Saudi developer Arabian Dyar is seeking foreign buyers after launching the second phase of its 10 billion Saudi riyals ($2.6 billion) Makkah development. It comes before the kingdom's new real estate law, which opens up investment to international buyers, takes effect next year.
The company is selling 1,000 units in three residential towers as part of phase two development of Dyar Al Haram project in Makkah, its chief executive told The National at the Cityscape Global exhibition in Riyadh.
The towers will include fully-serviced apartments, penthouses and family units, as well as retail and hospitality elements.
Prices range between 1.5 million riyals for a small unit to 17 million riyals ($400,000 to $4.5 million) for a larger unit.
The overall project will be built in four phases and is set to be completed by 2032. It will have 4,000 units across 13 towers when all phases of construction work are finished.
Located 550 metres from the Grand Mosque, Dyar Al Haram is one of closest large-scale resi
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