Israel’s most expensive home is sold
Sold, for NIS 110 million (£17m) — a duplex penthouse in Tel Aviv. The 1,100sq m apartment is believed to be the most expensive ever sold in Israel. It was snapped up by a Russian Jewish oligarch. Quelle surprise. The penthouse, which is being developed by Electra Real Estate Ltd and Oranim Projects, is located on the seafront near the Dolphinarium between Herbert Samuel and Hayarkon streets. It is part of an apartment block that has been under construction since 2006, scheduled to be completed in 2011.