Tel Aviv's $34 Million Apartment

by Deidre Woollard (RSS feed)
Apr 3rd 2008 at 8:02AM

In Tel Aviv, Israel, the G Tower offers Tel Aviv's most expensive apartment, a flat priced at $34-million apartment. The Gindi Group, which developed the G Tower recently announced the selling price for the triplex flat which combines a former duplex and penthouse apartment on the 24th, 25th and 26th floors. The new apartment is located just under the triplex which was purchased by the holder of controlling interest for Bank Hapoalim, Shari Arison, for $13 million.

The tower has 31 floors with 40 apartments. Building amenities include a culture center with a library and bar, a fitness center, swimming pool, conference center, underground parking and tight security. The new apartment has 360 degree views of the city and measures 1,500 square meters (around 15,145 square feet) for a price of over $22,000 per square meter. According to an article on Haaretz.com some real estate agents in Tel Aviv think the price is way too high, especially since a $25 million penthouse in the Sea One Project on Hayarkon Street failed to sell.

Gallery: Tel Aviv's G Tower