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Jabal Omar - Phase 5
Overview
The project includes the fifth phase of Jabal Omar Development in Makkah over an area of 167,000 square meters. The fifth stage consists of 3 building rules and 5 hotel towers with a total building area of 173 thousand square meters. It is located in the back area of the project land, which overlooks Dahla Al-Shad Street..
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
- The contract for the implementation of the phase was awarded to Pioneers of Al-Madaen Company in July 2015, and the award letter was canceled in September 2015 in order to review some contractual provisions.
- A consultant (Corridor International Company) was appointed to estimate the total cost of the entire project, which will be implemented in 7 phases, and it was estimated at 57 billion riyals, including the value of the land.
- The plan of the stage has been redesigned to reflect an increase in the total construction area, as the total area of the fifth and sixth stages has been increased from 363.7 thousand square meters to 718.4 thousand square meters, and a contract is underway with a team to design the two phases.
Owners
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Financing Sources
Project Developments
A look at Jabal Omar's latest project developmentsArgaam Special22/04/2020
Jabal Omar says phase 1 of Makkah Grand Mosque project nearly completeArgaam Exclusive15/12/2015
Jabal Omar secures SAR 900 mln Sharia-compliant bridge loanArgaam07/10/2015
Jabal Omar inks SAR 8 bln Islamic finance deal with SABB, SAMBAArgaam17/09/2015
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