For sale: 3,300 dunams on the beach, between the Mandarin Hotel and Herzliya. Currently there is a residence there, but a permit may be submitted for permission to erect a hotel. (Permission has been granted recently for hotels in the area). Excellent location.
Appraisals are on the rise among real estate experts in the area, with evaluations indicating that prices in the area continue to be on the rise. Just this year they have already risen around 12%.
I should note that in the area, an oligarch and a number of real estate companies have purchased a range of properties.