Tag: Masar destination

Construction & Real Estate

Dar Al Majdiah in deal to develop two Makkah residential towers

Saudi Arabia's Dar Al Majdiah Real Estate Company has entered into a deal with Alistithmar Real Estate Fund 9 to develop two residential towers at the Masar Destination in Makkah. The entire work will be completed within a 30-month period....

Construction & Real Estate

Umm Al Qura signs deal to sell three prime Makkah residential plots for $118m

Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million). ...

Construction & Real Estate

$267m 500-unit hotel tower planned in Makkah's Masar Destination

Saudi Arabia’s Umm Al Qura For Development and Construction has announced plans for a new SAR1 billion ($267 million) hotel tower in Makkah as part of its massive Masar Destination development project near the Grand Mosque....

Construction & Real Estate

Saudi TDF inks finance deal for $250m Masar Mall

Saudi Tourism Development Fund (TDF) has entered into a finance agreement with Arab National Bank and real estate group Hamat Holding for its premium retail destination, Masar Mall, being set up at an investment of SAR936 million ($250 million) in the Makkah region. ...

Construction & Real Estate

Umm Al Qura awards $1bn prime Makkah development package contracts

Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city. ...