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Tag: Masar

Construction & Real Estate

Umm Al Qura, Numu sign deal to build 460-unit tower in Makkah

Saudi-based Umm Al Qura has signed an agreement with sustainable lifestyle real estate developer Numu for the construction of a SAR700 million ($185 million) serviced apartment tower within its Masar Destination in Makkah. The project will feature 460 hospitality units along with other amenities. ...

Construction & Real Estate

Umm Al Qura inks deal to develop 250-unit residential project in Masar Destination

Saudi-based Umm Al Qura for Development and Construction Company, has announced that it has signed a land sale agreement with Rawajeh Group for the development of a residential tower in Zone 2 of its mega Masar Destination. The project will feature 250 residential units along with premium lifestyle amenities....

Construction & Real Estate

Umm Al Qura seals reservation agreements for sale of two Masar plots

Saudi-based Umm Al Qura for Development and Construction Company has announced the extension of two reservation agreements with Mousa Abdulaziz Al Mousa & Sons Real Estate Holding Group for the sale of two plots within its premium Masar Destination in Makkah. ...

Construction & Real Estate

Umm Al Qura's landmark Makkah project gets LEED Gold certification

Saudi-based Umm Al Qura for Development & Construction Company has announced that its landmark urban project - Masar Development - in Makkah city has been awarded LEED Gold certification, one of the highest international certifications in sustainability and built environment. ...

Construction & Real Estate

Saudi PIF announces sale of strategic stake in Masar

Saudi sovereign wealth fund PIF said it has sold out a part of its stake in Umm Al Qura for Development and Construction Company (Masar), through an accelerated bookbuild offering. It comprises 48 million shares, representing 3.3% of Masar’s share capital. ...