Photo: Channel 2
Mamilla project in Jerusalem
Photo: Channel 2

Jerusalem flat sold for record $9 million

European citizen pays record price for Jerusalem apartment in luxury project Mamilla

New York is not the only city to break real-estate records. Israeli real-estate company Alrov sold a flat for a record $9 million in the Mamilla housing project in Jerusalem.


The flat was sold for a European citizen whose identity has not been disclosed.


Alrov, owned by Israeli entrepreneur Alfred Akirov, sold 12 apartments in Mamilla this year.


The owner of the $9 million flat paid $25,000 per meter square.


Mamilla apartments seem to be beyond the financial limits of most Israelis, as all buyers are foreign. A third of Mamilla owners are European and two thirds are American.


Mamilla is the most prestigious housing project in the capital and includes a commercial area and a hotel. In 2008, when construction is completed, 38 additional luxury apartments will be built.


Alrov netted NIS10.6 million in profit from the sale of six apartments in Mamilla for NIS 56 million.


פרסום ראשון: 05.21.07, 08:50
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