You are inquiring about a project that is fundamentally reshaping Jerusalem’s skyline and its definition of urban living. Jerusalem Midtown is not just a residential complex; it is a statement. It’s a declaration that Jerusalem can be as modern, luxurious, and convenient as any global capital. The pricing reflects this ambition. An apartment here is not just a home; it is an investment in a new paradigm for the city, but it comes at a cost that places it among the most expensive real estate in Jerusalem.
What defines the value of an apartment in Jerusalem Midtown?
The price per square meter in this project is not based on traditional Jerusalem metrics. It is driven by a unique combination of factors that create a “Tel Aviv in Jerusalem” value proposition.
- Location & Convenience: The project is strategically located at the main entrance to the city, adjacent to the Machane Yehuda market, the central bus station, and the high-speed train to Tel Aviv. This offers an unprecedented level of connectivity.
- Modern Luxury: Unlike the city’s older, historic neighborhoods, Midtown offers brand-new construction with floor-to-ceiling windows, high-end finishes, 24/7 security, a swimming pool, a gym, and underground parking. These are amenities that are extremely rare in Jerusalem.
- The View: This is a crucial, non-negotiable value driver. The towers are among the tallest in the city, offering panoramic, protected views over the entire city, from the Knesset and Sacher Park to the Old City walls. The higher the floor, the more dramatic the view, and the higher the price.
What is the expected price range for a 120-150 sq m apartment?
Based on recent sales and the developer’s current listings, you need to be prepared for premium pricing. An apartment in the size range you specified (which would typically be a large 4-room or a 5-room layout) falls into the following brackets:
- 120 square meter apartment (4 rooms): On the mid-to-high floors (e.g., floors 15-25), with a good view, the price will be in the range of 7,500,000 to 9,000,000 NIS.
- 150 square meter apartment (5 rooms): For a larger unit in a similar high-floor location with a premium panoramic view, you should expect the price to start at 10,000,000 NIS and go upwards to 12,000,000 NIS or more, depending on the exact floor, layout, and line within the building.
It is important to understand that these are not standard apartments. These are luxury products. The buyers are a mix of wealthy Israelis, foreign residents, and investors who are willing to pay a premium for the project’s unique combination of location, modern amenities, and breathtaking views, which cannot be replicated elsewhere in the city.
Too Long; Didn’t Read
- The Jerusalem Midtown project offers a unique “Tel Aviv-style” luxury living experience with modern amenities that are rare in Jerusalem.
- Prices are at the absolute premium end of the Jerusalem market, driven by location, luxury, and panoramic views.
- A 120 sq m apartment with a good view on a high floor will cost between 7.5 million and 9 million NIS.
- A 150 sq m apartment with a premium view on a high floor will cost between 10 million and 12 million NIS, or more.
