Yigal Damari (PR photo, freepik)
If there is one statistic that can most accurately reflect the real estate craze it is the sales of the contractors and preferably the big ones because not every contractor can cover several projects simultaneously, complete them, deliver them and move on to the next projects because in this world the Time To Market is The main actor.
In recent years, Yigal Damari has become one of the largest private contractors in Israel and how big is it? After all, in 2021 he sold no less than 953 apartments in Israel with a cash volume (selling prices) of NIS 1.95 billion, a 50% jump compared to sales in 2020.
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In addition, in 2021 the company sold 135 apartments abroad with a financial volume of approximately NIS 28 million, compared with 104 apartments with a financial volume of approximately NIS 23 million in 2020.
In total, Damari sold no less than 1,088 housing units in Israel and abroad in 2021 for a monetary consideration of NIS 1.95 billion (the company’s share is NIS 1.76 billion), compared with sales of 881 housing units in Israel and abroad for approx. NIS 1.28 billion (the company’s share is about NIS 1.16 billion) in 2020.
Damari is currently constructing about 2,700 apartments in 18 projects throughout the country, and is in the planning phase of an additional 1,600 housing units, the construction of which is expected to begin in the coming year. D. In construction clearance projects and projects within the framework of TMA 38 in the amount of approximately 500 housing units.
Nurit Toito, Deputy CEO of Damari: “Sales in 2021 are record results for the company, both in the volume of apartments sold and in the financial volume of sales. The growth trend in the company continues even these days, and we are experiencing high demand for the purchase of apartments and plots in all areas of the country, witnessing great interest in the projects marketed by the company.
“Currently, we are constructing about 2,700 apartments in 18 projects across the country, and we are in the planning phase of about 1,600 additional units, the construction of which is expected to begin in the coming year. In addition, the company has land reserves of a significant amount of approximately 10,600 housing units, and we promote construction clearance projects in the amount of more than 8,000 housing units, and projects within the framework of TMA 38 in the amount of approximately 500 housing units.
“We continue to work hard to identify attractive opportunities for land acquisition and to initiate urban renewal projects to further expand operations in the coming years, while continuing to position the ‘Damari’ brand as a leading and high-quality brand in the Israeli housing market.”
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