Economy · Full coverage
Damari Reports Higher Apartment Sales in Q2 2026 Despite Project Setbacks
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Globes · 24 minutes ago
What happened
Damari saw a rise in apartment sales in Q2 2026, mainly due to the Ashkelon "Price for Residents" project, despite no sales in the key YAMA project at Sde Dov and other sites. Revenues increased slightly, but net profit declined due to higher costs and financing expenses. The company plans to distribute a 24 million shekel dividend from Q2 earnings.
- 01Damari sold 231 apartments in Q2 2026, up from 170 in Q1 2026, totaling 406 million shekels.
- 02Sales growth was driven by 89 apartments sold in Ashkelon's "Price for Residents" project.
- 03No sales occurred in the significant YAMA project at Sde Dov, with only 8% of its inventory sold.
- 04Gross profit dropped due to rising construction costs and project mix changes.
- 05Net profit fell to 63.8 million shekels amid higher financing expenses.
- 06Damari will distribute a 24 million shekel dividend from Q2 profits.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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