The prestigious Shde Dov district, planned for northern Tel Aviv, is making progress with the recent announcement of land purchases by Y.H. Dimri. This project, located on the former site of Shde Dov Airport, plans the construction of 16,000 housing units for approximately 50,000 residents. In addition to residences, the planning includes parks, bike paths, and a section of the light rail green line.
The first approved projects include the Ashkelon district, with 4,850 housing units, and other plans underway for the central and northern parts of the district. Apartment prices range from 3.5 to 26 million shekels, depending on size and location. The project is expected to transform this area of Tel Aviv into a major residential and commercial neighborhood.
Tips for Buyers and Sellers:
- Buyers: Investing early in approved projects can offer long-term financial benefits.
- Sellers: Highlight the proximity of new infrastructure and parks to attract potential buyers.
Geopolitical Impact: The stability of these projects partly depends on the geopolitical situation, including municipal decisions and public investments.
