New Developments in Kiryat gat

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New Kiryat Gat projects — recent towers near Intel

Kiryat Gat (60,000 inhabitants) has profoundly changed since the arrival of Intel's mega-factory (Fab 28 then Fab 38), which became Israel's largest industrial employer with 12,000+ employees. The city now attracts executives, engineers, young families and investors. The new development market has rapidly developed around the Carmei Gat neighborhood, with major Israeli developers (Y.H. Dimri, Aura, Shikun u'Binui) multiplying projects.

Buying new in Kiryat Gat presents two major advantages: prices among the lowest in Israel for modern construction, and high rental yield (5-6%) supported by Intel executives' demand. Projects integrate all current standards (mamad, parking, elevator, air conditioning). The direct train station to Tel Aviv (45 min) and Beer Sheva (30 min) is a major asset.

Neighborhoods with the most active new projects

Carmei Gat — new neighborhood east of the city, 10-20 floor towers, family atmosphere. Price: 18,000 to 24,000 ₪/sqm for a new 4-room apartment.

City center (Giv'at Washington) — Tama 38 and some Pinui-Binui. Price: 16,000 to 21,000 ₪/sqm.

Neve Israel — urban renewal, new projects. Price: 17,000 to 22,000 ₪/sqm.

Future extensions — areas being urbanized to meet Intel demand. Expected prices: 19,000 to 25,000 ₪/sqm.

The new development market in Kiryat Gat

For a new 4-room apartment in Kiryat Gat, expect 850,000 ₪ to 1.3 million ₪. Price per sqm: 16,000 to 24,000 ₪. Among the most accessible cities in Israel for new developments. Rental yield 5-6%, among the best in the country, thanks to Intel demand. Investors anticipate sustained appreciation over 5-10 years with Fab 38 expansion.

For off-plan purchases in Israel, see our complete guide.

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Questions fréquentes sur Kiryat gat

For a new 4-room apartment in Kiryat Gat, 850,000 ₪ to 1.3 million ₪. Per sqm: 16,000 to 24,000 ₪. Among the most affordable new developments in Israel. Carmei Gat (new neighborhood) is the most dynamic area. Excellent for rental investment with 5-6% gross yield.

Intel employs 12,000+ people there (Fab 28 + Fab 38), with planned expansion. Tech salaries create structural and sustainable rental demand. Direct train station to Tel Aviv (45 min). Very low acquisition prices. Rental yield 5-6%, one of the best in Israel. Expected capital gains 5-10% per year over 5-10 years.

Y.H. Dimri (very present in the south), Aura, Shikun u'Binui, Rotshtein, Ashdar. Projects of 150 to 400 units, mainly in Carmei Gat. Deliveries 2024-2028. Competition between developers keeps prices competitive despite growing demand.

Yes, direct train station to Tel Aviv (45 min) and Beer Sheva (30 min). Route 6 at 5 min. Route 35 to Ashkelon. A railway hub of the south-center. For executives who work in Tel Aviv but seek low prices, Kiryat Gat is a very relevant option.

Yes structurally: Intel plans to invest an additional $25 billion in Fab 38 by 2030. The industrial park is expanding. Other tech companies are following (StarkWare, Teva). Demand for quality housing for executives and engineers is set to grow sustainably. Risk: a global tech downturn could temporarily weaken demand.