Dona Dom will pay the Israel Land Authority NIS 71 million for a project that includes 300 apartments in a new neighborhood, Neot Peres, at the northern entrance to Ramla.
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200 of the apartments will be on long-term lease for 15 years, of which 50 will be rented at a discounted price and the rest at the market price. 100 apartments will be sold in the free market.
The amount the company will pay includes NIS 35 million for the price of the land, and NIS 36 million for development costs.
The apartments for rent will be in a 28-story building. In the new neighborhood, a total of 1,350 housing units will be built, combining employment and commercial areas amounting to 30,000 square meters.
In all the projects led by “Apartment for Rent”, the tenants enjoy stability and certainty regarding the long rental period and the rent. These are residential apartments in managed complexes.
The project that Donna Dom won joins another project of an apartment for rent in Ramla, which includes 320 housing units, built by the Praszkowski company. This is the third project that Donna Dom will establish as part of the “Apartment for Rent”; ) And a 132-unit project in Beit Shemesh.
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