15 Hrs
Source:
الاقتصادية
Global Reservations Boost Makkah Real Estate
The real estate sector in Makkah experienced a remarkable surge, with initial bookings approaching 670 million Riyals during the launch day of the "Mesar Corner" project, involving clients from 51 countries around the world. This international interest reflects a growing demand for real estate investments in the city, driven by regulatory developments that now permit foreigners to own properties in designated areas, thereby broadening the investor base and diversifying the demand. The project consists of two towers offering 541 residential, commercial, and service units, with completion and handover expected by 2029. It is part of a larger development plan aimed at connecting the central area with the Grand Mosque and the Holy Sites, along with increasing real estate investments and urban development in Makkah, capitalizing on the city's status as a religious center and its dynamic investment environment.
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