About the area:
Tel Aviv-Yafo, usually referred to as Tel Aviv, is the second-largest city in Israel, with an estimated population of 393,900. The city is situated on the Israeli Mediterranean coastline, with a land area of 51.8 square kilometres (20.0 sq mi). It is the largest and most populous city in the metropolitan area of Gush Dan, home to 3.2 million people as of 2008. The city is governed by the Tel Aviv-Yafo municipality, headed by Ron Huldai.
Tel Aviv was founded in 1909 on the outskirts of the ancient port city of Jaffa The growth of Tel Aviv soon outpaced Jaffa, which was largely Arab at the time. Tel Aviv and Jaffa were merged into a single municipality in 1950, two years after the establishment of the State of Israel. Tel Aviv's White City, designated a UNESCO World Heritage Site in 2003, comprises the world's largest concentration of Modernist-style buildings.
Tel Aviv is classified as a beta+ world city, being a major economic hub and the richest city in Israel, home to the Tel Aviv Stock Exchange and many corporate offices and research and development centers. Its beaches, bars, cafés, restaurants, upscale shopping, great weather and cosmopolitan lifestyle have led to it being a popular tourist destination for domestic and overseas visitors alike, and has given it its reputation as "a city that never sleeps".
It is the country's financial capital and a major performing arts and business center. Tel Aviv's urban area is the Middle East's second biggest city economy, and is ranked 42nd among global cities by Foreign Policy's 2008 Global Cities Index. It is also the most expensive city in the region, and 17th most expensive city in the world. New York-based writer and editor David Kaufman called it the "Mediterranean’s New Capital of Cool".