Neve Sharret

Neve Sharet was populated at first by North African immigrants, and like most neighborhoods that were founded in former maabarot was mainly working class and low income. Beginning in the 1970s, the neighbourhood began a process of gentrification beginning with Prime Minister Menachem Begin's Shikum Schunot urban renewal project. Due to its location near the Atidim high tech park and the building of a country club, beginning in the 2000's there has been a steep increase in construction and an influx of more affluent residents from the surrounding North Tel-Aviv neighborhoods.[3] Today it is populated by its original inhabitants and their children, along with professionals and high tech workers who are new to the neighborhood and it is beginning to take up the look of its surrounding areas. But, as in many gentrifying neighborhoods, many of the older residents are displaced by newer residents due to rising housing costs.[4]

Neve Sharet is situated right next to the Atidim high tech park which has a bus terminal with bus lines that serve the majority of the Tel Aviv Metropolitan Area. A station on the Green Line of the Tel Aviv Light Rail is planned to be constructed in the coming years.[5]

Neve Sharet's population consists of descendants of the immigrants who moved there in the 1950s and '60s, the newer residents, and the Gur Chassidic group which has a community of about a thousand people in the neighborhood. [6] Its population is 7,200.