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Jabal Omar - Phase 3
Overview
The project includes the third phase of Jabal Omar Development Project in Makkah over an area of 422,535 square meters, It consists of two building bases and 4 hotel towers, including the twin towers overlooking King Abdulaziz Road, with The number of parking spaces 478 as well as the main commercial market.
This phase includes 2160 hotel rooms, of which 1480 are hotel rooms in the twin towers.
The phase includes two podiums, four hotel towers and a shopping mall.
The entire project consists of 45 towers, 13,107 hotel and residential rooms, in addition to 204 villas.
Project Information
- Real Estate > Landlords and developers
- Phase I completion date delayed to Q4 2019, marking several delays due to shortage of labor and contractor productivity.
- The company appointed Corderoy International as consultant to estimate the total project cost. The project will be conducted on seven phases. Estimated investment is SAR 57 bln, inclusive of land cost.
- Hotels rooms and suites will be operated under the Address Hotels and Resorts brand name a subsidiary of Emaar Hospitality Group.
- In September 2018, the company obtained license and initial approval to sell 741 hotel units.
- The Jabal Omar Double Tree hotel will open in December 2019.
- The company announced that the construction works were 88.31% complete in 2021.
- The company announced that the construction works of the two towers of Jabal Omar The Address Hotel, as part of the third phase, are expected to be completed in Q4 2022.
- The company announced that the construction works were 90% completed in Q1 2022, expecting commercial operations to start in Q3 2023.
- The company announced that construction works are 93% complete and expected to be delivered by Q4 2022.
- In Q4 2022, the company announced that the phase’s construction works are 94.63% complete and expected the phase to be completed in Q1 2023.
- On March 13, 2023, the company announced that it completed Jabal Omar Address Makkah hotel, as part of the third phases of the project.
- On April 4, 2023, the company announced that the soft opening of Jabal Omar Address Makkah hotel will be in Ramadan.
- On May 18, 2023, the company announced that it received a license from the Ministry of Tourism to operate the first tower of Jabal Omar Address Hotel with a five-star rating.
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On December 5, 2023, the company received a license from the Ministry of Tourism for the operation of the second tower of the five-star Jabal Omar Address Hotel.
Owners
Related Parties
Financing Sources
Project Developments
A look at Jabal Omar's latest project developmentsArgaam Special22/04/2020
Jabal Omar to have 15 operating hotels by 2030Argaam29/04/2019
Jabal Omar says phase 1 of Makkah Grand Mosque project nearly completeArgaam Exclusive15/12/2015
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