Real estate in Makkah

Makkah has strict rules and restrictions that affect the real estate market.

Makkah Real Estate Market Features:

1. Sacred Status: The city is closed to non-Muslims, which imposes significant restrictions on the development of tourism infrastructure and commercial real estate.

2. Property Ownership Features:

- Real estate is available exclusively to Muslims; foreigners are not allowed to own real estate directly; trust management schemes are often used.

- Purchasing a house or apartment requires special permits and adherence to religious norms.

3. High Prices: Due to limited supply and high demand, real estate in Makkah is traditionally expensive. Prices depend on proximity to the Al Haram Mosque, the center of pilgrimage for Muslims worldwide.

4. Property Types:

- Residential complexes and apartments around the Grand Mosque.

- Hotels and motels primarily intended for pilgrims.

- Religious buildings and cultural heritage sites.

5. Infrastructure Development: The Saudi Arabian government is actively investing in infrastructure modernization and the construction of new residential complexes, hotels, and shopping centers to improve the living conditions and stay of pilgrims.

Thus, the Makkah real estate market is a unique phenomenon, combining religious norms, cultural characteristics, and strong economic performance.