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Research

Report

Holy Cities: Saudi's Unique Real Estate Markets


The Holy Cities of Makkah and Madinah are unique in the MENA region in that they are constrained more by supply and capacity levels rather than demand (which is effectively unlimited). Jones Lang LaSalle is the first globally renowned firm to release a report on the real estate sector in the Holy Cities.

The major findings of this report are:-
  • Unique markets – unconstrained by demand;
  • The number of religious tourists could increase from 7.8 million to 13.75 million by Hijri year 1440 (2019);
  • This will lead to opportunities to expand the hospitality market with a total of 82,000 rooms required by Hijri year 1440 (2019).

Please fill out the form to download the report.

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