Ramat Givat Ze’ev

The unique project in Givat Ze’ev, led by Meny Group, is a high-density construction project considered one of the leading and luxurious projects to be built in the Greater Jerusalem area.

High-density construction is construction aimed at maximizing the utilization of land reserves, in contrast to other real estate projects that promote the construction of single-family homes and private homes. This method of construction is intended to meet the existing need in quite a few areas in Israel, where land reserves are limited, in contrast to the great demand for apartments from young couples, certainly in a community like Givat Ze’ev, where most of the residents are from the ultra-Orthodox and national-religious public.

The land sold in the project is in advanced rezoning proceedings intended for shortening the time rezoning usually takes, and it is now being sold at a price significantly lower than its future value, when it will be rezoned for construction. Real estate experts in the Jerusalem area predict that these lands will benefit from a substantial price increase of hundreds of percent in the coming years.

Alongside the fact that this is a project that is supposed to yield buyers a broad and significant return in the future, buyers enjoy a number of additional advantages that are important to know, with the main point being the constant increase that exists in the locality in the value of real estate, which has increased in the past five years in apartments of 3-6 rooms (see attached data from the real estate website GOV).
Alongside the fact that the community has a constant increase in the value of apartments, Givat Ze’ev is a community in which residents enjoy a wide range of services, including, as of 2018, according to GOV real estate data, 24 public institutions, 18 community frameworks and 19 religious institutions, including synagogues, beit midrash and mikvehs.

The project itself allows the buyers to enjoy payment of purchase tax on the land only, without additional payment on the other components, avoiding payment of betterment levy which constitutes a government tax on profits from land (also from rezoning) of no less than 50% of the expected profit. Another big benefit is the execution of a significantly shortened rezoning process led by the local committee and the Supreme Committee and without a district committee as exists in most different places in the country that directly affects the time it takes to complete the rezoning. High-Standard construction specifications, with professional guidance from Dvir-Yehiam Architects.