Makkah has an absolute advantage that makes it at the forefront of investment demand by thousands of investors in the Kingdom and abroad. The existence of the Grand Mosque in Makkah is a refuge for Muslims around the world. Real estate investment in Makkah Al-Mukarramah is distinguished from others for several reasons, including: –
First: It is mentioned that the increasing real estate development in Makkah accounts for more than 40% of the development, as investment in real estate has for many years been at the forefront of Saudi private investments before the stock market and banknotes emerged, and now it is coming back strongly because it is the safest way than others.
Second: Targeting the visit of 30 million pilgrims and Umrah performers in Vision 2030, making all development projects seek to serve this noble goal of presenting the holy capital in the most appropriate fashion for its religious and cultural position in the world, and raising the level of desire to invest in the safest city on earth.
This vision had the merit of increasing the demand for real estate investment, due to the permanent existence of financial liquidity, considering Makkah Al-Mukarramah as the destination of Muslims in the world, where more than 15 million pilgrims have visited it annually so far.
Third: The long-term return on investment in Makkah Al-Mukarramah is more secure than any city in the world.
Fourth: The Kingdom’s leadership’s endeavor to facilitate access to services for visitors to the Sacred Country and ease of movement between the Grand Mosque and the neighborhoods of Makkah around it, by establishing many circular roads to serve pilgrims and Umrah performers in a more flexible manner.
Fifthly: The distribution of population density on the neighborhoods of Makkah around the Haram made visitors to the Great Mosque of Mecca enjoy more flexibility in moving between the Haram and the rituals, which prompted the developers
Real estate developers focus on construction and building in the areas closest to services and the main gathering points for pilgrims and Umrah performers.
Sixth: Real estate developers ’knowledge of the specifications of the Tourism Authority and its keenness to provide comfort and luxury to visitors to the Sacred House of God, and flexible communication with the raft companies and their requirements to make many hotel buildings available for investment better than before.
Seventh: The diversity of investment methods, whether through full direct ownership or the time share system, a number of opportunities for investors to choose the method that suits them to save and develop their money and obtain quick investment returns.
For these and other reasons, McKion offers more real estate solutions within Makkah Al-Mukarramah, as it has provided over twenty years about twenty-two projects that included 5716 housing units within the boundary of the Great Mosque of Mecca, and it always seeks to establish many hotel buildings that serve the visitors of the Holy House and benefit the investors, so it has established several styles. Residential, as if the most prominent investment hotels were the total capacity to accommodate the pilgrims and Umrah performers of 10 thousand pilgrims.
Investment in Makkah Al-Karma is a guarantee of return, reassurance of the investor, a service for visitors to the Sacred House of God
The house of piety, from which Muhammad came **, and the holy source rises from it
And the book of my Lord has shone its verses ** In the seat of glory, a light shining
A country to which every good belongs ** and the mighty ruler from it is forbidden
His Excellency the Minister of Housing Majid bin Abdullah Al-Hogail honored Makion Urban Developers with the award for the best