Abu Family buys 50 apartments in Netanya’s N Weizmann project
Abu Family bought 50 apartments from Azorim in Netanya’s N Weizmann project for about NIS 120 million and plans to rent them at market rates.
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Abu Family Housing, controlled by businessman Tzachi Abu, has purchased 50 apartments from Azorim in Netanya’s N Weizmann urban-renewal project. Ynet reported a total price of about NIS 120 million, averaging roughly NIS 2.4 million per apartment.
The portfolio comprises 42 four-room apartments and eight five-room units. The buyer plans to offer them for rent at market rates. Ynet estimated that the package discount could be as much as 20% compared with retail prices in the project, while noting that individual apartment prices were not disclosed.
The development comprises three residential towers with 292 homes and about 700 square metres of commercial space. Ynet published the report on 13 October 2026 at 15:26.
Source: Ynet — original report.
Illustrative photo of modern apartment buildings; it does not show the N Weizmann project or this transaction. Photo: Isaac Quesada / Unsplash.
A brief summary. See the original report for details and subsequent updates.
Ynet · Read the original