London, New York, Paris…and The Gaza Strip

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London, New York, Paris…and The Gaza Strip

Apparently some areas in The Gaza Strip are in good company.

According to the article published on Arabic news website,, entitled “In Central Gaza $20,000 a Square Meter” the price for buying a piece of property on Gaza City’s main street, Omar Almukhtar – as the article’s title suggests – could cost you as much as $20,000 a square-meter.

The price for one square-meter in the Jabalyah Refugee Camp on the coast could go up to $18,000.

These prices resemble the prices of properties in major cities in the West.

Please don’t misunderstand me – most people in the Gaza Strip struggle financially.  However, there are millionaires in The Gaza Strip.  Some one to two hundred people connected to the Hamas government make $1,000,000 a month. Their income source is the tunnels industry.  These people, according to one Palestinian analyst, encourage continuing rocket launches on Israeli cities and communities because from their perspective, instability and tension is good for business.

Here is the link to the original article

For more on what makes Gazans rich please read my article Hamas’ Kingdom of Crime

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Avi Melamed
Avi Melamed
Avi Melamed is an expert on current affairs in the Arab & Muslim World and their impact on Israel & the Middle East. A former Israeli Intelligence Official & Senior Official on Arab Affairs, Fluent in Arabic, English, and Hebrew, he has held high-risk Government, Senior Advisory, Intelligence & Counter-Terrorist intelligence positions in Arab cities & communities - often in very sensitive times - on behalf of Israeli Government agencies. He is the Founder & CEO of Inside the Middle East | Intelligence Perspectives - an apolitical non-partisan curriculum using intelligence methodology to examine the Middle East. As an Author, Educator, Expert, and Strategic Intelligence Analyst, Avi provides Intelligence Analysis, Briefings, and Geopolitical Tours to diplomats, Israeli and foreign policymakers, global media outlets, and a wide variety of international businesses, organizations, and private clients on a range of Israel and Middle East Affairs.

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