Real estate in Park HaYam

Apartments and residential complexes

The Park HaYam market offers 3, 4 and 5-room apartments, large family layouts, mini penthouses and penthouses.

Among the known projects here are Eden Tower, YBOX Lighthouse, Electra, Sea Park and other modern towers. Depending on the project, residents get underground parking, lobbies, shared facilities, resident clubs and gyms.

The same room count does not mean the same level of property. Price depends on the specific project, floor area and layout, floor level, balcony size, number of parking spaces, orientation and above all the view.

Apartments with a sea view

In Park HaYam the sea view feeds directly into the price. A high-floor apartment with an open western view can cost far more than an identically sized one facing into the district.

So the thing to check is not the phrase «sea view» in a listing, but where exactly the sea is visible from, how open that view is, and what is permitted to be built on the plots in front of the building.

For expensive apartments, mini penthouses and penthouses this matters most: a future tower in front of the windows can change both the view and the value of the property.

Sea, parks and a new urban setting

The core combination here is modern housing next to the Mediterranean. The beaches and promenade of Bat Yam are close by, and a network of parks and public spaces is growing alongside the housing.

Park HaYam is gradually turning from a set of separate new projects into a complete residential district with its own amenities.

Transport and the link to Tel Aviv

The location suits people who live in Bat Yam and work in Tel Aviv or elsewhere in Gush Dan.

Nearby are the Bat Yam-Komemiyut railway station, the Red Line of the light rail and the exits to the main routes. Rishon LeZion is close as well, which makes the district attractive to buyers who need easy access to several cities in central Israel.

What to check when buying

Comparing the price per square metre alone is not enough here. What matters:

• the specific complex and developer
• floor area and layout
• floor level and orientation
• a direct or partial sea view
• balcony size
• number of parking spaces
• a storage unit
• monthly building fees, the vaad bayit
• the management company
• facilities within the complex
• existing and future construction around the building

In the modern towers of Park HaYam running costs vary considerably. It is worth understanding the real cost of ownership before the decision to buy, not after it.

Renting in the district

Park HaYam has created a distinct segment of modern rental housing in Bat Yam. Apartments in the new towers with a balcony, parking and a good floor are in particular demand.

A category of its own is apartments, mini penthouses and penthouses with an open sea view. The rent depends on the project, floor area, floor level, view, condition, parking and the level of service in the complex.

Our experience in this district

We have worked with property in this part of Bat Yam for many years and know both the primary market of new projects and completed apartments on the resale and rental markets.

We have worked with developers and sales departments of projects here, and handled apartments in Eden Tower, YBOX Lighthouse, Electra, Sea Park and other complexes: purchases in new projects and on the resale market, later sales and letting.

That lets us compare not only prices but the real differences between projects: where the tower stands, how workable the layouts are, floors, orientations, running costs, the views and the outlook for a specific property.

We see steady interest in the district from Russian-speaking buyers, both those living in Israel and those coming from the former Soviet Union, France and the United States. For a buyer who is abroad it matters especially to get a comparison of several projects rather than information from the sales department of a single developer.

What happens after the purchase

For owners who live outside Israel our work does not end when the keys change hands. We help prepare the apartment for letting, find tenants, run viewings and vet candidates, and where needed we remain the contact point in Israel for anything to do with the property. More about this on the Owners abroad page.

Some of the apartments we manage as rentals today were bought by clients with our support. After the purchase the owner keeps an agency that already knows the apartment, the building and the history of the deal.

Why view the district with an agency that knows it

Our job is not to sell the name of a particular project. In one case the best answer is an apartment from the developer, in another a completed resale apartment where the real view, the state of the building and the running costs are all visible in advance.

We compare the available options by price, floor area, layout, floor level, sea view, parking, costs and the outlook for the surrounding construction. Mataev Real Estate represents the interests of the client first, not those of a particular developer.