- CEO
- Ygal Dimri
- Full Time Employees
- 330
- Sector
- Finance
- Industry
- Real estate development
- Address
- Sderot Yerushalayim 1 Netivot HD Israel 8771001
- IPO Date
- May 12, 2004
- Business
- Y.H. Dimri Construction & Development Ltd Y.H. Dimri Construction & Development Ltd engages primarily in real estate development and construction, focusing on residential, commercial, industrial, and hospitality projects; yielding real estate including the construction, rental, and management of commercial and office buildings; and human resources services supplying foreign manpower to the construction industry. The company develops, designs, constructs, markets, and sells residential properties such as Grand Dimri apartments, Ahuzat Dimri buildings, Dimri Towers on the Park, Nitzani Dimri, and Ahuzat Dimri Cottage family houses, alongside urban renewal initiatives, with operations spanning over 20 cities in Israel including Tel Aviv, Netanya, Ashdod, Petah Tikva, Or Yehuda, Givatayim, Ashkelon, Meitar, and Sderot, as well as international activities in Romania, the Czech Republic, and Georgia. Founded in 1989 by Yigal Dimri, who serves as founder-CEO, and headquartered in Netivot, Israel, the company maintains ISO 9002 certification, employs cutting-edge construction technologies, and acts as general contractor for its projects to ensure quality control and customer support via personal managers and a mobile app. In recent developments, Y.H. Dimri Construction & Development Ltd joined the TA-35 Index in 2024 as the first contracting firm; acquired a 7,600 square meter plot at the former Sde Dov Airport site in north Tel Aviv from Hanan Mor's creditors for NIS 1.1 billion in July 2024, funded partly by a NIS 350 million private placement to investors including Altshuler Shaham, Harel Insurance, and Yelin Lapidot; and sold 7.9 dunams of land in Hadera for 318 housing units to a private developer for NIS 181 million plus VAT in 2024, recognizing a pre-tax gain of NIS 150 million in the first quarter of 2025. The company holds substantial land reserves for tens of thousands of residential units and shopping centers, supporting its position as Israel's leading residential developer with over 18,000 apartments constructed and a workforce of 322 employees.