Ritz Carlton Apartment – A

One-Bedroom Vacation Residence – Marina View 1109 (Hotel #1107)

Located on the 11th floor with a South-West view to the marina along the Tel-Aviv shoreline.  

Featuring an open plan kitchen/ living room area, guest toilet, grand balcony, bedroom, bathroom.

Size: 77 m² net, 41 m² balcony.

Price: NIS. 8,792,000 includes furniture package, private storage room, and a parking spot in the -2 level

* Monthly maintenance charge approx. NIS. 7, 700 per month

** Annual Municipal tax approx. NIS. 8,800

Residence Price includes:

• Furniture package
• Private parking spot in the -2 level
• Private storage room in the -2 level
• Legal expenses
• 17% VAT

* Maintenance Charge per month covers:

Water, electricity, Air-Con, WI-Fi, cable T.V., private phone line, insurance.

Usage of all the amenities: Ritz-Carlton Spa, fitness center, roof-top pool.

Public area taxes, public area upkeep

As per Israeli Tourism Ministry regulation, owners of vacation residences enjoy their apartment for up to 6 months in every calendar year at the periods of their choice and need to offer the residence for rent (when it is not in use by the owner) for at least six months a year. The Ritz-Carlton Hotel offers owners full management and rental services package while their apartment is vacant. The rental periods generate monthly income for the owners.    

Income – When in the Ritz-Carlton rental and management program, owners receive 40% of every night the apartment is rented plus an additional 5% which is kept in escrow for any wear and tear issue.