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central zones, demand for property, foreign nationals cannot own property, J&M Real Estate, Jeddah., Kaaba, Masjid-e-Nabwi, Mecca, Medina, monthly rental rates for apartments in Mecca and Medina, number of bedrooms, peak season, rent property, Saudi Arabia, Saudi law, Syed Wajeeh-ul-Hassan Naqvi, timeshare
Although millions of pilgrims travel to the holy cities of Mecca and Medina throughout the year, the period between Ramazan and Hajj is undoubtedly the peak season.
During this time, finding accommodation can prove to be a daunting task, since most hotels are booked well in advance. In fact, the demand for property is so high in these cities that real estate development there accounts for 40% of the total in Saudi Arabia. Continue reading
