The income-producing division is a well-established department that has amassed considerable experience in identifying high-potential properties, improving them, and converting them into rental properties such as hotels, commercial centers, housing developments, and retirement homes.
In 2016, the Gabay Group acquired control of Engel Resources & Development Ltd., which became known as Gabay Properties and Development Ltd. This division focuses on income-producing property in residential construction, primarily in Israel.
Under the ownership of the Gabay Group, the income-producing division strategically decreased its activity abroad in order to focus on the Israeli real estate market, specifically large-scale “Vacate & Build” projects, and on improving and developing income-producing real estate in high-demand areas.
The division also deals with rental properties, including the initiation, management, maintenance and leasing of office, commercial, industrial and residential buildings.
Tel Aviv, 2,109 sqm