D.A.A.R. Israel Ltd.

D.A.A.R. Israel is a boutique real estate company founded over 20 years ago by attorney Erez Israel, a second-generation member of the Jerusalem-based Israel Brothers Ltd., a veteran real estate and construction group established in the 1960s. Atty. Israel previously served as the group’s General Counsel and currently sits on its board of directors.
Since its founding, D.A.A.R. has initiated and developed more than 1,000 residential units, as well as industrial, commercial, and office properties, primarily in Tel Aviv and Ashkelon, where the company also owns land.
D.A.A.R. is guided by a strong commitment to transparency and fairness toward apartment buyers. One of its main guidelines is to never sell apartments before construction permits have been secured and building is already underway—an approach that helps ensure high construction standards and strong customer satisfaction. To date, the company has maintained a negligible rate of construction defects, despite the significant scale of its operations.

Financial Stability

D.A.A.R. specializes in the “Classic” development model, i.e buying the land, promoting and attaining construction permits, executing construction and selling the apartments directly to the general public. The company is characterized by its Personal Customer Service and prompt and efficient response to any need that arises during and after construction. The company is financially prudent: It is managed by a lean and proficient managerial staff headed by CEO Erez Israel, a lawyer who has decades of experience behind him in real estate and development. More over, D.A.A.R. is not leveraged – but uses its own equity for all of its projects. The company’s financial strength and prudence provides buyers with the peace of mind that comes with knowing it would meet all of its obligations to them. The company is working with Bank Leumi, which provides financial backing and guarantees under Sales Law (apartments 1973) to all its projects.

Yielding Properties

In addition to its ongoing real estate development activities, D.A.A.R. owns yielding properties in Ashkelon and Tel Aviv, including the “D.A.A.R. Building” in Ashkelon. Covering approximately 4,000 sq. m., this property comprises four floors, three of which are leased to the Israel Tax Authority, while the remaining floor is allocated to commercial use.
In Tel Aviv, the company owns a two-story building on Chlenov Street, which is operated under a joint residential model through Community Ltd.; a lot on Levende Street, currently undergoing rezoning proceedings; and a building on Yesod HaMa’ala Street, which is leased to a coffee shop until permits are granted.
D.A.A.R. in the City: The company has finished building a residential project for rent in the heart of Ashkelon, called “D.A.A.R. in the city”. The project is located at city center, in the Migdal Neighborhood, and is offering 42 small apartments, all of which are intended as rentals, and a commercial ground floor. The project is designed to fulfill the growing need of mostly young professionals for an affordable, small and modern living in the city of Ashkelon. The commercial floor includes 5 stores designated for rent. The building is managed by a management company that meets the residents’ needs. The apartments in the building are fully populated.
Chlenov, Tel Aviv: D.A.A.R. owns a lot on Chlenov Street, which currently has a building standing on it. The company intends to build on this lot a 39 small apartments and ecommerce floor project. Construction is scheduled to 2026.

Aesthetics and Designs of the Highest Levels

D.A.A.R. emphasizes and values architectural spaces and focuses on aesthetics and design in all of its projects. To this end, the company hires leading architecture firms, with which it reviews the finest details of design, both interior and exterior, in each building and apartment. The company invests in expensive design elements and high end finishes such as paneling, plaster, paints, woods and metals, at a higher-than-standard level, while paying the costs out of pocket, motivated by its credo that buyers deserve the best value for their money.

Notable Projects

D.A.A.R. Industrial Buildings: An industry and commerce center in Ashkelon’s northern industrial zone. The center includes three industry/commerce buildings, at 2,500 sq. m. each. The center’s commercial area includes various stores and its industrial area includes businesses such as vehicle garages, electronics and HVAC.
7 Balfour, Tel Aviv: An upscale residential project in the heart of Tel Aviv. The project, designed by noted architect Gidi Bar Orian, is a six-story boutique building with 12 apartments. The apartments’ mix includes garden apartments, 4-5 room apartments and a rooftop apartment. All apartments have high end quality finishing and each has its own parking space in a subterranean parking facility. The project was completed and populated.
Kidmat Kidron, Gedera: “Kidmat Kidron” is a high-quality residential project located in the northern part of the city of Gedera. Set on a pastoral site, the project comprises 67 residential units in low-rise buildings, each containing four to six apartments.
The project offers a variety of penthouses, some with additional rooftop terraces, as well as garden apartments, some of which include basement levels. The buildings feature a modern and advanced architectural design. The project is nearing completion, and the majority of the units have already been sold.
Park Diamonds, Ashkelon: A residential project in the heart of Ashkelon near the Ashkelon College and Afridar Center, the municipal market and the city’s education complex. The project includes 288 residential units in eight buildings with 36 apartments each. The project was completed and populated.
10 Brenner St., Tel Aviv: A modern and innovative hotel is being planned in a heritage preservation building, ocated in the epicenter of historic Tel Aviv. The project will integrate and fuse new and old elements to feature 23 luxurious suites. The guests will be able to enjoy a rooftop pool and a prestigious restaurant run by R2M - Ruti and Mati Broudo’s hotels and restaurants group. The project is in advanced planning stage, pending construction permit.
Rabin Montefiore, Barnea Neighborhood, Ashkelon: A Boutique residential project in the Barnea Neighborhood, located near the beach, close to schools, kindergartens and shopping centers. The apartments’ mix includes 5-room apartments, a garden apartment and a penthouse, all built in an innovative and contemporary standard. Interior planning provides privacy and convenience. Residents enjoy high ceilings, double glazed windows and designed front doors. The project, which holds 310 apartments, is now fully populated.
Yesod HaMa’ala, Tel Aviv: A residential project in the developing area of Levinsky Market. A six-story building with 39 new apartments. Currently in advanced planning stage. Construction expected to begin in 2027.
Chlenov, Tel Aviv: A six-story building with 39 new apartments. In advanced planning stage, as construction expected to begin in 2026.