The city that never sleeps
Tel Aviv is often compared to Manhattan or London for its energy and dynamism. As the country's financial, media, and commercial center, the city is home to major corporate headquarters, the startups of "Silicon Wadi," and the Tel Aviv Stock Exchange.
With 14 km of beaches, open-air cafes, and a thriving cultural scene, Tel Aviv draws business travelers and tourists alike. The city boasts over 2,500 Bauhaus-style buildings, earning it the nickname "White City" and UNESCO World Heritage status in 2003.
History and foundation
Tel Aviv was founded in 1909 by Jewish residents of Jaffa who wanted to build a modern neighborhood. The name, meaning "Hill of Spring," evokes renewal and rebirth. The city merged with the ancient port of Jaffa in 1950.
Jaffa itself is one of the oldest ports in the world, mentioned in the Bible and continuously inhabited for roughly 4,000 years. According to tradition, it was through this port that King Solomon imported the cedars of Lebanon for building the Temple of Jerusalem.
David Ben-Gurion proclaimed the independence of Israel on May 14, 1948, in the residence of the mayor of Tel Aviv. The city served as the provisional capital from May to December 1948.
Real estate in Tel Aviv
Tel Aviv has the most expensive real estate market in Israel. Strong demand coupled with limited space keeps prices among the highest in the world.
The most coveted neighborhoods include Old North, Neve Tzedek, Florentin, the Rothschild area, and the seafront promenade. Jaffa is also undergoing significant gentrification with upscale renovation projects.
The market is particularly appealing to international investors, especially from France, who view it as a safe-haven investment with strong rental potential thanks to tourism and the expatriate community.
