Damri's financial strength and reputation: A look at our history

Damari’s long-standing reputation, financial robustness, and immense impact on the Israeli construction landscape

Damari, a real estate giant, has been building the State of Israel for over 30 years. A cornerstone of Israeli construction, the company is proud to grow alongside the nation and represent its values. The company demonstrates financial resilience even in challenging conditions, combined with consistent profitability that provides security for buyers and investors.

The company was founded in 1989 by visionary Yigal Damari and quickly grew from a promising startup into one of Israel's largest and most successful construction firms.

Damari has seen consistent growth, both in projects across the country and in the value of its inventory. With over 33,000 housing units in various stages of development, Damari is not just a real estate company, but a national leader.

The company demonstrates excellence in real estate from north to south, with unparalleled financial strength. Damari stock is included in the TA-90 index, trades at a market cap of approximately 4.57 billion NIS, and holds an A credit rating. (As of August 23, 2023)

The company holds a land reserve of tens of thousands of housing units, ensuring continued growth and cementing its position as Israel's largest and leading residential construction company.

Whether you are a first-time homebuyer, upgrading your home, purchasing a luxury apartment, or a real estate investor, Damari offers a safe and value-driven purchase and investment opportunity. With strong stock performance and a diverse portfolio, Damari stands as a reliable choice in the Israeli real estate landscape.

In this article, you will discover the factors that make Damari a leader in Israeli real estate.

The founding and growth of Israel's leading real estate and residential company

Yigal Damari founded Damari with a bold vision to transform the construction landscape in Israel.

Damari eliminated the concept of the "periphery" through years of ambitious development. The company has undergone a massive transformation from a regional player into a driving force in the Israeli real estate industry with projects across the country.

Damari has expanded beyond residential projects, establishing commercial, industrial, and hotel projects nationwide—a remarkable achievement.

Nurit Toito, Deputy CEO of Y.H. Damari: "Y.H. Damari is currently developing 16 high-quality projects across the country to the highest standards and expects to obtain building permits for thousands of additional units in the coming years. We believe that the company's extensive national footprint, combined with our appeal to diverse population segments, the positive reputation we have cultivated over the years, our financial stability, and the fact that a significant portion of our land holdings were acquired at historical prices—all these will contribute to the company's ability to continue its growth and solidify its position as the leading company in the Israeli residential real estate sector."

Source Funder https://www.funder.co.il/article/147009

Financial resilience

Damari demonstrates significant financial strength thanks to:

• Over 30 years of long-term, continuous growth.
• Substantial equity – approximately 1.9 billion NIS.
• Nationwide presence – projects across Israel, not concentrated in a single area.
• Strong credit – an A credit rating from leading credit agencies.
• With its current market value, Damari has the financial foundation necessary for continued growth.

Stable profitability

In addition to strong financial fundamentals, Damari has recorded consistent profits year after year. Despite fluctuations in the real estate market, Damari has remained profitable while many competitors have struggled.

A stellar reputation

Beyond the numbers, Damari enjoys a stellar reputation as one of the most trusted names in Israeli construction.

Damari is known throughout the industry for:

• Delivering high-quality projects on time and within budget.
• Providing excellent customer service before, during, and after the purchase.
• Meeting high standards of professionalism and execution.

As a result, Damari's projects are in high demand. Damari's inclusion in the prestigious Tel Aviv 90 index illustrates the company's reputation as an elite firm.

National vision and growth

Damari's success stems from Yigal Damari's strategic foresight. He acquired land at historically low prices across Israel, which enabled the company to expand nationwide.

Damari built where others did not see potential, which fueled growth. With vast land reserves yet to be developed, the company is poised for continued expansion to meet Israel's real estate needs for years to come.

Diverse projects, broad appeal

Damari builds diverse residential projects that transform the urban landscape and are tailored to various groups of homebuyers.

First-time homebuyers – New projects and spacious urban apartments at an affordable price

Home upgraders – New projects in leading cities redefining the modern standard of living

Luxury homebuyers – Prestigious homes with a new standard of luxury: breathtaking apartments and penthouses

Investors – A wide range of apartment offerings in residential buildings with high rental demand

This range covers all major real estate market segments, giving buyers options to tailor the apartment to their budget and lifestyle.

Commitment to quality

By managing every stage of construction in-house, Damri ensures strict oversight and consistent quality across projects. When both the developer and the contractor are Damri, you can rest assured that the construction will be handled properly. This provides buyers with confidence throughout the home-buying process.

Damri's built-in quality control leads to peaceful, modern living spaces that stand out from competitors' projects. The company's emphasis on quality and customer satisfaction plays a key role in its excellent reputation.

Nationwide presence and growth

Damri has executed and continues to execute projects in leading cities across Israel, including: Tel Aviv, Givatayim, Bat Yam, Petah Tikva, Givat Shmuel, Or Yehuda, Netanya, Ashdod, Ashkelon, Beersheba, Meitar, Netivot, Sderot, Kiryat Gat, Dimona, Hadera, Haifa, Tirat Carmel, Kiryat Bialik, and more.

By eliminating the concept of the "periphery," Damri has provided housing options across Israel's diverse population centers.

Even under challenging market conditions, Damri continues to expand nationwide. The company currently has 16 residential projects under construction from north to south, with permits pending for an additional 8,400 units.

Summary

As this look at Damri's history shows, the company's vision, financial resilience, commitment to quality, and stellar reputation make it a leader in Israeli real estate. For homebuyers and investors alike, Damri represents a trusted name and a symbol of excellence in Israeli construction.

Don't miss your opportunity to invest in the future of real estate shaped by quality, innovation, and financial stability. Contact us today to discover how you can benefit from the exceptional projects of Y.H. Damri.