Dira LeHaskir in Nof HaGalil: 177 long-term rental units, and 49 more on the open market

When a developer builds for sale, its interest ends on handover day. When it builds for long-term rental, it stays with the building — and the systems it installed will keep billing it for years. That is a difference that bears on execution quality, not only on the business model.

Dira LeHaskir in Nof HaGalil is a project of that kind, and it is a national project.

Project data

Two lines deserve emphasis. First: the project combines two models in one compound — long-term rental and the open market — meaning two kinds of resident and two contractual systems. Second: the status is occupied, not "under construction" and not "in planning". This is a completed and inhabited project.

What long-term rental is, and why it matters

In this model the apartments are not sold one by one but remain in the ownership of a single body that lets them for long periods. Three practical consequences:

1. The building is managed. Instead of a rotating house committee there is one body responsible for maintenance — and therefore one address to approach.
2. Systems are tested over time. A lift, waterproofing, air conditioning and yard development are not the resident's problem but the owner's cost. Whoever builds for rental pays for every shortcut themselves.
3. The residents are not buyers. So the test is not the point of sale but what happens in the third year.

The city: Nof HaGalil

Nof HaGalil is the company's home: its offices are at 9 HaGiv'a Street in the city. Alongside this project stands Mordot Tzfoniyim, in planning — 221 target-price units and 55 open-market units. Details in the article on Mordot Tzfoniyim.

That combination — a rental project already occupied and a residential project in planning in the same city — explains why the company is present there as something other than a one-off supplier.

What to ask about a long-term rental project

1. Which body actually manages the building, and what its maintenance responsibility is.
2. What tenancy period is offered and what the extension mechanisms are.
3. What is included in the rent and what is separate — municipal rates, service charge, parking, storeroom.
4. How the rent is updated over the period.
5. Who is responsible for repairs inside the apartment, and within what response time.

All the company's projects — residential, development, public buildings, national projects and urban renewal — are on the projects page.