Apartment prices in Bavli currently range between ₪60,000 to ₪95,000 per square meter. Despite the challenges posed by recent global events, the neighborhood has retained its status as a top-tier location, with property values remaining robust. The real estate market in Bavli is characterized by limited transactions but consistently high prices, reflecting the area’s ongoing appeal to discerning buyers.
In recent years, Bavli has experienced a wave of new construction, driven by urban renewal projects and the development of luxury residences. Notably, areas that were once part of Givat Amal have been transformed into prestigious living spaces, contributing to the neighborhood’s allure. For instance, between April and July 2022, new apartments in one of these projects sold for an average of ₪59,000 to ₪63,000 per square meter. A standout transaction in November 2022 saw a four-room, 102 square meter apartment on the sixth floor sold for a remarkable ₪7.65 million, equating to ₪75,000 per square meter.
Despite the outbreak of the “Operation Iron Swords” war, the neighborhood has maintained its high property values with only four apartment sales recorded since then.
Even today, there is a price difference between the older buildings and the new ones in the neighborhood, even if the older buildings have been renovated. Prices for new apartments in the newer buildings, which feature sea views, a pool, children’s rooms, an adjacent park, and meeting rooms built to the highest standards, start at ₪72,000 per square meter. I should mention that through our office, you can purchase several apartments in these luxury buildings at significant discounts.
Please contact me at +972507818814, Alin.
Prices per square meter in buildings that have undergone urban renewal are lower, ranging from ₪62,000 to ₪70,000 per square meter. However, these prices typically reflect smaller apartments of up to 70 square meters, which may not always include a secure room (Mamad) and lack the facilities found in luxury buildings.
Bavli continues to see high-value transactions,
In old buildings:
In new luxury sector buildings (the prices reflect new apartments in the new buildings, with sea views, a pool, children’s rooms, an adjacent park, and meeting rooms built to the highest standards):
These figures highlight the steady demand and premium pricing associated with this exclusive neighborhood.
Bavli offers diverse investment opportunities, in older apartments with the potential for urban renewal and in new projects (due to match higher rent).
The rental market in Bavli is divided between modern, newly developed apartments and older properties.
In most renovated apartments (3 bedrooms) rent range is from 8,000 – 10,500 nis. Investors can anticipate solid rental yields of around 1.5% to 2%, not including the renovation costs typically needed in these apartments in order to lease them again ( 60 – 70-year-old buildings).
The neighborhood’s proximity to key locations such as the park and Tel Aviv’s cultural hubs makes it an attractive option for both investors and residents seeking a blend of luxury and convenience.
Thus if we look at the lease of the apartments in new projects, (same 3 bedroom apartments but on double the sqm) the prices go up to 22,000 not furnished to 30 fully furnished apartments. the prices vary and can go higher or lower due to: sea view yes / no, apartment size, finishes, and so on. So, roughly speaking one can expect an annual yield from 2.1% – 2.9%.
Our company provides comprehensive property management services, including: property acquisition and full support throughout the purchasing process, property renovation, design, and furnishing for rental purposes, tenant screening, and ongoing property management. Properties that we design and rent achieve a 35-40% higher rental yield compared to the standard market rate for similarly purchased properties. Experience the difference our property management services can make. We specialize in transforming properties into high-yielding assets through strategic renovations, design, and targeted tenant placement. Achieve up to 40% higher rental income. Let’s discuss your investment goals.
Contact num: +972507818814, Alin.
Bavli is a neighborhood that beautifully balances the charm of old Tel Aviv with the vibrancy of modern urban living. Whether you are looking to invest in a promising property or find a luxurious home in one of Tel Aviv’s most coveted areas, Bavli offers unparalleled opportunities. With its ongoing development and sustained property values, now is the perfect time to explore what this exceptional neighborhood has to offer. Nestled in a prime location near Park HaYarkon and major thoroughfares, Bavli is undergoing significant urban renewal, blending modern luxury with classic charm and despite market fluctuations, Bavli remains a solid investment with its blend of old-world allure and contemporary developments. The area attracts both investors and residents, with rental yields around 1.5%-2.9%.
