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Tel Aviv. Renowned regional hub of high-tech and hedonism Photo: Hila Tov
Tel Aviv. Renowned regional hub of high-tech and hedonism Photo: Hila Tov
 
 

Tel Aviv is Middle East’s priciest city

According to ECA International, Israeli metropolis fell from 32nd most expensive place in the world to 45th place since last year, but still ranks as priciest place in Middle East

jn1.tv
Published: 12.22.12, 07:55 / Israel Business

VIDEO – While Dubai perhaps holds the distinction as the Middle East’s most ostentatious city with its massive skyscrapers and endless shopping malls, a new survey has found that Tel Aviv is the region’s most expensive.

 

Video courtesy of jn1.tv

 

According to ECA International, Tel Aviv fell from 32nd most expensive place to live in the world to 45th place since last year, but still ranked as the priciest place in the Middle East.

 

What’s fuelling the city’s high prices? Observers point to its position as a renowned regional hub of high-tech and hedonism. A powerhouse for technology companies like Google, it is also an ever-popular destination for tourists seeking the escapism of its eclectic nightlife scene.

 

 

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