The residential development sector continues to show strong activity in the tender market: Amram Avraham, Almogim Holdings, and Shoval-Baruch Entrepreneurship recently reported significant wins in ILA tenders, together including more than 1,100 new housing units, a mix of subsidized and free-market housing, with investments totaling hundreds of millions of NIS.
The three wins reflect the ongoing trend in the sector: Strengthening land reserves, focusing on developing high-demand areas, and combining subsidized housing with free-market projects even during a period of economic uncertainty and financing challenges.
Amram Avraham Arrives in Ma'ale Adumim
According to Noam Greif, CEO of Amram Avraham, “Winning the additional tenders is a significant milestone for the company and will enable us to continue implementing the growth strategy we are leading. The company concluded the third quarter and the first nine months of the year with strong operational momentum, including the sale of more than 1,000 apartments since the beginning of the year. During this period, the group’s revenues increased by approximately 56% to around NIS 1.07 billion, and net profit attributable to shareholders grew by approximately 17% to about NIS 72 million.”
Amram Avraham announced that it won three tenders in Ma'ale Adumim, covering a total area of approximately 29 dunams, on which about 637 housing units can be built. Approximately 65% of the apartments will be marketed under the Target Price program, with the remainder in the free market. The total payment for the land amounts to about NIS 15 million, in addition to development costs estimated at NIS 222 million.
The win is part of the company's active growth, leading the apartment sales table in the sector during the first nine months of the year, with over 1,000 units sold by the time of the report.
The company's CEO, Noam Graif, stated that this step will allow the continued implementation of the growth strategy and the expansion of the group’s project inventory, while expressing ongoing confidence in the Israeli housing market.
Shoval and Sh. Baruch: A New Collaboration
Another win in Ma'ale Adumim was recorded by Shoval Baruch Entrepreneurship Ltd., a joint company of Shoval Engineering Group and Sh. Baruch Group. On December 10, 2025, the two won an ILA tender to purchase leasehold rights for two separate residential complexes, covering a total area of about 16.5 dunams.
The project will include 403 housing units, of which 262 will be in the Target Price program and the remainder in the free market. In one complex, approximately 157 units will be built (about 102 at Target Price), and in the second complex, about 246 units (about 160 at Target Price). The total payment for purchasing the rights is NIS about 13 million plus VAT, along with development costs of about NIS 132 million.
The project is part of a broader tender in the “Desert Bird” neighborhood, in which Shoval Baruch was one of eight companies that will jointly build 2,508 housing units – marking the renewal of construction in the city after years of stagnation.
Shoval Group CEO, Yishai Rot, noted that the win will allow the city to receive a residential project with a unique mix, combining discounted units with free-market apartments, priced approximately 15% lower than the existing offerings in the Jerusalem periphery. According to him, it is an opportunity for home upgraders and families seeking quality of life, open spaces, and proximity to Jerusalem.
Be'er Ya'akov: 86 Units and Close to the Metro
Meanwhile, Almogim Holdings won an ILA tender to purchase leasehold rights for land of approximately 3,773 sq.m. in Be'er Ya'akov, on which 86 free-market housing units can be built, along with about 382 sq.m. of commercial space.
The company will pay about NIS 56 million for the land, with development costs estimated at NIS 17.8 million. The project will include three residential buildings – two six-story buildings and an 18-story tower. Almogim noted that the land is in advanced development stages and approximately 700 meters from the future metro line, strengthening its potential for value enhancement and relatively quick execution.