Eilat Neighborhoods & Areas
The comprehensive guide to real estate in every Eilat neighborhood — prices, characteristics and where to buy
Eilat, located in southern Israel on the Red Sea coast, is a unique destination for real estate investment. Its pleasant climate, tourism income, VAT exemption and various tax advantages, and unique city characteristics make it one of the most sought-after real estate investment destinations in Israel. Korenfld Real Estate specializes in all Eilat neighborhoods and offers professional advice for buyers, investors and renters.
Shahamon
Veteran & sought-after neighborhoodShahamon is one of Eilat's oldest and most sought-after neighborhoods. Located in the heart of the city, it offers excellent access to public institutions, schools, shopping centers and entertainment venues. Characterized by low and medium-rise buildings with beautiful public gardens and a quiet, family-friendly atmosphere.
Tzalim (West)
Panoramic sea viewsTzalim neighborhood, also known as 'West', is one of Eilat's most prestigious areas. Located adjacent to the beach and hotels, it offers breathtaking sea views and quick access to a coastal lifestyle. Characterized by luxury construction, sea-view apartments, and modern new builds.
Orim
Accessible prices for familiesOrim is a highly sought-after neighborhood for homeowners and families. Located in the northeastern part of the city, the neighborhood offers relatively large properties at more accessible prices. Especially suitable for families looking for peace, privacy and space.
Amdar
Central location & easy accessAmdar is a central residential neighborhood in Eilat, with convenient access to all parts of the city. The neighborhood offers a wide variety of apartments in different sizes, suitable for both first-time buyers and investors. Characterized by developed infrastructure and excellent community services.
City Center
High rental yieldsEilat City Center is the beating heart of the city, with commerce, businesses, restaurants and entertainment. Real estate in the city center is especially sought after for investment, with particularly high rental yields due to proximity to hotels, beaches and tourist attractions.
Marina & Hotels Zone
Most prestigious propertiesThe Marina and Hotels Strip is Eilat's most luxurious area. Properties in this area offer direct sea views, beach access, and excellent investment potential. Ideal for vacation apartments, hotel apartments and luxury properties. High demand year-round due to tourism.
Why Invest in Eilat Real Estate?
VAT Exempt
Eilat real estate is VAT-exempt — a direct saving of 18% on property price
Consistent Tourism Demand
~3 million tourists annually ensure high rental yields year-round
Supply Shortage
Eilat faces a chronic housing shortage, driving consistent price appreciation
Dollar Income Potential
Sea view and hotel area renters often pay in dollars and euros
Accelerated Urban Development
New city plans include port expansion, commercial zones and infrastructure
Geographic Uniqueness
Eilat is Israel's only city on the Red Sea coast — a uniqueness that cannot be replicated