RIYADH: The figure of real estate offices in the Makkah Al-Mukarramah area gushed by about a third in the previous year, as the figure of deals raised and work on some of the city’s biggest projects kept pace in spite of the challenges posed by the coronavirus disease (COVID-19)pandemic.
The figure of real estate offices in Makkah touched 154 in 2020, a 32.76 percent more from the 116 recorded at the end of 2019.
The rise in manpower comes as figures from the Ministry of Justice provided that the total cost of real estate deals during 2020 in Makkah cost to SR 901.48 million ($240.39 million).
This was a rise of 4.31 percent in comparison to the SR 864.24 million in deals registered in 2019.
The number of real estate transactions in the whole Kingdom a year ago added up to 277,924 arrangements, of which 9,333 — or 3.36 percent — were in Makkah.
The expanded activity is a consequence of the government’s Vision 2030 activities, among which is the objective to host a greater number of Umrah pilgrims from abroad — explicitly 30 million by 2030.
Work is in progress on various prominent activities in Makkah Al-Mukarramah to accommodate this increase in pioneers and to raise the personal satisfaction for occupants.
The most noticeable of Makkah’s advancements in the Thakher Makkah project, which is viewed as one of the Kingdom’s biggest land projects. The land space of the project adds up to 320,000 square meters, while the developed region is around 3.4 million square meters.
Thakher Makkah comprises 85 inn towers, 10 hotel apartment towers, and eight residential towers, obliging around 200,000 visitors. The undertaking is recognized by its proximity to the Holy Mosque in Makkah Al-Mukarramah, which is found only 1,300 meters away.
Another mega project is the Jabal Omar project, which is being based on an absolute space of 230,000 square meters. The mixed-use project incorporates 40 inn towers that have apartments, luxury residential units, international hotels, and commercial markets.
Makkah Gate is the first suburban project owned by the Holy Capital’s Municipality through its investment subsidiary. The undertaking gives an eager and viable vision for the advancement of the western suburb of Makkah, which is the primary passage to enter Makkah.
The undertaking is situated on a land space of around 8,300 square meters and upon completion will accommodate the greater part of 1,000,000 individuals by 2022. It incorporates a few private areas, a college, a clinical city, a complex for government divisions, historical centers, and a huge wild park.
Jabal Khandama is another expansion to the improvement boom in Makkah. The absolute developed region is assessed at 910,000 square meters and is relied upon to be finished before the end of 2030. The project is relied upon to reach 88 floors, with an expected height of 450 meters.
The Jabal Al-Sharashef development project, which has a developed space of 1.6 million square meters, means to reconfigure the urban neighborhood environment and will address issues like urban formation, housing, transportation networks, utilities, and public services. It will accommodate around 190,000 seasonal hotel residents and 650,000 permanent residents.
Work is in progress on the Kudai Towers project, which is situated around 1.7 kilometers from the Holy Mosque. Kudai Towers has involved 12 hotel towers, 10 of which will be four-star inns comprising of 30 floors, while two will be five-star inns comprising of 45 floors. The project’s capacity is 10,000 luxury hotel rooms. It will boast four helipads, 70 restaurants, and the largest dome in the world, sitting at the top of the project.