The Island

The Island is a flagship luxury development by Kardan Real Estate, situated within the Park HaYam masterplan — a 40-hectare urban renewal zone along Bat Yam's Mediterranean waterfront. The project delivers premium residences with direct sea proximity, resort-level amenities, and the infrastructure of a fully planned urban district including commercial space, public gardens, and transit connectivity.

Bat Yam offers Mediterranean waterfront living at 40-60% below equivalent Tel Aviv pricing — a spread that is narrowing as the Red Line light rail and Yoseftal railway station create a seamless 15-minute commute to central Tel Aviv. Early movers into Bat Yam's Park HaYam corridor are positioned to capture appreciation as the infrastructure gap closes. Read our in-depth analysis: Bat Yam's Waterfront Renaissance.

Kardan Real Estate is one of Israel's most established public developers with a track record exceeding 30 years. As a publicly listed company, Kardan is subject to regulatory oversight, transparent financial reporting, and institutional accountability — factors that provide an additional layer of security for international buyers compared to smaller private developers.

Non-resident buyers should budget approximately 10-12% above the purchase price for transaction costs, including purchase tax (Mas Rechisha at 8-10%), attorney fees (approximately 1% plus VAT), and agent commission. Use our Transaction Calculator for a detailed, personalised breakdown.

Bat Yam's rental market is growing rapidly as the city attracts young professionals, tech workers, and families priced out of central Tel Aviv. The combination of new transit links, waterfront amenities, and significantly lower entry prices is driving both population growth and rental demand — a pattern familiar from analogous markets like Brooklyn, Boulogne-Billancourt, and Barcelona's Poblenou.

Purchasing off-plan property in a foreign market carries complexity that most agencies are not equipped to handle. Ascend Israel Properties was founded by Netanel Hershtik — a US-licensed transactional real estate attorney with an Israeli law degree — precisely to bridge that gap. Netanel leads every client engagement personally: from developer due diligence and contract analysis, through Mas Rechisha optimisation and power of attorney, to Tabu registration and post-completion management. Our Israeli legal counsel, Adv. Hagai Adoram, brings decades of experience in high-value real estate transactions and developer contract review, ensuring that every clause in Kardan's purchase agreements is scrutinised with the same rigor applied to institutional deals. The result is a concierge experience where legal precision and personal attention converge — giving international buyers confidence to commit from any time zone.