New Developments in Eilat
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Questions fréquentes sur Eilat
For a new 3-4 room apartment in Eilat, 1.1 to 4 million ₪ depending on location. Per m²: 22,000 ₪ (residential Ganim) to 70,000 ₪ (Royal Beach premium sea view). The seafront towers are among the most expensive properties in Israel after Tel Aviv center and Herzliya Pituah.
Eilat is a free zone: no 17% VAT on most goods and services, income tax deductions, advantages on real estate capital gains. For foreign investors, conditions are even more attractive. Warning: legislation evolves, check with an Israeli tax lawyer before buying.
Yes, Eilat offers Airbnb/short-term rental yields among the highest in Israel (7-10% gross). But seasonality is strong: peak summer, Passover, Sukkot, Hanukkah. Low in January-February and October. More complex management (cleaning, reception, maintenance). Some owners outsource to specialized concierge services.
Relevant if you like the desert/Red Sea climate and plan 4-8 weeks of use per year. The rest of the year, you can rent seasonally to offset costs. The property generally appreciates in value long-term thanks to tourism pressure. But logistics: Eilat is far (4h30 from Tel Aviv), you need to plan for it.
Azrieli, Electra, Aura, Leviev, Ginger, Y.H. Dimri. All major Israeli groups are present with projects of 80 to 300 units. Deliveries 2024-2028. Construction quality is high (premium towers) to meet the international investment market and second homes.
