Comprehensive Overview of the Nof Zion Residential Project in Jerusalem

1. Project Overview

Location & Views:
Nof Zion is situated in the southeastern corner of Jerusalem, adjacent to the Armon Ha-Natsiv (Governor’s) Promenade. Many units offer panoramic views of Jerusalem’s iconic Old City and the Temple Mount. Although the development is located within a predominantly Palestinian Arab neighborhood (Jabel Mukaber), it falls under Jerusalem’s municipal jurisdiction, providing access to full city services while offering a unique blend of modern living and historic ambiance.

Community Concept:
Marketed as a “strong Jerusalem community,” Nof Zion is designed to foster a close-knit, vibrant, and supportive environment. The project emphasizes a lifestyle that is both contemporary and deeply connected to Jerusalem’s rich history, culture, and traditions.

2. Development Details

Scale and Composition:
The development comprises 22 residential buildings totaling 360 apartments. In its first phase, 96 families are already residing in the community, with plans to add more units over time.

Apartment Options:
Units range from 3- to 5-room apartments, with options that include garden apartments featuring private outdoor spaces and units with large, sunlit balconies. Indicative pricing is as follows: Garden apartments (3 rooms) starting at approximately ₪2,290,000 and other apartments ranging from about ₪2,150,000 to ₪2,990,000, depending on size and features.

Amenities & Future Infrastructure:
The project will feature a neighborhood shopping center, public areas, a synagogue, and a mikveh. Future plans include the construction of two boutique hotels at the neighborhood’s entrance to enhance both resident lifestyle and tourism appeal. The design integrates modern construction with the preservation of Jerusalem’s iconic skyline.

Payment Options and Offers:
An attractive 20/80 payment plan allows buyers to pay only 20% upon signing, with the remaining 80% due closer to occupancy. Special discounts are offered for active-duty security forces, making home ownership in Jerusalem more accessible.

3. Developer Background

Kevin Bermeister:
An Australian-Jewish entrepreneur with a robust background in real estate and high-tech ventures. As one of the founding investors in Skype, he is well known for his philanthropic efforts and significant contributions to charity organizations.

Rami Levy:
A prominent Israeli businessman, Rami Levy is the owner of the Rami Levy Hashikma Marketing supermarket chain and is involved in telecommunications and the food service industry (through Cofix). In recent years, he has expanded into large-scale real estate and hotel development projects, aligning with his vision to transform Jerusalem into a global tourism hub as part of the “Jerusalem 5800” master plan.

Together, these developers bring substantial expertise and financial strength, aiming to blend modernity with Jerusalem’s timeless character.

4. Historical, Political, and Legal Context

Development History:
Construction began in the early 2000s with the first families moving in around 2009. There are plans to add 176 new housing units, potentially tripling the community’s size and making it one of the largest Jewish enclaves in an Arab neighborhood in East Jerusalem.

Political Considerations:
Located in the Palestinian Arab neighborhood of Jabel Mukaber, Nof Zion is in a politically sensitive area. While international bodies generally consider Israeli settlements in East Jerusalem illegal under international law, the Israeli government disputes this. Proponents view the project as a legitimate private venture meeting high housing demand, whereas critics see it as part of a broader strategy to alter the demographic and political landscape of East Jerusalem.

5. Location and Surrounding Infrastructure

Neighborhood Setting:
The development benefits from its proximity to the Armon Ha-Natsiv Promenade and its stunning views of the Old City and Temple Mount, offering an exceptional living experience. Although set in a predominantly Arab neighborhood, Nof Zion is fully integrated into Jerusalem’s municipal framework, ensuring access to high-quality public services and upcoming urban development projects. Future plans for additional infrastructure, including a commercial center and expanded public facilities, are expected to further enhance the neighborhood’s appeal and connectivity.

6. Practical Buying Considerations

Before purchasing in Nof Zion, potential buyers should consider the following:

  • Legal and Political Risk: Stay updated on evolving legal and political conditions in East Jerusalem and consult with legal experts specializing in property rights in contested areas.
  • Financial Terms: Understand the full cost structure, including maintenance fees and additional charges, despite the attractive 20/80 payment plan.
  • Community Profile: Evaluate whether the religious-national, close-knit community environment aligns with your lifestyle and long-term goals.
  • Investment Outlook: Consider both immediate benefits and the long-term potential for property value appreciation as infrastructure and community amenities expand.

7. How to Proceed

For more details or to arrange a viewing:

  • Contact the Sales Office: Located at 2 Chaim Reuven Koverski, Nof Zion, Jerusalem.
  • Telephone & Email: Call *8938 or 050-7100066, or send an inquiry via the provided email address.
  • Visit the Project Website: For the latest visuals, detailed floor plans, and up-to-date project information, visit https://nof-zion.co.il/en/.

Conclusion

Nof Zion offers a unique opportunity to own a modern home with expansive views of Jerusalem’s historical landmarks. With spacious, thoughtfully designed apartments, an attractive payment plan, and a vibrant community atmosphere, the development merges contemporary comfort with the timeless allure of Jerusalem. However, given its location in a politically sensitive area, prospective buyers should carefully weigh both the financial opportunities and the potential risks. Professional legal and financial advice is strongly recommended for a well-informed investment decision.

This comprehensive overview is intended to serve as a valuable resource for anyone considering a purchase in this distinctive Jerusalem development.

Sources: Project website (nof-zion.co.il/en), Wikipedia (Nof Zion – Wikipedia), Times of Israel article on expansion.

Share Post:

Recent Listings

Latest Projects

From Our Blog

Skip to content