
FIRST by Hagag
Facts
The story
FIRST is Hagag Group's sea-line tower on Central lot 2270, designed by ODA as a 45-story building with three boutique buildings of seven to nine floors beside it. The mix is about 350 apartments (roughly 258 in the tower and 92 in the low-rise) from studios to six rooms, penthouses, and duplexes. Hagag paid about ₪756M for the land in the February 2025 Central tenders, launched sales in July 2025, and had 46 reservations within two months.
- Sales: 132 homes in 2025, 23 in the first quarter of 2026 and 13 in the second by Globes' count (9 by Calcalist's); 29 more agreements signed after the second-quarter report (Globes, 1 September 2026)
- 179 homes, 52 per cent, left to sell after the second quarter of 2026; average price per home ₪6.5M in the second quarter against ₪6.3M in the first (Calcalist, 1 September 2026)
- Average price per sqm excluding VAT: ₪61,700 in the first quarter of 2026 and ₪63,100 in the second (Globes, 1 September 2026)
- Three upper-floor homes sold for about ₪100.6M in December 2025, the largest ₪42.01M for about 390 sqm plus a 200 sqm terrace on floor 38 (Ynet, 18 December 2025)
- Expected gross profit about ₪767M (ICE, 10 April 2026); expected revenue about ₪2.41B (company report via Deep TASE, 7 September 2026)
- Architect Eran Chen's ODA with Bar Orian Architects (Ynet, 18 December 2025)
- First line to the sea, Central lot 2270, near the Green Line
- ODA-designed 45-story tower
- Won for ~₪756M in the February 2025 Central tenders (350 units)
- Launched July 2025; 46 sales in two months by September
- Design plan approved March 2026
Amenities
- Infinity pool
- Spa and wellness
- Sports facilities
- Hotel-style services
- Café
- Cinema
- Kids' club
In the news
- 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.
- FIRST passes ₪1.6 billion in sales: 191 of 350 homes sold
Ynet: Hagag Group's first-quarter 2026 report shows FIRST sold 59 homes in the five months to the report, for about ₪426 million, taking it to 191 of its 350 homes, 55% of the project, for more than ₪1.6 billion in under a year of marketing.
- Calcalist: FIRST drove Hagag's 2025 results, and the dependence adds risk
Calcalist: Hagag Group's net profit rose 29% in 2025, largely on FIRST, while marketing costs nearly doubled and four sales were cancelled, three of them at Sde Dov. The company's own accounts put the lot 2270 land at ₪803 million plus ₪67 million of purchase tax, against the ₪756 million reported at the February 2025 tender.
- District recordsDesign plan approved for Hagag Group's FIRST (lot 2270)
The architectural design plan for FIRST, the ODA-designed 45-story sea-line tower, is approved.
- ~NIS 6B: the Sde Dov billion-shekel tenders were cut almost in half
Central-district winners are named for 4,191 units and about ₪6B: land about 40% cheaper than the 2021 record. Gindi, Hagag, Electra + Dan, Luzon Ronson, Israel Brothers, and A.A.I. Abu + Tomer Koko are on the list.
Sources
Where the facts on this page come from, with the date each source carries.
- Globes: Hagag Q2 2026, 13 FIRST homes sold, average ₪63,100 per sqm; 29 more agreements after the report2026-09-01
- Calcalist: Hagag sold 68 homes in Q2 2026; 9 at Sde Dov, 179 left to sell2026-09-01
- Bizportal: Hagag Q2 2026 results; 42 FIRST units marketed since the start of Q22026-09-01
- Ynet: Hagag sold 3 luxury FIRST homes for about ₪100M; 166 homes marketed for ₪1.55B2025-12-18
- ICE: Hagag brothers doubled 2025 sales; 155 FIRST homes sold plus 35 registration requests2026-04-10
- Deep TASE (analysis aggregator of company reports): Hagag Q2 2026, FIRST 48.4% marketed, ₪2.41B expected revenue2026-09-07
- Globes: how many homes really sold in Sde Dov in the first half of 20262026-09-02
- FIRST official site (Hagag Group, company-stated)2026-09
- Hagag Group: FIRST Sde Dov project page (company-stated)2026-09
- ICE: Hagag brothers to start marketing in Sde Dov, the price2025-05-27
- Nadlan Center: Hagag reports 102 Sde Dov apartments sold at ₪8.36M average2025-07-17
- Walla: half of Hagag's FIRST apartments sold, ₪8M average2025-09-09
- Calcalist: 46 apartments in two months, Hagag's FIRST2025-09-10
- Globes: Luzon and Hagag Sde Dov towers expected to receive architect-issued permits2025-12-10
- Ynet (Calcalist): Hagag's Sde Dov discount, 'מחיר פירסט (שם הפרויקט)'2025-12-28
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