Red Towers — First Demolish-and-Rebuild Outside Green Line | חדשות נדל"ן | מרכז הנכסים
Red Towers — Historic Demolish-and-Rebuild Project Outside the Green Line
The "Red Towers" project in Ma'ale Adumim is one of the historic projects of Israeli real estate in 2026 - the first demolish-and-rebuild project in Judea and Samaria to receive official recognition from the government authority for urban renewal.
Project Details
- Location: Keli Shir neighborhood, heart of Ma'ale Adumim
- Tallest Tower: 31 stories (!) - the tallest in the city
- Developer: Well-known developers from the Israeli market
- Planning Stage: Approved in 2024 + order from the Central Command that allows urban renewal in Judea and Samaria
- Expected to Start: 2026-2027
Why Does It Matter?
Until 2024, demolish-and-rebuild was not possible in Judea and Samaria due to legal-regulatory reasons. An order from the Central Command opened up the possibility, and the Red Towers is the first project to enter execution. This creates a historic precedent for all settlements.
Impact on Prices
In the Keli Shir neighborhood, apartment prices have already risen by 12-15% in the last year in anticipation of the project. A 4-room apartment purchased for 2.1 million ₪ in 2023 is now worth 2.4 million, and is expected to reach 3.2-3.5 million after the project's completion.
For Investors
Buying an old apartment in Keli Shir today = an opportunity to exchange it for a new apartment with a 30-40% increase in value within 5-7 years. The property center assists residents and investors in the project.