On the Red Sea
Eilat sits at the southern tip of Israel, at the northern point of the Gulf of Aqaba on the Red Sea, bordering Egypt (Taba) and Jordan (Aqaba).
The climate is hot and dry, influenced by the surrounding Negev, Sinai, and Arabian deserts. Summer temperatures regularly exceed 35 degrees C, while winter brings a pleasant 25 degrees C. The Red Sea waters, ranging from 22 to 25 degrees C, are home to exceptionally rich tropical marine life and stunning coral reefs.
Tourism and economy
Eilat is first and foremost a major tourist destination. The Underwater Observatory offers views of the coral reefs, the marine nature reserve is accessible for snorkeling, and Dolphin Reef provides a unique encounter with dolphins in their natural habitat.
The Israeli government designated Eilat as a free trade zone in 1985 to stimulate economic activity. The port handles exports of Dead Sea minerals and imports of metals, sugar, electronics, and automobiles.
The city is connected to Jerusalem and major European cities by air, and benefits from the modern Ramon International Airport.
Real estate in Eilat
Eilat's real estate market is particularly attractive for rental investment, thanks to year-round tourism and the city's free trade zone status (no VAT). Seafront apartments and those near the promenade are in highest demand.
The city attracts investors banking on strong seasonal rental returns. Prices are significantly lower than in central Israel, offering compelling opportunities.
Ongoing development projects, including new residential neighborhoods and downtown urban renewal initiatives, are breathing fresh energy into the market.
