Pictures of Tel Aviv Skyline, August 2009

North view of Tel Aviv skyline. Reading power station smokestack on the left. Phoenix tower on Tel Aviv - Givatayim border in the center. Aviv tower in Ramat Gan (Elite crossing) on the right.

One sign of Israel's economic growth is the city's skyline literally rising from year to year. Tel Aviv commercial and residential real estate values have been rising steadily over the years. With little open space in the city center, the only place to go is up. Old buildings are demolished to make space for taller new buildings. Tel Aviv has a few signature buildings like the Azrieli center (3 buildings pictured below). Many of the new buildings are designed in traditional modern styles. Glass, aluminum and some stone is used in high rise buildings. The use of new materials in high rise office buildings is a skill Tel Aviv architects are known for. The graph in the bottom is Tel Aviv stock exchange 15 Real Estate index (NADLAN15). Notice the rise, fall and again rise of the index the last five years.


A top view of Azrieli towers. One triangle (left), one round and one square. Top of the square building housed the hotel Crown Plaza. The complex sits at the Ayalon highway and has a train station for easy access
Tel Aviv Real Estate 15 Index. The last five years the index has risen, fell and is rising again since mid-2008. The real estate companies have not enjoyed the stability of the actual market in Tel Aviv.

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