Rashbag 37 render
Update · October 2026

Rashbag 37.

Renovation and expansion of a residential building in Old Katamon, Jerusalem.

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Building permit obtained
Nov 2026
Expected construction start
25
Total apartments
See progress
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Building permit obtained
Rashbag 37, Jerusalem · October 2026
Where we stand

Building permit in hand, heading to a November construction start

Today we received, in good time, the building permit (heter bniya) for the Rashbag 37 project in Jerusalem. It is the most important regulatory milestone of the project and opens the door to the execution stage.

We are about to close the contractor tender (mijraz kablanim), with construction expected to start in November 2026.

In parallel, preparation continues on the updated marketing plan, which will incorporate all recent changes to the project.

★ Milestone achieved · October 2026
Today we received the building permit for the Rashbag 37 project in Jerusalem. We are about to close the contractor tender, with construction expected to start in November.
Isracap — Rashbag 37 project team
The project

A building expanded and modernized

25
Total apartments (up from 21)
31
Parking spaces (up from 27)
Nov 2026
Expected construction start
Old Katamon
Jerusalem — project location
The road so far

From design to the building permit

December 2023

Updated plans and renders

New building plans and renders are presented and approved by the local authority, together with the proposal to extend the land-use and building permit.

June 2024

Additional floor confirmed

Confirmation from the Jerusalem municipality to add a 270 m² floor, taking the project from 21 to 25 apartments and from 27 to 31 parking spaces.

September 2026

Tender launched

Working plans at 95% and the contractor tender launched, with the project in the final stage of the permit.

October 2026

Building permit obtained

The heter bniya, the project's building permit, is received and the contractor tender is about to close.

Progress by work stream

Current project status

01 · Planning & permits

Building permit

The project's heter bniya (building permit) has been obtained.

Obtained
02 · Construction

Contractor tender

The mijraz kablanim (contractor tender) is in its final stage of closing.

Final stage
03 · Construction start

Start of construction

Construction is expected to start in November 2026.

Expected Nov. 2026
04 · Marketing

Updated marketing plan

The updated marketing plan is being prepared and will incorporate all of the project's recent changes.

Coming soon
Project visualization

Architectural renders of Rashbag 37

Exteriors
Aerial view
Aerial view — rooftop terrace and pool
Corner view
Corner view — full building
Street-view facade
Façade — street view
Interior common areas
Entrance lobby and mailboxes
Entrance lobby and mailboxes
Elevator lobby
Elevator lobby
Lobby — finishes detail
Lobby — finishes detail
Floor corridor
Floor corridor
Corridor to apartments
Corridor to apartments
Lobby with marble finish
Lobby with marble finish
Lobby — front view
Lobby — front view

Renders subject to final approval · Rashbag 37 · Old Katamon, Jerusalem