

Arbat Street is one of the most tourist crowded street in Moscow. Arbat is walking street, no cars are here. There are a lot of souvenirs shops. Arbat is Arabic word means suburb. In 15th century Arbat was a suburb for Moscow Kremlin, in those days Krimlin was the City. Now Arbat is in the center of Moscow, its about 20 minutes walking distance from Kremlin. In those times merchants from East stay here during their visits to Moscow. In 16-17th centuries there lives craftsmen. But in 18-19 Arbat became the most popular place to live for Russian nobles. Now its one of the most prestigious place in Moscow. Price for real estate in Arbat are starting from $7000 for square metre. One bedroom apartment in old house will cost you appr. a quarter of a million US dollars.
At the end of 20th century, after the Soviet Union dissolution, the near by street Kalininsky Prospect was renamed to Novy Arbat (New Arbat). And Arbat was renamed to Stary Arbat (Old Arbat). Novy Arbat is famous for casinos and Moscow Dom Knigi (Moscow Book Shop). At the end of Arbat Street located building of the Ministry for Foreign Affairs (MID).
Arbat is also the street of restaurants and bars. Most of them are very expensive. But Arbat has a lot of budget places, like McDonald's, Mu-Mu, Sbarro, etc.