Urban renewal in Herzliya: Tama 38 and Pinui-Binui explained

Urban renewal is reshaping large parts of Herzliya, and it creates real opportunities for both owners and buyers. Two frameworks dominate the conversation: Tama 38 and Pinui-Binui. They are often mentioned together, but they work very differently.

Tama 38

Tama 38 is a national outline plan built around strengthening existing buildings against earthquakes. In practice, a developer reinforces or rebuilds a structure and, in exchange, adds new apartments to sell. Owners typically receive upgrades such as a safe room, an elevator, parking, a balcony, and a higher property value, usually without leaving their building for long or funding the work themselves.

Pinui-Binui (evacuate and rebuild)

Pinui-Binui is more ambitious. Older buildings are demolished entirely and replaced with modern, denser projects. Residents move out during construction and return to a brand-new, larger apartment. Because whole complexes are rebuilt, these projects reshape entire streets, but they also take longer and require a high level of owner agreement.

What it means for you

If you own an older apartment, a renewal project can significantly increase your asset's value. If you are buying, a unit inside an approved or advancing project can be an excellent long-term play, provided you understand the timeline and the developer's track record.

These deals reward careful representation. If you are weighing a renewal opportunity in Herzliya, talk to us before you commit.