Articles

Tel Aviv, Jerusalem ranked in top millionaire hotspots

Globes correspondent, 4/19/2023 12:00:00 AM

Tel Aviv and Jerusalem have both been ranked as top millionaire hotspots in Henley & Partners World Wealthiest Cities Report 2023. Previously Henley & Partners had only ranked the world's 20 wealthiest cities but this year Tel Aviv has come into the extended table in 30th place while Jerusalem is...

Defying forecasts, Israel's economy grew at 6.8% in Q2

Guy Ben Simon, 8/16/2022 12:00:00 AM

Israel's GDP grew 6.8% on an annualized basis in the second quarter of 2022, the Central Bureau of Statistics reports. The growth figures are in contradiction to expectations which was forecasting an economic slowdown, after the Israeli economy contracted 2.7% in the first quarter, according to the...

Israeli housing prices rising despite lower demand

Arik Mirovsky, 8/16/2022 12:00:00 AM

Despite the fall in the number of homes sold in Israel, housing prices continue to rise. Housing prices rose 2% in May-June compared with April-May and have risen 17.8% over the past 12 months, up from 15.9% last month, the Central Bureau of Statistics reported. According to the Israel Builders...

Tel Aviv luxury apartments set new price records

DANIELLE NAGLER, 8/11/2022 12:00:00 AM

A new price record for a Tel Aviv luxury apartment may just have been set this year at the David Promenade Residences, with the sale of two units for roughly $26 million each. The two families who purchased them paid NIS 88 million each for 438 square meters (4,715 square feet) of living space and a...

Housing prices keep soaring, up 15% from last year

DANIELLE NAGLER and RICKY BEN-DAVID, 4/21/2022 12:00:00 AM

Prices for homes reach new highs as government hopes for market to ‘moderate’; investor activity drops Housing prices in Israel rose by 15.2% between January and February 2021 and the corresponding period this year, marking a sharp 12-month climb in an already brutal housing market defined by...

Kempinski opens Tel Aviv's first super-deluxe hotel

Michal Raz-Chaimovitz, 3/23/2022 12:00:00 AM

Yesterday, after eight years of construction, luxury hotels group Kempinski and Henry Taic's Nahal Group inaugurated the David Hotel Kempinski Tel Aviv, the eightieth hotel of the chain that was founded 125 years ago. The hotel is at 51 Hayarkon Street, on Tel Aviv's seafront. The hotel is 34 floors...

Bank of Israel sees no drop in home prices

Arik Mirovsky, 2/14/2022 12:00:00 AM

The Bank of Israel does not foresee any fall in home prices, while rents are expected to rise, according to the bank's Financial Stability Report for the second half of 2021. The report says that the slowdown in land sales by the Israel Land Authority in 2020 will result in a decline in construction...

Record new housing sales in Israel in 2021

Arik Mirovsky, 2/14/2022 12:00:00 AM

More than 56,000 new homes were sold in Israel in 2021, up 37% from 2020, and a new record, according to the latest survey published by the Central Bureau of Statistics. One third of the new homes were in Tel Aviv, Ashkelon, Jerusalem, Bat Yam, Netanya and Modi'in. This is the first major real...

Dubai’s LuxuryProperty.com will market Israel’s first Kempinski residences

Gulf News Report , 2/4/2022 12:00:00 AM

David Kempinski Tel Aviv is the hotel brand’s first in the country. Dubai: The Israeli capital Tel Aviv is welcoming its first Kempinski hotel and residences, with the latter expected to generate serious interest from wealthy investors. The David Kempinski Tel Aviv has a beachfront location, with...

Tel Aviv's Allenby Street set for revival

Guy Nardi, 1/25/2022 12:00:00 AM

Allenby Street was once Tel Aviv's most important thoroughfare. Over the years its fortunes have waned, until it reached its current situation - a noisy main road packed with buses and neglected buildings, struggling businesses, and pollution. And yet, according to a recent survey conducted by the...

Home prices post double-digit twelve-month rise

Guy Ben Simon , 12/15/2021 12:00:00 AM

Home prices rose 10.3% in the twelve months to the end of October, while the CPI fell slightly in November. Housing prices in Israel rose by 10.3% over the twelve months to the end of October, according to figures released by the Central Bureau of Statistics today. This is the biggest twelve-month...

Tel Aviv has risen five places to replace Paris at the top the Economist Intelligence Unit's Worldwide Cost of Living rankings.

Globes correspondent, 12/1/2021 12:00:00 AM

Tel Aviv is the most expensive city in the world, according to "The Economist". Tel Aviv is ahead of Paris, Zurich, Hong Kong, and New York, and for the first time heads the list of the world's most expensive places to live, after being ranked fifth last year. The reason for the dubious honor is in...

The David Kempinski Tel Aviv opens February 2022

CPP-LUXURY, 10/31/2021 12:00:00 AM

Kempinski hotels announces the long-anticipated opening of The David Kempinski Tel Aviv, the luxury hospitality brand’s 80th global opening and first property in Israel. Housed in the newest skyscraper erected along the city’s iconic Mediterranean Sea promenade, the...

Unprecedented boom in Israel's luxury housing market

Dafna Bramly-Golan, 4/4/2021 12:00:00 AM

Israel's real estate market continues to flourish despite the Covid-19 crisis, including the high-end luxury market. The Israel Tax Authority site shows that there have been many real estate deals over the past year for NIS 30 million and more, mainly apartments purchased by Jews living abroad. Real...

Tel Aviv seafront penthouse sold for NIS 108m

Dafna Bramly-Golan, 4/1/2021 12:00:00 AM

Two months ago a huge deal was signed for a penthouse in the David Promenade Residences at 51 Hayarkon Street, overlooking Tel Aviv seafront, a source close to the deal has informed "Globes." The deal has yet to be listed by the Israel Tax Authority. The penthouse apartment on one of the project's...

Overseas demand for Israeli homes rising 'through the roof'

ZEV STUB , 3/11/2021 12:00:00 AM

"While American Jews once looked at having a home in Israel as luxury, or a nice thing to have for the holidays, it is now seen as a necessity for those who can afford to purchase one," Shapiro said. Demand for Israeli homes from overseas buyers has gone “through the roof,” said Tzvi Shapiro,...

HaMesila Park is open to the public

, 10/10/2020 12:00:00 AM

Along the route of the old Ottoman railway, the first section of a new urban park was opened to the public: the Tel Aviv-Yafo Railway Park (or in Hebrew: Park HaMesila). The park will be fully opened during 2021, and will connect Nahalat Binyamin and Herzl Street to the beach. The first section,...

5 start-up hubs to watch – beyond Silicon Valley

Saemoon Yoon, 10/8/2020 12:00:00 AM

Start-ups were once synonymous with Silicon Valley or London - but that's no longer the case. Here we look at five emerging global start-up hotspots, and ask which factors make each one so attractive to today's tech entrepreneurs. COVID-19 has upended the world and our global society at a pace and...

Tel Aviv ranked among top-5 most artistic cities in the world to visit

ZACHARY KEYSER , 10/1/2020 12:00:00 AM

"This historic Israeli city is filled with creativity, boasting more than five art galleries per square mile and UNESCO recognized architecture." Tel Aviv has been named the fifth-most creative city in the world, only behind Paris, Barcelona, Dublin and London, according to research conducted by...

Group of Nefesh B’Nefesh Olim land as interest in Aliyah reaches record numbers

Arutz Sheva Staff , 7/8/2020 12:00:00 AM

Nefesh B'Nefesh Aliyah flight lands at Ben Gurion this morning, signaling a wave of hundreds of new immigrants expected in coming months. 38 Olim landed this morning as part of a Nefesh B’Nefesh Group Aliyah Flight, in cooperation with the Ministry of Aliyah and Integration, The Jewish Agency for...

City leaders plan to position Tel Aviv as one of the world's "most popular urban destinations" by 2030.

Eytan Halon , 2/8/2020 12:00:00 AM

The Tel Aviv-Yafo Municipality published its first tourism “master plan” on Thursday, aiming to position the vibrant coastal city as one of the world’s “most popular urban destinations” by 2030. Building on a record-breaking year for tourism in the city in 2019, the decade-long strategic plan...

Google: Tel Aviv trending as top 5 tourist city

Simon Griver, 1/10/2020 12:00:00 AM

Google: According to global hotel search data, people from around the world are interested in traveling to these destinations in 2020. Google has said that Tel Aviv is trending as the fifth most popular city in searches for hotel data. Google director travel product management Andrew Silverman...

8 great reasons to visit Israel now

Shelley Zuckerman , 1/1/2020 12:00:00 AM

Feeling like you’ve caught the travel bug this winter? If you’re looking for somewhere to travel and haven’t considered Israel yet, it’s time to start. Here are eight reasons for you to join a record-breaking number of incoming tourists looking to experience Israel and all it has to offer. Israel...

The Top 20 Destinations For 2020

Forbes Travel Guide , 12/13/2019 12:00:00 AM

If you look hard enough, you can find something enticing about nearly every city on the map. But that’s the great thing about the 20 places on this list—the calendars are so full in these buzzing metropolises over the next 12 months that you won’t have to do much searching at all. From one of the...

Tel Aviv neighborhood ranked among world's coolest

Simon Griver, 9/18/2019 12:00:00 AM

"Time Out" has ranked the world's 50 coolest neighborhoods. In 15th place is Tel Aviv's Kerem Hataimanim and Shuk Hacarmel (the Yemenite Quarter and Carmel Market). "Time Out" describes the Yemenite Quarter as, "a progressive hotbed of sun-chapped surfers, strolling Filipino caretakers,...

Research finds Israel has world's healthiest diet

Globes, Israel business news, 4/4/2019 12:00:00 AM

Research carried out by Dr Christopher Murray, Director of the Institute for Health Metrics and Evaluation, University of Washington in the US has found that Israel has the world's healthiest diet, or to be more precise, the world's least unhealthy diet. The results of the study entitled the 'Global...

Israel’s Sheba Medical Center Named Among ’10 Best Hospitals In the World

NoCamels Team, 3/21/2019 12:00:00 AM

Israel’s Sheba Medical Center, the largest hospital in the country, has been named among the 10 best hospitals in the world by Newsweek magazine. Coming in at number 10, Newsweek said the Sheba Medical Center, also known as the Tel HaShomer Hospital in Ramat Gan just outside Tel Aviv, “is a leader...

Israel Tax Authority revises residence purchase tax rates

Globes, 1/17/2019 12:00:00 AM

The Israel Tax Authority has adjusted the purchase tax rates for housing according to the rate of increase in the relevant price indices published on Tuesday, which rose 1.9% in 2018. The result of this adjustment is a decrease in purchase tax on homes. The minimum threshold for this tax is now NIS...

Trends in 2019

Jetty Slasky, interior designer, 1/1/2019 12:00:00 AM

Trends in 2019 2019 is here, so this seems like a good moment to reflect and anticipate where design is going. In the coming year, there will be a lot of emphasis on details and layers in design. Interiors will be less serious, more fun. It is all glamorous wallpapers or feature walls, velvet...

Global super-rich bought 153 homes for at least £20m each in past year

Rupert Neate, The Gardian, 12/10/2018 12:00:00 AM

Highest number of sales in Hong Kong as London’s ultra-prime housing market slips amid Brexit concerns More than 150 homes around the world changed hands for more than £20m ($25m) each in the past year, as the “relentless creation of private wealth” fuelled the global ultra-prime housing market. The...

Tel Aviv in top 10 of millionaires per sq-mile

Globes, Israel business news , 11/22/2018 12:00:00 AM

Tel Aviv was ranked sixth, ahead of New York and London, according to electronics giant RS, based on the Knight Frank wealth report. Tel Aviv is in the top ten of the world's cities in terms of the number of millionaires per square mile according to rankings calculated by UK electronics components...

Tel Aviv ranked in Top 10 most hedonistic cities in the world!

Ashley, 11/4/2018 12:00:00 AM

Tel Aviv is regularly ranked as one of the most happening cities in the world these days, so it comes as no surprise (to those of us who know and love Tel Aviv and all that she has to offer) that the Lonely Planet have named Tel Aviv as one of the Top 10 hedonistic cities in the world. It was only a...

5 super-tall skyscrapers coming soon to Tel Aviv

Abigail Klein Leichman, 7/2/2018 12:00:00 AM

Reaching from 28 stories to 100 stories, these Tel Aviv towers will create a new look for the skyline of the Nonstop City. The skyline of Tel Aviv is punctuated by many gleaming high-rises offering a view of the sea. If you gaze across the horizon, you’ll also see the cranes of construction crews...

New Survey: 88 Percent of Israelis Happy With Their Lives

Benjamin Kerstein, 6/27/2018 12:00:00 AM

Complaining often seems like Israel’s national pastime, but a new government survey shows that, in fact, 88% of Israelis are happy and satisfied with their lives. The Hebrew news site Walla reported that the results of a wide-ranging survey conducted by Israel’s Central Bureau of Statistics, which...

Inside one of the Mediterranean's most beautiful penthouses

Benyamin Cohen, 6/27/2018 12:00:00 AM

This luxurious, jaw-dropping Tel Aviv home will stop you in your tracks – and it's up for sale! They say the housing market is hot in the summer. People are often switching jobs, moving to new cities and up for travel of any kind. Well, if purchasing a new home is on your to-do list, may we humbly...

Tel Aviv Tech Hub May Be Small, But It Leads with Large Exits, Report Says

Calcalist Tech , 6/26/2018 12:00:00 AM

A new report by research firm CB Insights says that among the world’s six heavyweight tech hubs, Tel Aviv has the lowest number, highest quality of deals. One of the world’s heavyweight tech hubs despite its small size, Tel Aviv punches above its weight in terms of tech investment, mergers, and...

Why is Tel Aviv one of the best cities in the world

tlvnights , 5/29/2018 12:00:00 AM

What makes a city great? Many will argue that it’s hard to determine what are the exact parameters to establish that, but we are going to use our extensive traveling background and try to specify why Tel Aviv should be in one list with the top rated cities in the world. Weather – Being located in...

Why Tel Aviv is a city you must visit in your lifetime

Jaime Bender , 5/7/2018 12:00:00 AM

Architectural Digest, Conde Nast and other major pubs can't stop raving about the Mediterranean seaside metropolis. With its dazzling architecture, pristine beaches, charming boutiques, amazing cuisine and near-perfect weather, it's no surprise that the Israeli city of Tel Aviv is atop many a bucket...

Israel ranked as one of the world’s most powerful and innovative countries

Jewish News Syndicate , 1/24/2018 12:00:00 AM

Israel has been ranked among the top 10 most powerful and innovative countries in the world in two separate surveys published this week by major American media outlets. In its survey of the world’s most powerful countries, U.S. News and World Report ranked Israel as the 8th-most-powerful nation...

8,000 new homes planned for Tel Aviv

Globes [online], Israel Business News, 1/1/2018 12:00:00 AM

The Tel Aviv District Planning and Building Commission in the Planning Administration today granted final approval to a plan in the third precinct in Tel Aviv-Jaffa. Commission chairperson Daniela Posek signed the authorization validating the plan. The plan, the first signed in 2018, has been...

The 10 (+1) Best Jazz Clubs in the World

NIKOS FOTAKIS, 12/22/2017 12:00:00 AM

What makes a jazz club? The music, of course. The atmosphere. The cultural significance. As an art form born in African-American communities of the 19th century and expanded in the urban melting pots of the 20th, jazz is the soundtrack of the concrete jungle. Which makes the jazz club an essential...

The world's top 10 party towns

, 12/22/2017 12:00:00 AM

Looking to tread terrain still untouched by foreign stag expeditions? Want to unwind in luxury or drink up the sun? Lonely Planet lists the world's top 10 party cities in its new guide, the 1000 Ultimate Experiences. 1. Belgrade, Serbia The long years of bad press that kept Serbia off the map have...

Government sets 24-year housing target

Globes , 2/13/2017 12:00:00 AM

The housing cabinet has approved a construction target of 1.5 million new housing units by 2040. The housing cabinet, led by Minister of Finance Moshe Kahlon, today approved a strategic housing plan designed to provide a solution for Israel's housing needs until 2040. The plan sets a target of 1.5...

Closest to the Shore

Joel Tzafrir, 12/8/2016 12:00:00 AM

Demand for central Tel Aviv beachfront luxury apartments continues its steady rise. Both the scarce supply of real estate and attractiveness of the city provide an explanation for prices approaching those of the world's most expensive residentialmarkets. Real estate expert Eyal Hartogs explains why...

Tel Aviv's Diaghilev Hotel joins the hottest global art trend

Globes Online , 11/6/2016 12:00:00 AM

At first glance, the Diaghilev Live Art Boutique Hotel, situated on Tel Aviv's Mazeh Street, resembles a typical Tel Aviv museum or gallery. 600 art pieces by 40 Israeli artists adorn the hotel's public spaces, while each room displays a unique art piece - which you may come to appreciate during you...

The do's and don'ts of interior design

Yetti Slasky, Interior Design and Home Styling, 10/2/2016 12:00:00 AM

It happens to everyone— you are shopping and see the perfect home decor accessory. Immediately you think, Oh! This will look fabulous in my house! Of course, you give in to the impulse-buy and excitedly bring home your newfound treasure— only to discover that what looked like the ideal accessory...

Tel Aviv in Forbes list of most beautiful destinations

Ynet, 9/26/2016 12:00:00 AM

The international finance magazine listed Tel Aviv in 15th place; 'Tel Aviv's main strength is not necessarily cafes and restaurants, but people who love the good life.' International financial magazine Forbes ranked Tel Aviv as one of the 20 most beautiful destinations in the world. According to...

Get To Know Tel Aviv: 3 Things Not To Miss In Israel's Coolest City

Breanna Wilson , 7/8/2016 12:00:00 AM

It’s a bold statement but someone has to make it – Tel Aviv is the destination of the year. Attracting travelers of all types – trendsetting millennials, digital nomads, seasoned travelers and even first-time adventurers – Tel Aviv is one of those places that has its own unique thing going on, yet...

Apartments outstrip houses in Israel’s luxury market

Dror Marmor, 5/17/2016 12:00:00 AM

Some 115 luxury apartments were sold in Israel in 2015 for at least NIS 10 million, while only 16 houses sold for at least that price – suggesting a reversal in the demand by wealthy Israelis, who now desire luxury units rather than private houses with gardens. The figures were gathered in research...

The Ultimate Guide to Tel Aviv

Becky , 1/30/2016 12:00:00 AM

Red umbrellas, beachside bars and restaurants line the white sands of the Mediterranean. Tanned, young Tel Avivian men purposefully hit their paddleball in the direction of the topless sunbathers. Tunes blast chaotically from countless different speakers—a muddled mash-up of Arabic, Hebrew and...

Tel Aviv's Norman Hotel: World's best boutique hotel

Published by Globes [online], 12/20/2015 12:00:00 AM

The Israeli hotel, opened only last year, was selected as the world's best boutique hotel by two organizations.Tel Aviv's Norman Hotel has been named the best boutique hotel in the world, ahead of renowned establishments like the Shangri-La in Paris and chain hotels like Four Seasons and One and...

High-Tech Sector Draws Diverse Expats to Tel Aviv

SARA TOTH STUB, wsj.com, 11/17/2015 12:00:00 AM

TEL AVIV—When Curtis Peterson found himself single in Tel Aviv, having first moved to the city to be with his Israeli partner, it didn’t occur to him to go back home to New York. Rather, the international development specialist sought to stay and work at a high-tech startup. The decision was not a...

Why the World's Best Vegetarian Food Is in Tel Aviv

Raphael Kadushin, 11/10/2015 12:00:00 AM

An impressive wave of vegetable-centric restaurants are taking Israel's biggest city by storm. How did Israel’s trend-setting city become a herbivore smorgasbord? Start with the abundance of raw material, the gleaming pyramids of eggplants, peppers, and cabbage heaped like pinups at the city’s...

What are the world's healthiest countries?

Jamie Bender , 11/2/2015 12:00:00 AM

When it comes to better health, we should all be looking east. Far east, to be precise. Singapore, a bustling yet small island nation in Southeast Asia that boasts breathtaking architecture and a flourishing manufacturing industry, has been named the world's healthiest country in a ranking by...

Tel Aviv Bar Imperial Craft Named Among World's Top 20 Bars

Liz Steinberg | , 10/9/2015 12:00:00 AM

The local establishment broke into the World’s 50 Best Bars list for the first time this year, making its debut at a high-placed 17th. Tel Aviv’s Imperial Craft Cocktail Bar was voted among the world’s top 20 bars at the World’s 50 Best Bar Awards late last night. Last year, Imperial Craft was...

The Rise and Rise of Israeli Apartment Prices

Nimrod Bousso and Arik Mirovsky, haaretz.com, 9/28/2015 12:00:00 AM

TheMarker looks at the neighborhoods with the biggest and smallest price rises over the past eight years in Israel's three biggest cities.Read more

Tel Aviv’s Real-Estate Boom Powered by Tech Startups

By RUTH BLOOMFIELD, WALL STREET JOURNAL, 9/12/2015 12:00:00 AM

Wealthy Israelis have long bought property in cosmopolitan Tel Aviv, but young tech entrepreneurs are snapping up property there, tooTo full article press here

Tel Aviv nightlife: where to party in Israel

By SARAH REID, LONELYPALNET, 9/9/2015 12:00:00 AM

With its sultry Mediterranean climate, seaside location, hedonistic vibe and young, international population, it’s no surprise Tel Aviv is known as the party capital of the Middle East. Any great evening here should start at a beach bar around sunset – a cold beer on your lips, toes pushing into...

Tel Aviv's Sarona market opens

Globes [online], Israel business news, 7/28/2015 12:00:00 AM

The 8,700-sq.m. indoor culinary market will contain 89 carefully selected businesses.Four years after the founding of the Sarona market was announced at an investment of NIS 530 million, Gindi Holdings today opened the culinary market in Tel Aviv's Sarona district, the former German Templer...

Changes in Purchase Tax for Purchasing an Additional Residential Apartment in Israel

www.lawfirmwolf.com, 6/23/2015 12:00:00 AM

On June 22, 2015, the Knesset approved a decision to completely change the tax brackets for purchases of an additional residential apartment in Israel for Israeli residents (including foreign residents purchasing an apartment in Israel) for the next 5 years.This is yet another way to encourage...

Israeli house prices rising faster and faster

www.globalpropertyguide.com/, 5/15/2015 12:00:00 AM

The average price of owner-occupied dwellings in Israel rose by 8.45% during 2014, to ILS 1,352,800 (US$ 349,379). House-price growth picked up strongly from earlier price rises of 5.94% year-on-year (y-o-y) to Q3, 6.84% to Q2, and 4.42% to Q1, according to the Central Bureau of Statistics...

Lonely Planet's top 10 cities for 2011

Lonely Planet, 10/31/2010 12:00:00 AM

Who doesn't love a city? Lonely Planet has scoured the globe for next year's hottest cities. Our top picks show that a city doesn't need to be a heaving metropolis to get on the list. Then again, sometimes it helps. One of our favourites is the world's largest city that cannot be reached by road....

Land Registration and Settlement of Rights Department

www.justice.gov.il/, 1/1/0001 12:00:00 AM

The Land Registration and Settlement of Rights Department includes three main spheres of activity. Land RegistrationThere are nine Land Registration Offices, in Jerusalem, Tel Aviv, Haifa, Petach-Tikva, Nazareth, Netanya, Beersheba, Holon and Rehovot, two extension branches in Hadera and in Acre....

Tel Aviv is Israel Cultural Center and where everything that matters happens

www.telaviv4fun.com/, 1/1/0001 12:00:00 AM

Visual ArtTel Aviv Museum of Art the shrine of Tel Aviv art,27 Shaul Hamelech street Tel 03-6961297 Helena Rubinstein Pavilion for contemporary art near Habima is connected to Tel Aviv Museum of Art and you can visit both in one ticket Art galleries - many are located on Gordon Street or in the...