Apartments for Sale in Eilat
Eilat is Israel's southernmost city, a resort town on the Red Sea renowned for world-class diving, year-round sunshine, and VAT-free shopping. With apartment prices averaging 1-1.8M NIS and no VAT on purchases, it's an attractive destination for investors, retirees, and those seeking a unique lifestyle in Israel's warmest city.
Cost of Living in Eilat
Monthly cost estimates based on CBS Household Expenditure Survey data.
Source: CBS Table 4.9 (2025) + CBS Household Expenditure Survey 2022
Why Buy in Eilat?
Based on CBS data, education statistics, and community metrics.
Low Cost of Living
Eilat's cost index is 74 — well below the national average of 100. Residents benefit from lower housing, grocery, and utility costs compared to most Israeli cities.
Low Arnona (Property Tax)
Monthly Arnona in Eilat averages just ₪273 — one of the lowest municipal property tax rates in Israel, reducing ongoing homeownership costs.
High Teacher Satisfaction
Teachers in Eilat report a satisfaction rate of 86%, reflecting a positive educational environment and well-supported school system.
Above-Average Education
Schools in Eilat average 536 on RAMA standardized tests (national avg ~500), with 18 schools serving the community across all education levels.
Olim Community in Eilat
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Frequently Asked Questions
What is the average apartment price in Eilat?
Average apartment prices in Eilat range from 700K NIS for studios to 2.5M NIS for larger apartments. The city-wide average is approximately 1-1.8M NIS.
Is Eilat a good investment?
Eilat offers strong short-term rental yields due to tourism demand. The VAT-free status, NEOM proximity, and growing international interest support long-term appreciation.
What is the VAT-free zone in Eilat?
Eilat is designated as a free trade zone — residents and visitors pay no VAT (17%) on goods and services purchased within the city, making everyday living significantly cheaper.
How far is Eilat from Tel Aviv?
Eilat is about 350 km south of Tel Aviv, approximately 4 hours by car. Ramon Airport (near Eilat) offers domestic flights to Tel Aviv in about 1 hour.
Data sources: Central Bureau of Statistics (CBS) quarterly dwelling price reports, Israel Tax Authority transaction records, Ministry of Education school data. All prices are approximate and based on the most recent available data. Bruchim Habaim provides market intelligence and does not act as a real estate broker or financial advisor.