Is Gush Katif only worth $56M???

An Arab billionaire reportedly offered to buy Israeli settlements in the Gaza Strip.

Mohamed Ali Al-Abbar, chairman of the Dubai-based real-estate conglomerate Emaar, offered Israel $56 million for the Gush Katif settlement bloc, which is to be evacuated this summer, Channel Two television said Thursday. Prime Minister Ariel Sharon has said the Gaza settlements will be razed after the withdrawal. But according to Ha’aretz, Vice Prime Minister Shimon Peres has urged Sharon to consider Abbar’s proposal.