Shalom! I am happy to update you that The Israel Land Fund was able, in a short time, to secure agreements for purchasing 7 different properties, all in the Shimon Hatzadik neighborhood.
In all of the properties there are Arab Muslims that are living inside , as illegal squatters or as protected tenants (Turn Key rights).
We have a chance to quickly change the reality in this strategic neighborhood that is known also by its Arabic name - 'Sheich Jarrach'.
The properties sizes are between 40 Sq. Meter to 930 Sq. Meter.
In general the prices are for all of these properties are between $2,200-$3,200 per Sq. Meter.
Legal fees would need to be added (for the agreement about $3,000 and for the future, an eviction claim, about $10,000-$15,000).
So, if you find this information interesting and you have the financial capability, we at the Israel Land Fund will be honored to answer any question that you have about this area and the properties that we are trying to redeem in this important area in East Jerusalem.
Yours from Yerushalayim,
Founder of The Israel Land Fund
Jerusalem City Council Member
If you are interested in purchasing one of these properties, receiving more info and/or attending tours of the area, please contact the Israel Land Fund and we will keep you updated.