SEVEN SEAS
Facts
The story
SEVEN SEAS is Electra Residence and Dan Real Estate's project on Central lot 2208, under 300 metres from the sea, won through Dan's subsidiary Nahor in the February 2025 tenders for ₪748.4M plus ₪59.3M development. Sales began quietly in December 2025, and by Electra's annual report 73 homes had sold for about ₪635M including VAT, at about ₪80,000 per sqm and about ₪8.7M a home on average, more than 60 per cent of them to foreign residents. The design plan, approved in May 2026, puts 437 homes in two towers of 45 and 20 storeys and a 9-storey building, with an 8-storey office building beside them.
- Unit mix: 110 small (about 45 sqm average), 110 medium (about 73 sqm) and 217 large; 2 to 6 rooms (company-stated)
- Land ₪748.4M, about 27.8 per cent below the ₪1.04B appraisal, 26 bids
- About 3,100 sqm of inner courtyard under a public easement; landscape architect Baha Milhem
- To be built by Electra Construction (company-stated)
- Of the 73 homes sold by March 2026, 28 were signed contracts for about ₪330M; the rest were purchase offers
- About 280 metres from the beach, west of Ibn Gvirol, on about 6 dunams; homes from 2-room micro-apartments to 6 rooms and penthouses with pools (Ynet and Mako, 31 May 2026)
- No sales update after Electra's annual report of March 2026 was found
- 73 homes sold for about ₪635M including VAT by March 2026; 28 contracts signed, about ₪330M
- Average about ₪80,000 per sqm and about ₪8.7M per home
- More than 60 per cent of buyers are foreign residents
- About 2,200 sqm of retail and 3,500 sqm of offices on about 6.1 dunams
- Architecture by Yaski Mor Sivan; interiors by Kobi Karp
Amenities
- Large outdoor swimming pool facing the sea (company-stated)
- Indoor covered pool (company-stated)
- Large equipped gym (company-stated)
- Designed shared spaces by Kobi Karp (company-stated)
In the news
- 437 homes and a 45-storey tower: SEVEN SEAS design plan approved for lot 2208
Ynet: the Tel Aviv-Jaffa local committee approved the design plan for SEVEN SEAS by Electra Residence and Dan Real Estate on Central lot 2208: 437 homes in towers of 45 and 20 storeys, with about 3,500 sqm of employment space and 2,200 sqm of commerce.
Sources
Where the facts on this page come from, with the date each source carries.
- Ynet: design plan approved for SEVEN SEAS towers in Sde Dov2026-05-31
- Mako: Dan and Electra's Sde Dov project approved, two towers and 437 homes2026-05-31
- Dan Real Estate: SEVEN SEAS project page (company-stated)2026-03-30
- Sde Dov district news site (aggregator): 437 homes and a 45-storey tower, SEVEN SEAS design plan approved (lot 2208)2026-05-20
- Nadlan Center: SEVEN SEAS architectural design plan approved2026-05-28
- WizBid (aggregates Israel Land Authority results): tender 277/2024, Sde Dov Central, lot-by-lot winners with plan lot numbers2026-09
- Electra Residence (company project page): Seven Seas, 437 homes, 2 to 6 rooms, pools and gym2026-02-25
- Electra Times, September 2026, page 24 (Electra group magazine): SEVEN SEAS to be built by Electra Construction2026-09
- Calcalist: over ₪8M per apartment, Sde Dov early sales revealed (SEVEN SEAS)2026-03-26
- Nadlan Center: SEVEN SEAS sales data, Electra Residence and Dan Real Estate2026-03-25
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