- Tel Aviv District has the largest inventory of unsold new apartments.
A new boutique building developed by Zemeret Nitzach Group in Tel Aviv is being offered for rent, with the penthouse unit listed at NIS 85,000 per month. The developer has retained ownership of all apartments in the project, designating them for rental purposes. The building is nearing completion and occupancy, and according to the company, most rental agreements have already been signed before tenants move in.
The penthouse features four large bedrooms, a fully equipped kitchen, and two spacious balconies with open sea views. A private rooftop area exclusively for penthouse residents includes a swimming pool and outdoor seating and entertaining spaces.
The project was designed by Milbauer Architects, with interior design by Iris Rosenheimer, construction by Yaron Tivet, and project management and supervision by Avi Shamir. This high-end property represents a niche segment of the market. The fact that most units have pre-signed leases does not necessarily indicate a broad market recovery, as national data shows a high inventory of unsold new apartments.
As of the end of September 2026, there were approximately 85,080 unsold new apartments nationwide. Tel Aviv District holds the largest portion of this inventory, with around 26,500 unsold new apartments.
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