Seven of the 10 most expensive neighborhoods in Israel are located in Tel Aviv, according to an analysis conducted for Channel 12 News broadcast on Friday.
Two neighborhoods are located in the city of Ramat Hasharon, north of Tel Aviv, and one is in Jerusalem.
The ranking is based on the median price for property from 2023 through today.
• The Eshkol quarter, or Rainbow Tel Aviv, tops the list with a median price of $2.2 million per property. It is one of three residential areas being built in the city’s north. The project’s website states: “The complex is built on the grounds of what used to be the Sde Dov Airfield, close to the lush parks, bustling recreation centers and the main arteries of Tel Aviv and the Dan metropolitan area.”
• Next on the list is Tel Aviv’s southwestern neighborhood of Neve Tzedek, the first Jewish neighborhood that was built outside of Jaffa. The median price for a property in Neve Tzedek stands at $2.1 million.
• The Nofei Yam (Sea Views) and Kochav HaTzafon (North Star) neighborhoods in northern Tel Aviv ranked third and fourth, with a median price of $1.97 million and $1.86 respectively.
• Ezorei Hen, also in northwestern Tel Aviv, came in fifth with a median price for a property of $1.8 million. It is home to about 3,000 residents, mostly in buildings of eight to 12 floors.
• Tel Aviv’s Bavli neighborhood in the center-north of the city abuts the Yarkon River’s south bank and the western side of Yarkon Park. The median price for a property is $1.7 million.
• Kiryat Ye’arim in Ramat Hasharon came in seventh, at the median price of $1.61 million.
• Eighth place was reserved for another Tel Aviv neighborhood, Park Tzameret. The relatively new quarter consisting of 12 luxurious high-rise apartment complexes registered a median price of $1.57 million, according to Channel 12.
• Next on the list were the Mamilla neighborhood in the capital and the Neve Gan neighborhood in Ramat Hasharon, each with the median price of $1.56 million.
Mamilla is a luxurious modern-historic neighborhood that connects the Old City to the city center. Israeli-Canadian-American architect Moshe Safdie developed the plans for the neighborhood, transforming a largely abandoned and poverty-stricken area to the tourist-popular destination it is today.
