New Developments in Raanana

Raanana (85,000 inhabitants) is one of Israel's most sought-after cities for new properties, thanks to its strong international community (Anglo-Saxons, French speakers), its high-tech park (Amdocs, NICE, Playtika, 25,000+ jobs) and exceptional quality of life. New construction is distributed between massive Tama 38 in historic neighborhoods, Pinui-Binui on central axes, and some southern extensions with new family projects.

Active developers (Aura, Electra, Azorim, Aldar, Rotshtein) develop high-end projects adapted to international clientele: premium materials, home automation, specifications in English, concierge services. Raanana has a municipality very attentive to urban planning quality (controlled density, preserved green spaces), which maintains pressure on supply. Deliveries 2024-2028.

Neighborhoods with the most active new projects

Kyriat Sharett — Anglo-French family neighborhood, intensive Tama 38. Prices: 38,000 to 48,000 ₪/m² for a new 4-room apartment.

Lev HaPark (center) — Pinui-Binui and Tama 38, close to shops. Prices: 40,000 to 52,000 ₪/m².

Neve Zemer — residential neighborhood, some projects and new villas. Prices: 45,000 to 60,000 ₪/m² for apartments, villas 6-15 million ₪.

Ofer Park and Neot Ganim — family neighborhoods with Tama 38 and occasional projects. Prices: 36,000 to 46,000 ₪/m².

The new property market in Raanana

For a new 4-room apartment in Raanana, expect 2.5 to 4 million ₪. New villas in Neve Zemer start at 6 million ₪ and can reach 15 million ₪. Per m²: 36,000 to 60,000 ₪. International demand structurally supports the high-end market. Investor rental yield: 3-4%, with strong demand from expatriates and tech executives.

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