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Jabal Omar - Phase 2
Overview
The project includes the second phase of Jabal Omar Development Project in Makkah over an area of 198,451 square meters,
this phase contains one building base consists of 3 commercial floors, 4 hotel towers, 96 residential units, and 4 villas overlooking Ibrahim Al-Khalil Street, It also provides 1113 rooms to be operated by Jumeirah hotels.
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 finishing and furnishing work for 90 housing units has been completed and the remaining construction works are underway in the phase.
- An agreement was signed in June 2016 with Rowad Al-Madaen Company to construct the Westin and Sheraton hotels in the second phase.
- A consultant (Corduroy International Company) was appointed to estimate the total cost of the entire project, which will be implemented in 7 stages, and was estimated at 57 billion riyals, including the value of the land.
- The company announced that the construction work is expected to be completed by the end of the second quarter of 2021.
- In 2021, the company announced that the construction works were 82.18% complete, and 96 hotel apartments, in addition to 4 apartments and a commercial center with 8,000 square meters of a leasing area were delivered.
- The company announced that the construction works of Jumeirah Hotel, as part of the second phase, are expected to be completed in Q4 2022.
- The company announced that 85% of the project’s construction works were completed in Q1 2022, expecting the project to start commercial operation in Q1 2023.
- The company announced that construction works are 88% complete and expected to be delivered by Q4 2022.
- In Q4 2022, the company announced that the phase’s construction works are 89.54% complete and expected the phase to be completed in Q1 2023.
- On March 13, 2023, the company announced that it completed Jabal Omar Jumeirah hotel, as part of the second phases of the project.
- On April 4, 2023, the company announced that the soft opening of Jabal Omar Jumeirah Makkah hotel will be in Ramadan.
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On August 28, 2023, the company announced that it received a license from the Ministry of Tourism to operate the first tower of the hotel
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On January 18, 2024, the company announced that it received the operating license, from Ministry of Tourism, of the second tower of the five-star hotel, Jabal Omar Jumeirah.
Owners
Related Parties
Financing Sources
Project Developments
Jabal Omar CEO says financial transformation plan to enhance capital sustainabilityArgaam Special21/10/2021
A look at Jabal Omar's latest project developmentsArgaam Special22/04/2020
Jabal Omar says spent SAR 2.27 bln out of rights issue proceedsArgaam04/08/2016
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