The Opportunity
In 2020, our team identified the Dakar Compound as a prime location for urban renewal. Leveraging our deep knowledge of market trends and national development plans, we sourced a selection of properties in the area at an average price of 16,000 NIS per sqm. At the time, the area was still under the radar, offering significant growth potential.
The Turning Point
Eighteen months later, renowned developer Almogim and esteemed architect Ilan Pivko initiated a transformative urban renewal project within the compound. The announcement of the project created immediate market interest, pushing property values up to 24,000 NIS per sqm within just three months.
The Outcome
The project’s final phase, with new apartments scheduled for delivery in 2027, will be priced starting at 33,000 NIS per sqm. This represents:
- 106.25% total return on investment in 7 years from the initial purchase price.
- 187.3% cash-on-cash return, achieved through strategic leverage where 50% of the initial investment was equity. The remaining 50% was financed through a bank loan at an average annual interest rate of 3.6%, enabling clients to optimize their capital deployment while enjoying exceptional returns.
