Prices by Neighborhood – Where to Enter in 2026
Not all of Kiryat Ono is priced equally, and different neighborhoods offer entirely different investment profiles. Understanding the geographic spread of prices is an essential first step. The established neighborhoods like Rimmon offer a relatively low entry point of approximately 24,000-26,000 ILS per sqm, with the potential for higher rental yields. In contrast, newer neighborhoods like Psagat Ono command 32,000-35,000 ILS per sqm, while Naot Ariel Sharon – positioned near a Purple Line station – reaches 40,000-42,000 ILS per sqm.
It is worth noting the Ono Park development near Savyon Junction: a new area expected to include approximately 1,500 residential units alongside hundreds of thousands of square meters of employment and commercial space. This is a neighborhood that has not yet reached its full potential, so buyers today benefit from prices that do not yet reflect the full future value. The MyOno employment hub at the eastern entrance to the city is expected to add 400,000 sqm of office and commercial space – directly impacting residential demand in the vicinity.
- Rimmon neighborhood: 24,000-26,000 ILS/sqm – affordable entry, higher rental yield (3%-3.5%), suited for current income
- Psagat Ono: 32,000-35,000 ILS/sqm – developed infrastructure, good access to Route 461, sustained appreciation
- Naot Ariel Sharon: 40,000-42,000 ILS/sqm – near Purple Line station, clear premium, for those who believe in the infrastructure story
- Ono Park (Savyon Junction): prices still forming, high long-term potential, but development timeline not fully certain
Infrastructure and Transport – The Purple Line and Beyond
The single most-discussed factor in Kiryat Ono real estate is the Purple Line – the 27 km, 46-station light rail connecting Bat Yam, Holon, Or Yehuda, Kiryat Ono, Petah Tikva, and Ramat Gan. The project has suffered delays – opening pushed from 2026/2027 to 2028 – but construction continues and multiple stations within the city are in advanced stages of completion. International experience consistently shows that apartments within walking distance of light rail stations command a significant price premium after opening.
Beyond the Purple Line, there is also long-term planning for Metro Line M3 – an underground metro line of approximately 39 km with 25 stations, passing through Kiryat Ono to connect Bat Yam with Herzliya. The timeline is ambitious but uncertain: commercial opening is not expected before 2035-2037. This is significant for the very long term but should not be factored in as an immediate catalyst. For now, the primary transport play remains the Purple Line.
- Purple Line: expected opening 2028, multiple stations in Kiryat Ono – price impact will be felt before opening
- Metro M3: 39 km, 25 stations, will pass through Kiryat Ono – but not opening before 2035, not an immediate factor
- Route 461: major artery already connecting Kiryat Ono to Ramat Gan, Givatayim, and Tel Aviv – explains sustained demand
- Ono Academic College campus located at Savyon Junction – consistent source of rental demand from students and academic staff
Urban Renewal – Opportunity for Long-Term Investors
Kiryat Ono has earned the nickname urban renewal capital of Gush Dan for good reason. Seventeen urban renewal plans have been approved by the local planning committee, including landmark projects: the Mashkan compound (104 old units to 306 new units, expected 2028 occupancy), the Alma project by the Canaan Group (232 to 760 apartments), and the ONO ONE project by Boni HaTichon – considered one of the largest evacuation-rebuild projects in Gush Dan. The government has allocated 65 million ILS specifically to promote urban renewal in the city.
For investors, urban renewal means two things. First, buying an older apartment at a relatively low price with the prospect of receiving a new, modern apartment in several years – an appreciation of 30%-60% in value. Second, older apartments in active urban renewal compounds often experience a freeze in the rental market and operational uncertainty. Before buying an older apartment for its urban renewal potential, it is critical to verify the plan stage of approval and what percentage of residents have signed on.
- 17 plans approved: 13 evacuation-rebuild + 4 demolition-rebuild – Kiryat Ono leads Gush Dan in urban renewal scope
- 65 million ILS allocated by the government to promote urban renewal in Kiryat Ono
- Key projects: Mashkan compound 104 to 306 units (2028), Alma project 232 to 760 units, Zavar/Rakefet 172 to 510 units
- Old apartment in an approved renewal compound: low entry point + high appreciation potential, but requires thorough legal due diligence
Risks – What Is Not Always Mentioned
Not everything is rosy in Kiryat Ono 2026, and as investors it is important to look at the full picture. The primary risk is the large unsold inventory: approximately 1,450-1,481 new apartments are on the market. This creates negotiating leverage for buyers but also signals developer difficulties – and potentially points to price decreases of up to 8% in certain new projects. The rental market is also not immune: average rental prices in the city have dropped 12.5% from 5,501 ILS in December 2023 to approximately 4,814 ILS in 2025.
Another significant risk is taxation. An investor purchasing a second apartment will pay purchase tax of 8%-10% – on a 2.5 million ILS apartment, this amounts to approximately 200,000 ILS in tax alone. This substantially changes the ROI calculation compared to what simple yield calculations suggest. Additionally, access roads to the city are severely congested, traffic is a daily reality, and the Purple Line – which is meant to solve part of this problem – has already been delayed multiple times. The bottom line: Kiryat Ono is a good investment primarily for those willing to commit to a medium-to-long horizon and not expecting high current income from day one.
- Large inventory: 1,450-1,481 unsold new apartments – price pressure with risk of up to 8% decline in new projects
- Falling rental prices: down 12.5% from 2023 to 2025, suppressing current yield
- High purchase tax: 8%-10% on second apartments – 200,000 ILS on a 2.5M ILS property, fundamentally changing ROI
- Traffic and transport: Purple Line delayed to 2028, Metro M3 not before 2035 – transport access remains challenging in the interim