{"id":81372,"date":"2025-07-28T16:48:04","date_gmt":"2025-07-28T13:48:04","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=81372"},"modified":"2025-11-25T20:47:15","modified_gmt":"2025-11-25T20:47:15","slug":"%d8%b5%d9%81%d9%82%d8%a9-%d8%a8%d9%80-1-6-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b1%d9%8a%d8%a7%d9%84-%d9%81%d9%8a-%d9%85%d9%83%d8%a9-%d8%aa%d8%b7%d9%88%d9%8a%d8%b1-5-%d8%a3%d8%a8%d8%b1%d8%a7%d8%ac","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/81372\/","title":{"rendered":"SAR 1.6 billion deal in Makkah Development of 5 hotel and commercial towers in Masar Destination\u201d"},"content":{"rendered":"<p>Announced <strong><a href=\"https:\/\/www.ummalqura.com.sa\/ar\">Umm Al-Qura Development and Construction Company<\/a><\/strong>the lead developer and operator of \u201c<strong><a href=\"https:\/\/amlak.net.sa\/en\/80043\/\">Route destination<\/a><\/strong>\u201din Makkah, announced the signing of a strategic agreement with Saqifa Capital, a subsidiary of Mohammed Abdulaziz Al Habib &amp; Partners Real Estate Investment Group, to sell five plots of land located on the western side of the destination, opposite Masar Mall and near the Haramain train station.<\/p>\n<p>Under the agreement, Saqifa Capital intends to develop five mixed-use towers, comprising residential, hotel, and commercial activities, on a development area exceeding 143,000 square meters, with investments exceeding SAR 1.6 billion, in one of the most prominent<strong><a href=\"https:\/\/amlak.net.sa\/en\/81054\/\"> Real estate deals<\/a><\/strong> in the Holy Capital this year.<\/p>\n<p>According to an official statement issued by Umm Al-Qura, the move comes as part of its strategic plan to develop\u201c<strong><a href=\"https:\/\/amlak.net.sa\/en\/80129\/\">Route destination<\/a><\/strong>\u201dThe city has been transformed into an integrated urban investment center that meets the aspirations of Makkah's residents and visitors, and provides diverse investment opportunities supported by advanced infrastructure and a modern investment system.<\/p>\n<p>Commenting on the agreement, Yasser Abu Ateeq, CEO of Umm Al Qura, said: \u201cThis partnership represents an important step in the development of a vibrant integrated destination within Makkah. Our collaboration with Mohammed Al Habib Group reflects our shared vision to develop Masar and realize a qualitative addition to the hospitality, residential and commercial sector, thereby enhancing the experience of residents and visitors alike,\u201d said Engineer Yasser Abu Ateeq, CEO of Umm Al Qura.\u201d<\/p>\n<p>Abdullah bin Mohammed Al Habib, CEO of Al Habib Group, said: \u201cWe see our new project within Wahat Masar as a new architectural and investment icon in Makkah, not only because of its exceptional location close to the Grand Mosque and vital transportation stations, but also because of our ambitious vision to develop mixed-use towers that offer a unique residential, hospitality and shopping experience.\u2018<\/p>\n<p>Al Habib added that this partnership is in line with the group's strategy to develop distinctive real estate destinations that elevate the urban landscape in the Kingdom and support the goals of Saudi Vision 2030 towards more vibrant and sustainable cities.<\/p>\n<p>Wahat Masar is one of the most prominent urban development projects in Makkah, aiming to provide an integrated environment that combines residential, hotel, commercial and smart transportation services, with a focus on raising the quality of life and facilitating visitors\u201c access to the Grand Mosque through an advanced network of modern axes.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>Umm Al-Qura Development and Construction Company, the master developer and operator of Masar Destination in Makkah, has announced the signing of a strategic agreement with Saqifa Capital, a subsidiary of Mohammed Abdulaziz Al Habib &amp; Partners Real Estate Investment Group, to sell five plots of land located on the western side of the destination, opposite Masar Mall and near the Haramain train station. As part of the agreement, ... <a title=\"\u0635\u0641\u0642\u0629 \u0628\u0640 1.6 \u0645\u0644\u064a\u0627\u0631 \u0631\u064a\u0627\u0644 \u0641\u064a \u0645\u0643\u0629.. \u062a\u0637\u0648\u064a\u0631 5 \u0623\u0628\u0631\u0627\u062c \u0641\u0646\u062f\u0642\u064a\u0629 \u0648\u062a\u062c\u0627\u0631\u064a\u0629 \u0628\u0640&#8221;\u0648\u062c\u0647\u0629 \u0645\u0633\u0627\u0631&#8221;\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/81372\/\" aria-label=\"Read more about \u0635\u0641\u0642\u0629 \u0628\u0640 1.6 \u0645\u0644\u064a\u0627\u0631 \u0631\u064a\u0627\u0644 \u0641\u064a \u0645\u0643\u0629.. \u062a\u0637\u0648\u064a\u0631 5 \u0623\u0628\u0631\u0627\u062c \u0641\u0646\u062f\u0642\u064a\u0629 \u0648\u062a\u062c\u0627\u0631\u064a\u0629 \u0628\u0640&#8221;\u0648\u062c\u0647\u0629 \u0645\u0633\u0627\u0631&#8221;\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":79854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7786],"tags":[],"class_list":["post-81372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mecca-madinah"],"acf":{"amlak_post_excerpt":"\u0628\u064a\u0639 \u062e\u0645\u0633 \u0642\u0637\u0639 \u0644\u062a\u0637\u0648\u064a\u0631 \u062e\u0645\u0633\u0629 \u0623\u0628\u0631\u0627\u062c \u0633\u0643\u0646\u064a\u0629 \u0648\u0641\u0646\u062f\u0642\u064a\u0629 \u0648\u062a\u062c\u0627\u0631\u064a\u0629 \u0628\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u062a\u0641\u0648\u0642 1.6 \u0645\u0644\u064a\u0627\u0631 \u0631\u064a\u0627\u0644 \u0628\u0645\u0633\u0627\u062d\u0629 143 \u0623\u0644\u0641 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