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Full coverage· Economy· Updated

Luxury Tel Aviv Tower Sells $50 Million in Apartments Before Official Launch

The ASSEMBLY TEL AVIV luxury project in Tel Aviv has secured deals worth about 180 million shekels ($50 million USD) before its official launch. Transactions include a full floor sold for 64 million shekels ($17.5 million USD) to international buyers.

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What happened

  1. 01ASSEMBLY TEL AVIV project sold apartments worth 180 million shekels before official launch.
  2. 02A full floor in the Tel Aviv luxury tower sold for 64 million shekels.
  3. 03Buyers include individuals from France, Monaco, Mexico, and an Israeli high-tech family.
  4. 04The 20-story tower is a joint venture with an investment exceeding 800 million shekels.
  5. 0560% of residential units were sold prior to official marketing, via personal connections.

The 20-story tower, a joint venture, has already sold 60% of its residential units through personal networks, with many buyers planning to live there.

Translated and summarized by baba from Maariv, the latest report. Read Maariv’s original

The coverage

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