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DevelopersY.H. Dimri

Y.H. Dimri

י.ח דמרי

Y.H. Dimri, a Tel Aviv-listed builder controlled by Yigal Dimri, bought Eshkol lot 107 from the collapsed Hanan Mor Group for ₪1.1B in July 2024 and markets it as DIMRI YAMA: 458 homes, about 1,500 sqm of retail and a 70-room business hotel, from ₪3.75M since December 2025. By 30 June 2026 it had sold 40 homes, four of them to the Dimri family, with no net sales in the second quarter, and it expects the remaining stock to sell at about ₪62,000 per sqm. It also won North lot 3210, 275 homes, for ₪450M plus development in March 2025; that lot was still in planning in July 2026 and has no public name.

The company

Legal name
י.ח דמרי בניה ופיתוח בע"מ
Founded
1989, by Yigal Dimri. Listed in 2004 at a ₪204M valuation.
Founders
Yigal Dimri, chief executive and controlling shareholder
Head office
Netivot
Listed
TASE: DIMRI
Ownership
Yigal Dimri holds about 53 per cent (TheMarker, 20 August 2026); his holding was 64.57 per cent in July 2022 (Calcalist), and other snapshots give 52 to 59 per cent. ICE reported in July 2026 that he had recently increased it.
Scale
Market capitalisation between ₪7.49B and ₪8.17B across August and September 2026 snapshots, the largest of any listed Israeli construction company, and a member of the TA-35 index since November 2024. Trailing revenue ₪1.75B, down 12 per cent year on year, with net income ₪340M, down 39 per cent.
Elsewhere
  • About 2,700 units in execution and a similar number in planning, with a land bank for roughly 30,000 more across 80-plus projects
  • Built around 15,000 units in the 1990s for Soviet-immigration housing
  • Land rights for about 185 units in the Czech Republic and about 5,000 in Romania as at 31 December 2025
Not to be confused with
"TLV: DIMRI" is the company's share on the Tel Aviv Stock Exchange (ticker DIMRI), not a project. The Sde Dov project is marketed as DIMRI YAMA, or YAMA TLV, and in Hebrew as דמרי ימה.

What a buyer from abroad should know

The controlling shareholder was indicted in 2022 for bid-rigging on a subsidised-housing tender, and in 2026 he and his family bought a large share of the apartments the company sold at Sde Dov. Both are on the record in Hebrew and neither is easy to find in English.

What it paid, and for what

Every recorded acquisition in the district, with the source for each.

Timeline

On the record

Published facts a buyer would want before signing. Each carries its source.

The controlling shareholder bought a large share of the sales

Of nine Sde Dov units the company recorded as sold in the first quarter of 2026, four went to Yigal Dimri and his family at roughly ₪5.9M to ₪6M each for a 77 sqm unit, about ₪77,000 per sqm. Calcalist calculated that the project's sales pace would have been 75 per cent lower without those purchases. Two further family purchases happened elsewhere in the portfolio in the same quarter. Yigal Dimri's answer on the record, in a July 2026 interview: "I bought apartments for myself and my children at Sde Dov, to have a vacation place. We've already made 41 to 42 transactions. It's not the pace we expected, but I'm not worried." No securities investigation into the purchases was found, which is an absence of evidence rather than a clearance.

A 2022 bid-rigging indictment against the chairman personally

On 13 July 2022 the Competition Authority indicted Yigal Dimri personally, and the company, for coordinating final prices with the contractor Dvir Yitzhaki in a Mehir LaMishtaken subsidised-housing tender in the Ramot Yoram neighbourhood of Netivot. According to the indictment, on the day bids were due a Dimri employee, at the chief executive's request, lowered his phone into the tender box to photograph whether any bids had been filed. Dimri's lawyers said the evidence should have led to the case being closed and that they expect acquittal. This predates Sde Dov and does not concern it, and it is on the record about the person who controls the company building there.

Sales at Sde Dov effectively stopped in mid-2026

In the first quarter of 2026 the company sold nine homes at DIMRI YAMA, four of them to Yigal Dimri and his family. In the second quarter it sold none there and one earlier sale was cancelled, leaving 40 of 458 sold at 30 June 2026; two more sold after the period. Homes sold so far averaged about ₪67,000 per sqm excluding VAT and net of financing costs, and the company expects about ₪62,000 on the remaining stock, a reduction it calls a safety margin. Company-wide it sold 231 homes (its share) for about ₪406M in the second quarter, much of it subsidised Mehir LaMishtaken housing in Ashkelon, and expects about ₪2.66B of revenue from YAMA.

Lot 107 is on the Environment Ministry's PFAS list

In July 2026 the Environment Ministry named, for the first time, the nine Sde Dov plots where investigations found indications of PFAS in soil or groundwater: 103, 105, 106, 107, 301, 303, 2102, 2206 and 2207. Y.H. Dimri's lot 107 is among them. In its second-quarter 2026 report the company disclosed further exceedances and hotspots on the site and said it is waiting for instructions on how much soil must be removed; it expects the cost to be immaterial and the schedule unaffected. Anyone signing for space here should ask what the contract says about it.

Where sources disagree

Published figures that do not match. Both readings are given rather than one being chosen.

What is Sde Dov worth per square metre, in Yigal Dimri's words and in his sales?

The ₪150,000 figure was a forecast for ten to twenty years out, not a current price, and should not be quoted as a valuation. The realised price in the company's own reports is less than half of it.

How is DIMRI YAMA laid out?

A minor mismatch, most likely a design revision, but it means floor counts quoted in older coverage should not be relied on.

Projects

In the news

  • Globes
    Globes: how many Sde Dov homes actually sold in the first half of 2026

    Globes: seven projects are now marketing in the district, with first occupancy still expected in 2029. RAINBOW sold 7 homes in the first half of 2026, 3 of them in the second quarter, against 59 in all of 2025 and 99 in 2024, and DIMRI YAMA had sold about 41 of its 458 homes. Hagag's sales and marketing costs rose to ₪10.8 million in the half, from ₪4.2 million a year earlier.

  • Globes
    Buyers in Sde Dov projects are writing cancellation clauses into their contracts

    Globes: apartment buyers in district projects are adding cancellation clauses to purchase contracts because of the PFAS findings. The Environment Ministry told Globes that all nine plots with PFAS indications are earmarked for housing and that sampling results will be published once the investigation reports are approved. Globes names Dimri, Shikun & Binui, Gindi Holdings, Mivne and Prashkovsky among the companies involved; some developers say the ministry has already confirmed that their land is clean.

  • Globes
    The nine Sde Dov plots with PFAS indications are named for the first time

    Globes: the Environment Ministry named the nine plots where PFAS indications were found: 103, 105, 106, 107, 301, 303, 2206, 2207 and 2102. Globes matched them to developers, among them lot 103 (Nahmias, UTOPIA), lot 107 (Y.H. Dimri, DIMRI YAMA), lot 2206 (Gindi Holdings), lot 106 (Shikun & Binui), lots 2207 and 2102 (Prashkovsky) and lot 301 (Hadas Capital). The ministry said results will be published once the investigation reports are approved.

  • Globes
    DIMRI YAMA records no Q2 sales; remaining inventory marked down to ₪62,000/sqm

    Calcalist: YAMA sold none in Q2 (about 40 of 458 units, ~8%). Globes: remaining inventory cut from ₪67,000 to ₪62,000 per sqm, with PFAS soil removal underway under the Environment Ministry.

  • Calcalist
    Sde Dov: almost half the apartments Dimri sold were bought by the controlling shareholder

    Calcalist reports that nearly half of Dimri's Sde Dov apartment sales were to the controlling shareholder.

Sources

Everything on this page traces to one of these.

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