The neighborhood was built in the 19th century as a commercial area on the outskirts of Jaffa's Old City and served as a Crusader group but was demolished and rebuilt during the Ottoman period during the British Mandate. in the year 2001 Initiated by the Tel Aviv Municipality and the Ministry of Tourism a plan for the rehabilitation and preservation of the market and a long-term plan of urban resuscitation of the area. At the same time, galleries and studio rooms of artists were opened in the complex, Cool restaurants and bars and alongside old-fashioned apartments were built and new high-level projects are being built in the neighborhood. As a result, there is an increase in demand for apartment purchases in the area, As part of a more general phenomenon of purchasing apartments in places considered a picturesque residential environment.
The well-known tourist magazine "Time Out" published on Sept. 2018 List of 50 The coolest neighborhoods in the world ranked the flea market 16th, on the grounds: "Jaffa explodes from a spectacular combination of old and new" Of course there is no need to add that we certainly agree on this.