Not billionaires. Not high-tech people with an exit. Ordinary people — employees, self-employed, aged 35-55 — who decided they weren't waiting anymore for real estate in Israel to be within reach again.
**What made them move:**
* In Israel, you need 2-3 million shekels to enter the market. In Dubai — starting from 650,000 NIS - and initial equity of 150,000 NIS.
* In Israel, rental yield barely covers the mortgage. In Dubai, the property finances itself.
* In Israel, purchase tax, capital gains tax, property tax. In Dubai — no capital gains tax, no annual property tax.
* In Israel, bureaucracy and uncertainty. In Dubai — a regulated market, with clear rules for foreign investors.
*They didn't leave Israel. They just stopped waiting for Israel to wait for them back.*