Ramat Eliyahu in Rishon LeZion is a neighborhood on the brink of an incredible transformation, representing one of the most significant urban renewal opportunities in Israel today. Located in the western part of the city, this historic neighborhood is the focus of a massive “Pinui Binui” (evacuation and construction) project that will replace old housing with modern, high-quality residential towers, beautiful parks, and new community infrastructure. This ambitious redevelopment promises to create a vibrant, contemporary, and well-connected community. For investors and homebuyers with foresight, Ramat Eliyahu offers a unique chance to get in on the ground floor of a neighborhood’s rebirth. The future of Ramat Eliyahu is bright, with plans for improved transportation, new schools, and commercial centers, all just a short distance from the sea and central Israel’s main economic hubs.
According to Semerenko Group's registry, the median recorded apartment sale price in Ramat Eliyahu was ₪1,827,500 over Q4 2025 to Q3 2026 (50 deals recorded by the Israel Tax Authority, data to 2026-08-06). The Rishon LeZion city-wide median was ₪2,260,000 in Q2 2026 (434 deals). The tables below show the Ramat Eliyahu figure and the city-level figures; see Rishon LeZion for the whole city.
| Quarters covered | Deals (n) | Median price ₪ | Median price $ | Median price £ | Median price € |
|---|---|---|---|---|---|
| Q3 2026, Q2 2026, Q1 2026, Q4 2025 | 50 | ₪1,827,500 | $591,000 | £441,000 | €526,000 |
| Quarter | Deals (n) | Median price ₪ | Median price $ | Median price £ | Median price € | Median per sqm ₪ | Median per sq ft ₪ |
|---|---|---|---|---|---|---|---|
| Q3 2026 (partial quarter) | 151 | ₪2,430,000 | $786,000 | £587,000 | €700,000 | ₪24,915 | ₪2,315 |
| Q2 2026 | 434 | ₪2,260,000 | $731,000 | £546,000 | €651,000 | ₪25,364 | ₪2,356 |
| Q1 2026 | 579 | ₪2,098,000 | $679,000 | £507,000 | €604,000 | ₪23,375 | ₪2,172 |
| Q4 2025 | 444 | ₪2,250,000 | $728,000 | £543,000 | €648,000 | ₪23,933 | ₪2,223 |
| Month | Sale median ₪ | Sale $ | Sale £ | Sale € | Sale listings (n) | Rent median ₪ a month | Rent $ | Rent £ | Rent € | Rent listings (n) |
|---|---|---|---|---|---|---|---|---|---|---|
| October 2026 (month so far) | ₪2,375,000 | $768,000 | £573,000 | €684,000 | 51 | ₪4,800 | $1,550 | £1,160 | €1,380 | 1,411 |
| Size (sqm) | Size (sq ft) | Deals (n) | Median price ₪ | Median price $ |
|---|---|---|---|---|
| under 60 sqm | under 646 sq ft | 105 | ₪1,650,000 | $534,000 |
| 60-89 sqm | 646-958 sq ft | 571 | ₪1,830,000 | $592,000 |
| 90-119 sqm | 969-1,281 sq ft | 458 | ₪2,380,000 | $770,000 |
| 120-159 sqm | 1,292-1,711 sq ft | 371 | ₪3,325,000 | $1,080,000 |
| 160+ sqm | 1,722+ sq ft | 101 | ₪4,650,000 | $1,500,000 |
| Israeli rooms | Bedrooms | Listings (n) | Median rent ₪ a month | Rent $ | Rent £ | Rent € |
|---|---|---|---|---|---|---|
| 1-2 | 0-1 | 211 | ₪3,800 | $1,230 | £917 | €1,090 |
| 3 | 2 | 223 | ₪5,100 | $1,650 | £1,230 | €1,470 |
| 4 | 3 | 208 | ₪6,500 | $2,100 | £1,570 | €1,870 |
| 5+ | 4 or more | 142 | ₪8,400 | $2,720 | £2,030 | €2,420 |
Frequently asked questions
What is the median apartment price and price per square meter in Ramat Eliyahu?
In Ramat Eliyahu, the median recorded apartment sale price was ₪1,827,500 ($591,000) across 50 Israel Tax Authority recorded transactions over Q3 2026, Q2 2026, Q1 2026, Q4 2025. Across Rishon LeZion as a whole in Q2 2026, the median recorded apartment sale price was ₪2,260,000 ($731,000) and the median price per square meter was ₪25,364 per sqm (₪2,356 per sq ft) across 434 recorded deals.
What are current asking prices and monthly rents in Ramat Eliyahu?
On deduplicated public portal listings, the median asking sale price (city-wide figures for Rishon LeZion) in October 2026 (month so far) is ₪2,375,000 ($768,000) across 51 active portal listings, and the median monthly asking rent is ₪4,800 ($1,550) across 1,411 rental listings. By apartment size, median monthly asking rents are: 1-2 rooms (0-1 bedrooms): ₪3,800/month (n=211); 3 rooms (2 bedrooms): ₪5,100/month (n=223); 4 rooms (3 bedrooms): ₪6,500/month (n=208); 5+ rooms (4 or more bedrooms): ₪8,400/month (n=142).
How do recorded apartment prices vary by size in Rishon LeZion?
Over the last four quarters of Israel Tax Authority records in Rishon LeZion, median apartment sale prices by registered floor area are: under 60 sqm (under 646 sq ft): ₪1,650,000 ($534,000, n=105 deals); 60-89 sqm (646-958 sq ft): ₪1,830,000 ($592,000, n=571 deals); 90-119 sqm (969-1,281 sq ft): ₪2,380,000 ($770,000, n=458 deals); 120-159 sqm (1,292-1,711 sq ft): ₪3,325,000 ($1,080,000, n=371 deals); 160+ sqm (1,722+ sq ft): ₪4,650,000 ($1,500,000, n=101 deals).
How does Semerenko Group verify Ramat Eliyahu market data?
Recorded transaction prices come from official Israel Tax Authority filings (Nadlan / GovMap layer 16), asking prices come from deduplicated active listings on Israeli property portals, and foreign-currency figures use Bank of Israel representative exchange rates. Cells with fewer than 20 observations are suppressed. Data verified 2026-10-24.
Sources
- Bank of Israel representative exchange rates (EUR), data as of 2026-10-21
- Bank of Israel representative exchange rates (GBP), data as of 2026-10-21
- Bank of Israel representative exchange rates (USD), data as of 2026-10-21
- Israel Tax Authority recorded deals via GovMap layer 16, data as of 2026-09-02
- Active property listings (Yad2, Madlan and other public listing sites, duplicates removed), data as of 2026-10-24
Data compiled 2026-10-24 from cited sources · Editorial oversight: Chaim Semerenko · Methodology · Editorial policy · Corrections policy · Authors
Ramat Eliyahu, Rishon LeZion: Israel’s Largest Urban Renewal Project
Ramat Eliyahu is undergoing a revolutionary change, making it a key area of interest for real estate investors and forward-thinking homebuyers. The government-backed urban renewal plan is set to completely reshape the neighborhood.
Understanding the Ramat Eliyahu Transformation:
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Massive “Pinui Binui” Project: The core of the plan involves demolishing thousands of old apartment units in “railway” buildings (binyanei rakevet) and replacing them with approximately 5,000 new, modern apartments in high-rise towers.
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New Infrastructure: The project is not just about housing. It includes the development of new roads, public parks, schools, kindergartens, and commercial areas, creating a completely new and improved urban environment.
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Increased Property Value: For current homeowners, the project means swapping an old, small apartment for a brand new, larger one with a balcony, safe room (Mamad), and parking, leading to a massive increase in personal wealth. For new buyers, it presents an opportunity to purchase a modern apartment in a revitalized area at potentially competitive pre-sale prices.
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Strategic Location: Situated in West Rishon LeZion, the redeveloped neighborhood will have excellent access to the Ayalon Highway, the Moshe Dayan train station, and the city’s coastline.
Investment Potential:
The urban renewal of Ramat Eliyahu is a long-term project, but the potential for significant capital appreciation is immense. Key search terms for this area include:
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“Urban renewal Rishon LeZion”
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“Pinui Binui Ramat Eliyahu”
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“Real estate investment opportunities in Rishon LeZion”
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“New projects in West Rishon LeZion”
Ramat Eliyahu’s redevelopment is a landmark project in Israeli urban planning. Contact our specialists to learn more about the opportunities emerging from this exciting transformation.
Getting to Rishon LeZion and your property viewings
Arrange an airport transfer or private driver in Rishon LeZion through Semerenko Group and Nesia Tova. For several appointments, request transport between property viewings. The route, vehicle and price are confirmed before you book.
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