Renovated Two-Room Dimona Apartment Sells for NIS 500,000 With Tenant in Place
A two-room apartment on HaShita Street 45 in Dimona’s Shivat HaMinim neighborhood sold for NIS 500,000. The 34-square-meter ground-floor unit is in a three-story building from the 1970s, was thoroughly renovated about three years ago, and is currently rented for NIS 2,400 a month.
The asking price had been NIS 550,000, and the apartment was on the market for about two months. The seller was an investor who owned the property for about two and a half years, and the buyer was an investor who does not live in the city.
Zohar Tishler, co-owner of the Lv Ap brokerage and the seller’s representative, said interest was strong. “Many people came to see the apartment,” he said. Because it had a tenant, viewings were held on set days, and on one occasion ten prospective buyers came together. He said most of the interest came from investors seeking opportunities in Dimona.
Tishler said occupied, renovated apartments are easier to sell in the city, especially deals up to NIS 600,000. He added that demand for apartments with safe rooms has recently increased, while unrenovated units without tenants attract far less interest. He also noted that newer neighborhoods such as Shahar are mostly owner-occupied, leaving a shortage of rentals, with three-room apartments there sometimes renting for up to NIS 4,000. In older areas, renovated homes are also in short supply, while large employers, from Dead Sea hotels to construction companies, rent many apartments for workers, reducing the free supply.
