New Developments in Eilat

34 listings found in Eilat

Eilat new projects — seaside towers on the Red Sea

Eilat (55,000 inhabitants) is Israel's only city on the Red Sea, a major tourist destination (3 million visitors per year) and free zone (0% VAT). The new construction market is doubly driven: by seasonal rental investment (Airbnb/hotel rentals), by growing local residential demand with tourism development. Projects focus on the seafront (Eilat Bay, Coral Beach) and in the north of the city (residential extension).

Buying new in Eilat presents unique tax advantages: free zone (no 17% VAT on most transactions), capital gains tax deductions, possibility to rent seasonally legally. Active developers (Azrieli, Electra, Aura, Leviev) mainly build 10-25 story towers oriented towards short-term rental investment or second homes.

Neighborhoods with the most active new projects

Eilat Bay (promenade, Royal Beach) — premium towers with Red Sea view, hotel services (pool, concierge). Prices: 45,000 to 70,000 ₪/m² for a new 3-4 room apartment.

Coral Beach (south) — projects near coral reefs, tourism-investment profile. Prices: 40,000 to 58,000 ₪/m².

Shahamon — northern residential extension, family apartments less touristic. Prices: 25,000 to 34,000 ₪/m².

Ganim — quiet residential neighborhood, recent projects at affordable prices. Prices: 22,000 to 30,000 ₪/m².

The new construction market in Eilat

For a new 3-4 room apartment in Eilat, expect from 1.1 million ₪ (Ganim) to 4 million ₪ (Royal Beach premium sea view). Short-term rental yield (Airbnb) can reach 7-10%, among the highest in Israel, but with marked seasonality and more management work. Eilat is accessible by plane (Ramon airport, 15 flights/day to Tel Aviv) and by route 90 (4h30 from Tel Aviv, 4h from Jerusalem).

For off-plan purchase and Eilat specificities, see our complete guide.

Beautiful apartment with terrace, in a new high-end building, high floor with exceptional sea view, spacious with high ceilings - Not to be missed!

Exclusive 6 Delivered 3 units

Apartment

Beautiful apartment with terrace, in a new high-end building, high floor with exceptional sea view, spacious with high ceilings - Not to be missed!

Eilat, Eilat

From 1,870,000 ₪

Up to 1,950,000 ₪

Available :

Apartment, 3 rooms, 80 m²

Apartment, 3 rooms, 59 m²

Apartment, 3 rooms, 78 m²

Open view Garden Beachfront

View units

Beautiful apartment with terrace, quiet, in a beautiful new building, investment, central, good location, quiet area, high floor with view, large, high standard, luxurious, close to the sea, not to be missed!, pleasant, well laid out, bright, spacious

Exclusive Delivered 5 units

Ground floor Apartment Recommandé

Beautiful apartment with terrace, quiet, in a beautiful new building, investment, central, good location, quiet area, high floor with view, large, high standard, luxurious, close to the sea, not to be missed!, pleasant, well laid out, bright, spacious

Eilat, Eilat

From 2,150,000 ₪

Up to 2,900,000 ₪

Available :

Ground floor, 5 rooms, 135 m²

Ground floor, 4 rooms, 121 m²

Apartment, 4 rooms, 121 m²

Apartment, 3 rooms, 95 m²

Open view Garden Beachfront Storage room

View units

With terrace, quiet, in a beautiful building, city center, sea-facing balcony, good location, quiet street, peaceful area, high floor with view, building permit, sea view, not to be missed!, pleasant, well-designed, bright, in a new building, new, spacious, beautiful

Exclusive 2029 3 units

Penthouse Ground floor Apartment Recommandé

With terrace, quiet, in a beautiful building, city center, sea-facing balcony, good location, quiet street, peaceful area, high floor with view, building permit, sea view, not to be missed!, pleasant, well-designed, bright, in a new building, new, spacious, beautiful

Eilat, Eilat

From 1,850,000 ₪

Up to 2,490,000 ₪

Available :

Penthouse, 4 rooms, 110 m²

Ground floor, 4 rooms, 80 m²

Apartment, 4 rooms, 110 m²

Open view Garden Beachfront

View units

Beautiful new apartment with terrace - City center - Sea view - High floor - Great location - Don't miss!

Exclusive Delivered

Apartment Recommandé

Beautiful new apartment with terrace - City center - Sea view - High floor - Great location - Don't miss!

Eilat, Eilat

1,950,000 ₪

$663,000 | €565,500

3 rooms

74 m²

Open view Garden

Contact

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.