Luxury Apartments in Ra'anana
Luxury Apartments in Ra'anana
"raanana luxury apartments" is one of the most common searches we receive from clients abroad, and the honest answer is that the right choice depends on the street, the building and your plans. Here is the local picture.
Official market data — Ra'anana (Israel CBS, 2026)
Average apartment price in Ra'anana: ₪2,589,000 (change vs. H1 2025: 0%)
National average: ₪2,392,000 in H1 2026 (+3.9% vs. H1 2025); the CBS housing price index for February–March 2026 was down 1.2% year on year
Average monthly rent in the Central District: ₪5,386; national average ₪5,027 (CBS, Q1 2026)
Purchase tax for a foreign resident or investor: 8% up to ₪6,055,070 and 10% above; bank financing for non-residents is capped at 50% of the property value (up to 75% for an Israeli resident buying a single home)
Source: Israel Central Bureau of Statistics — average apartment prices for the first half of 2026 (published 15 September 2026), the housing price index (published 15 May 2026) and the Q1 2026 rent survey. These are city-wide averages; the actual price depends on the neighborhood, size, floor and condition. Before any decision we show you real transactions recorded with the Israel Tax Authority in the area you are considering.
This page maps the luxury tier of Ra'anana – the addresses, the building types, the off-market reality and the discreet way top-end transactions are done.
Ra'anana at a glance
Ra'anana is a green, well-run Sharon city a few minutes from Herzliya and Kfar Saba, famous for its large English-speaking community – families from the United States, the United Kingdom, South Africa and Canada – alongside a growing French community.
Ahuza Street runs through the centre, the city park is one of the largest in the region, and the mix of cottages, garden apartments and new neighbourhoods suits families who want suburban space near Tel Aviv.
Getting around:Ra'anana West and Ra'anana South railway stations opened in recent years; Highways 4 and 531 lead to Tel Aviv in about twenty-five minutes.
The luxury market in Ra'anana
Luxury in Ra'anana means renovated cottages on quiet streets and large penthouses in the newer buildings.
The luxury segment in Israel behaves differently from the mainstream: fewer transactions, longer negotiations, buyers who are frequently abroad, and a strong preference for privacy on both sides. Off-market introductions, private viewings and structured negotiations through lawyers are the norm.
Penthouses and tower apartments –concierge, pool, gym, parking and views in the newest buildings
Historic and restored homes –Templer, Ottoman, Bauhaus and stone houses in conservation neighbourhoods
Villas and estates –detached homes on large plots, often with pools, in villa communities
Sea-front and view property –the scarcest asset on a short, protected coastline
Developer projects –new luxury buildings bought off-plan with bank guarantees under the Sale Law
Our luxury service is built around discretion: a signed brief, off-market sourcing, private viewings (in person or by video), negotiation through your lawyer, and introductions to tax advisers who understand cross-border ownership.
Neighbourhoods to know in Ra'anana
Before you compare individual listings, decide which part of Ra'anana suits you. The main areas are:
Neve Zemer –the newest neighbourhood in the north with modern apartment buildings
Lev HaPark and the city park –apartments and cottages around Ra'anana Park
The Ahuza corridor –central streets with shops, synagogues and older garden buildings
Kiryat Ganim and the east –established family streets with cottages
The industrial and business zone –employment area near Highway 4
Housing stock and who buys in Ra'anana
What you will find on the market: cottages and two-family houses, garden and duplex apartments, 1980s–90s low-rise buildings and new towers in Neve Zemer.
Who you will be competing with: Anglo and French families making aliyah, Israeli families upgrading from Tel Aviv, and investors who rent to the same community.
Buyers often decide by school catchment and walking distance to a particular synagogue, so local knowledge matters as much as price.
Luxury in Ra'anana means renovated cottages on quiet streets and large penthouses in the newer buildings.
Costs and taxes to plan for
Purchase tax (mas rechisha) –progressive, filed with the Israel Tax Authority; non-residents and buyers of a second home pay higher brackets than Israeli first-home buyers, and rates change, so model this first
Legal fees –your lawyer's fee is customarily a small percentage of the price plus VAT, and on new-build purchases the developer's lawyer also charges a capped registration fee
Agent fee –customarily a percentage of the price plus VAT, paid by each side to its own agent
Registration and ILA fees –Land Registry fees, or ILA consent and lease fees on state land
Ongoing –arnona, building fees, insurance, and Israeli tax on rental income if you let the property
On exit –capital-gains tax (mas shevach) with exemptions and indexation, and possibly a betterment levy if planning rights were added
Mortgages: Israeli banks lend to non-residents, but the Bank of Israel caps loan-to-value, and buyers who are not Israeli residents are generally treated like investors – a lower cap than resident first-home buyers, typically up to about half of the value – with documentation of foreign income and assets. A mortgage broker who works with overseas clients shortens this considerably.
How Kobi Elkayam Real Estate helps
Kobi Elkayam Real Estate Ltd is part of the Elkayam Group, a Tel Aviv family business whose roots go back to 1945 and is now in its third generation. The group is active as a developer – in urban renewal, combination deals and complex transactions – and as a brokerage for international clients, working in English, French and Hebrew from its offices at 37 Rival Street, Tel Aviv.
Search and shortlisting in Ra'anana –agency, private and off-market sources, screened in person
Video and in-person viewings –timed to your visits to Israel
Negotiation –against verified transaction data, through your lawyer
Professional team –introductions to real-estate lawyers, tax advisers, mortgage brokers and appraisers who work with overseas clients
Developer projects and complex deals –access to the group's own projects and to combination and urban-renewal opportunities
After the purchase –management, letting and renovation partners so the property works while you are abroad
Can a foreigner buy apartments in Ra'anana?
Yes. Non-residents can buy freely in Israel and hold the property in their own name. You will need an Israeli lawyer, a tax file number for the purchase-tax filing and a way to transfer funds in shekels; a notarised power of attorney lets your lawyer sign if you cannot be in Israel.
How do I access off-market luxury property in Ra'anana?
Through an agency with relationships – with owners, lawyers, developers and family offices. Prime sellers value privacy and rarely list publicly. We work from a signed brief and introduce properties that match it, in confidence.
Can I buy through a company or trust?
Yes. Israeli companies, foreign companies and trusts can own Israeli property. Purchase tax, ongoing tax and the eventual sale are treated differently for each structure, so the decision belongs with a cross-border tax adviser before the contract is drafted.
How long does a luxury purchase in Ra'anana take?
Prime transactions are slower than the mainstream: due diligence on historic buildings, planning rights and any tenancy can take several weeks, and payment schedules are negotiated rather than standard. Allow one to three months from agreement to signing, and plan the tax structure before the first draft of the contract.
Related guides
Talk to us about a purchase in Ra'anana.Call +972-53-658-4252, write to support@kobielkayamrealestateltd.com, orleave your detailsand a member of the team will get back to you in English, French or Hebrew.