New Developments in Ofakim

3 listings found

New projects Ofakim — residential extensions in the Negev

Ofakim (33,000 inhabitants) is experiencing a major urban transformation since 2015, with the massive arrival of new projects in the southern and eastern extensions (Neve Aharon, Mitzpe Ofakim) and the progressive modernization of the city center. The city benefits from a railway station (Beer Sheva-Ofakim-Ashkelon line, opened in 2018) which has boosted its attractiveness for young households and investors.

Active developers (Y.H. Dimri, Aura, Ashdar, Rotshtein) are building modern 10-15 story towers with all current standards. New construction prices are among the lowest in Israel, with exceptional rental yield (5-6%). The city attracts national and international investors seeking low entry ticket with strong capital gain potential.

Neighborhoods with the most active new projects

Neve Aharon — recent extension, new towers, family atmosphere. Price: 14,000 to 19,000 ₪/sqm for a new 4-room apartment.

Mitzpe Ofakim — new eastern extension, deliveries 2023-2027. Price: 13,000 to 18,000 ₪/sqm.

City center — occasional Tama 38 and Pinui-Binui. Price: 12,000 to 17,000 ₪/sqm.

Future southern extensions — areas under development for 2026-2030. Expected prices: 15,000 to 20,000 ₪/sqm.

The new construction market in Ofakim

For a new 4-room apartment in Ofakim, expect 650,000 ₪ to 1 million ₪. Price per sqm: 12,000 to 19,000 ₪. Among the most affordable cities in Israel for new construction. Rental yield 5-6%, among the best. The direct railway station to Tel Aviv (1h20) and Beer Sheva (15 min) supports rental demand from commuters and students.

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

2028 2 units

Apartment

With not missing!,Large,quality project

Afikei Hanahal, Ofakim

From 1,420,000 ₪

Up to 1,850,000 ₪

Available :

Apartment, 3 rooms, 82 m²

Apartment, 5 rooms, 125 m²

Open view Garden

View units

2028

Apartment

With not missing!,Large,quality project

Afikei Hanahal, Ofakim

1,420,000 ₪

$488,480 | €420,320

3 rooms

82 m²

Open view Garden

Contact

Questions fréquentes sur Ofakim

For a new 4-room apartment, 650,000 ₪ to 1 million ₪. Per sqm: 12,000 to 19,000 ₪. Among the most affordable cities in Israel. Excellent entry point for first-time buyers or investors seeking yield.

Three reasons: 1) very low acquisition price (650k-1M ₪ for a new 4-room apartment), 2) rental yield 5-6% gross, among the best in Israel, 3) railway station (opened 2018) to Tel Aviv and Beer Sheva supporting future appreciation. The city is developing rapidly with public investments.

Y.H. Dimri (very present), Aura, Ashdar, Rotshtein, Shikun u'Binui. Projects of 100 to 300 units in the Neve Aharon and Mitzpe Ofakim extensions. Continuous deliveries 2024-2030. Competition between developers maintains very competitive prices.

Yes since 2018. Railway station on the Beer Sheva-Ashkelon-Tel Aviv line. Beer Sheva in 15 min, Ashkelon in 30 min, Tel Aviv in 1h20. Direct Route 25. The station has transformed the city's attractiveness and created new real estate dynamics.

Local young families (helped by Mehir LaMishtaken programs), national investors seeking yield, some international buyers. Majority traditional religious profile (Sephardic). The municipality helps young households with purchase subsidies via Mehir LaMishtaken (reduced prices for first-time buyers).