Current sectionIsrael NewsReal EstateA company owned by billionaire Alfred Akirov has sold the undeveloped space that looks out onto the Old City. The sale shows that Israel's luxury home market still has steamShare to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeMichael Rochvarger03:36 PM • May 21 2026 IDTIsrael's luxury home market has its share of problems but there is still demand for unique properties in selected locations, as seen in the sale of an 800-square-meter (8,600-square-foot) undeveloped space in Jerusalem's Mamilla neighborhood overlooking the Old City walls. Loading...Click the alert icon to follow topics:Israel real estateIsrael business newsIsrael economyJerusalemCommentsLoading...In the NewsIn the News: Israel-Iran Live UpdatesTrumpIsrael ElectionsIDF-LebanonSan Diego MosqueChannel 14HaQuizHaaretz Podcast$34m and View of the Old City: Jerusalem Apartment Sold to American Haredi BuyerKhamenei Says Enriched Uranium Must Stay in Iran, Senior Iranian Sources SayAll Gaza Flotilla Detainees Deported From Israel, Foreign Ministry Says'Why Should Israel Belong to a Belgian Jew More Than to a Druze From Here?'The Secret Israeli Unit Spying on Teachers Who Criticize the GovernmentRemembering and rebuilding two years laterICYMIHundreds Protest at New York Times HQ Over Column Alleging Abuse by IsraelisICC Prosecutor Seeks Warrants for Ben-Gvir, Smotrich, Other Israeli OfficialsEverybody Loses in the Cynical Israeli-Palestinian Sexual Violence CompetitionIsraeli Settler Filmed Abusing Palestinian-owned Dog in West BankWelcome to the Most Shameful Day in the Jewish CalendarWhy Asking 'Are You a Zionist?': Is No Longer Relevant