Apartments Over 501 Sqm For Rent represent one of the most exclusive and rare categories in the Israeli residential rental market. These properties are distinguished by their unusually large scale, often positioning them within the luxury and ultra-luxury segment. In this guide, you will learn about pricing, supply and demand, key neighborhoods, renter profiles, advantages, challenges, and practical considerations that define this unique property type.
Current Market Landscape
Price Analysis
Apartments Over 501 Sqm For Rent typically command premium rental prices due to their rarity and luxury status. Monthly rents often begin around ₪60,000 and can exceed ₪150,000, depending on location, building amenities, and finishes. The average rental price per square meter in this category ranges between ₪120–₪250, significantly above the national urban average. Recent years have seen steady upward pressure on rents in this segment, fueled by limited supply and a growing demand from high-net-worth individuals relocating to Israel.
Inventory and Demand
These oversized apartments are exceptionally rare, representing only a small fraction of the market. Most are penthouses, entire floors, or combined units in luxury towers. Demand is concentrated among affluent foreign residents, executives, and diplomatic families, meaning the tenant pool is narrow but highly motivated. As a result, vacancy rates are low despite the high price points.
Key Neighborhoods
- Tel Aviv – Rothschild Boulevard: Known for luxury towers offering expansive penthouses with panoramic city and sea views.
- Herzliya Pituach: A coastal neighborhood popular with diplomats and multinational executives, offering spacious residences with proximity to the beach.
- Jerusalem – Talbiya and Rehavia: Prestigious neighborhoods with historic charm and access to cultural institutions, often home to large apartments created from merged units.
- Ramat Aviv Gimel: A northern Tel Aviv district with exclusive residential towers attracting wealthy families seeking space and security.
- Netanya – Ir Yamim: Known for seafront high-rises with expansive floorplans, appealing to foreign buyers and renters.
Ideal Buyer/Renter Profile
The typical renter of Apartments Over 501 Sqm For Rent is a high-net-worth individual, often an international executive, diplomat, or successful entrepreneur. Their needs center around ample living space for family and staff, prestige, and access to amenities such as concierge services, private gyms, and secure parking. For some, these apartments function as a secondary residence while maintaining homes abroad, highlighting the importance of exclusivity and convenience over cost efficiency.
Advantages of Apartments Over 501 Sqm For Rent
- Unmatched living space, suitable for large families, staff accommodation, and entertainment purposes.
- Prestige and exclusivity, with many units located in landmark buildings or prime neighborhoods.
- High level of amenities, often including private elevators, rooftop terraces, pools, and advanced security systems.
Disadvantages and Challenges
- Extremely high rental prices, significantly above standard luxury apartments.
- Limited availability, making it difficult for renters to find multiple options for comparison.
- High ongoing costs, including elevated Arnona (municipal taxes) and building maintenance fees.
Practical Considerations
Beyond rent, tenants should be prepared for substantial additional costs. Arnona for Apartments Over 501 Sqm For Rent can easily reach several tens of thousands of shekels per year, depending on the municipality. Va’ad Bayit (building fees) are also considerably higher in luxury towers, often ranging between ₪5,000–₪15,000 per month due to 24/7 security, concierge, and shared facilities. From an investment perspective, rental yields in this category are relatively modest, typically between 2%–3%, as capital appreciation and prestige value are the primary drivers rather than income yield.
Market Comparisons
Compared to standard luxury apartments of 200–300 sqm, Apartments Over 501 Sqm For Rent are in a league of their own, appealing to a much narrower tenant base. While 4-bedroom units attract affluent families and 5-bedroom units target larger households, apartments exceeding 501 sqm cater almost exclusively to ultra-high-net-worth individuals. The rental premium reflects both the scarcity and symbolic status of such properties.
Frequently Asked Questions (FAQ)
Question: How common are Apartments Over 501 Sqm For Rent in Israel?
Answer: They are very rare, primarily concentrated in luxury towers in Tel Aviv, coastal cities, and select Jerusalem neighborhoods.
Question: What is the average monthly rent for these apartments?
Answer: Rents generally start around ₪60,000 per month and can exceed ₪150,000 for prime locations with exceptional amenities.
Question: Who typically rents these oversized apartments?
Answer: The primary tenants are high-net-worth individuals, diplomats, and foreign executives seeking prestige, space, and convenience.
Question: Are these properties good investment opportunities?
Answer: While they offer prestige and long-term appreciation potential, rental yields are relatively modest compared to smaller properties.
The Expert Take
Apartments Over 501 Sqm For Rent represent a rarefied segment of the Israeli rental market, combining exclusivity, prestige, and expansive living space. While costly and limited in supply, they remain highly sought after by affluent tenants for whom space and status outweigh price considerations. To discuss your specific needs, contact our real estate specialists for a personalized consultation.
