The 320 square meter apartment is on Matmon Street near Kikar Hamedina.
Arison expected a deal for NIS 250-300 million, but got only NIS 160 million for Israel's largest salt producer.
The average apartment price fall in Israel's two main cities was well over the national 2.3% average in the past 12 months, the Central Bureau of Statistics reports.
Inflation was 0.8% in 2018, while housing prices have fallen 2.3% in the past 12 months, Israel's Central Bureau of Statistics reports.
Municipality: The developer has not finished vacating public space.
Guy Fund generated a -24% return in the past two months.
Amdocs Israel headquarters will have four office buildings surrounded by green areas.