Full coverage· Economy· Updated
French Investor Buys Tel Aviv Luxury Floors for Record Price
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.
2 newsrooms · 1 language · since
Plus
What happened
- 01A French IT entrepreneur bought two floors in Tel Aviv's Daniel Tower for a record 119 million shekels.
- 02The purchase price exceeded 145,000 shekels per square meter, setting a new benchmark for luxury real estate.
- 03The deal involved the 14th and 16th floors, with each floor valued at an average of 59.5 million shekels.
- 04The Daniel Tower, developed by Yossi Avrahami, will offer 57 residences and an 81-room boutique hotel.
- 05Prices in the building have seen a significant increase since spring 2026, according to appraiser Erez Cohen.
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 coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- ArabNone
- Other2
How it broke
See which of the 2 newsrooms broke it, and who waited
