Alpha1Estates is the first company to allow Muslims worldwide to buy property in the Islamic Holy Cities of Makkah and Madinah in unique projects in the most sacred, most exclusive and most expensive land in the world.
London, January 1, 2006 -- International overseas property company Alpha1Estates on Sunday launched unique opportunities to purchase real estate projects in the Islamic holy cities of Makkah and Madinah, unique for their sacredness, exclusivity and worth.
The British-based property company launched ZamZam Tower in Makkah and Taiba Eastern Tower in Madinah, the two most holiest cities to 1.5 billion Muslims, who alone are permitted to enter the cities in Saudi Arabia and where land is the most expensive in the world.
"These are genuinely the most exclusive real estate developments in the world, in the most sacred cities and on the most expensive land on Earth," said CEO Mr. Malik.
As a result of recent changes in Saudi real estate law, non-Saudi Muslim residents are permitted to own real estate Saudi Arabia for their private residence.
The two developments are in the centre of the two Holy Cities, near to the sites of The Holy Mosque in Makkah, where Muslims direct their five daily prayers to, and the Noble Prophet's Mosque, where the Prophet Muhammad is buried.
Land in Makkah has recently sold for £50,000/ sq. metre and in Madinah for £28,500/ sq. metre making it the most expensive real estate in the world, compared to averages prices of £20,452/ sq. metre in Mayfair, London and £10,700/ sq.metre in Manhattan, New York.
In ZamZam Tower, Makkah, Muslims can buy a Sukouk (Islamic timeshare lease bond) for 24 years, allowing them to spend a periodical part of the year at the tower every year. Prices extend from GBP £3,000 for a studio apartment in the 31-floor tower overlooking the Holy Mosque, to GBP £1 million for the full lease for the Royal apartment.
ZamZam Tower is to be completed by September 2006, and is the first of the seven towers which will form the Abraj al-Bait Towers Complex, Makkah. Funded by the Saudi government's King Abdul Aziz Endowment, and built by the kingdom's largest construction company, the Saudi Bin Laden Group, Abraj al-Bait will be the largest building complex in the world at 1.4 million square metres.
In Taiba Eastern Tower, Muslims can for the first time buy their permanent home in Madinah overlooking the Prophet's Mosque. Clients can purchase an automatically renewable 99-year lease to an apartment at the 20-floor tower, which contractually becomes a freehold property when Saudi law changes to allow non-Saudi Muslims to own property in the city. Prices for a two-bedroom apartment start at £300,000, which also allows for a periodical lease for fifty years.
Major Saudi real estate developers of the projects have approached the Saudi government to arrange and legalise residence permits and extended visas for Muslims purchasing these leases.
CEO Mr. Malik and Business Development Manager Mr. Jasrai launched the first international television presentations of ZamZam Tower, Taiba Eastern Tower and the King Abdul-Aziz Endowment, on Tuesday 26 December on UK-based television station, Islam Channel.
The launch coincides with the Islamic Hajj month when the annual pilgrimage to Makkah is performed and also with the beginning of the year 2006.
(GBP £1 = 1.72 U.S. dollars / 1.45 euros / 6.45 Saudi Riyals / 0.00332957 Gold ounces / 0.195056 Silver ounces)
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Comments
zafar (not verified)
buy house or apartment in madina sharif
Mon, 2011/01/31 - 13:13hi
I am pakistani. I live in Madrid Spain.I want to buy house or apartment in Madina sharif.Please send me some detail of prices.
Thanks.
Visitor (not verified)
Property in Madinah
Fri, 2011/03/25 - 01:52AoA
Need information about properties in madinah,interested in leasing for 5 to 10 years.
Visitor (not verified)
Property Purchase in Makkah or Madina
Wed, 2011/05/18 - 08:57Asalam u alycum, I am interested in buying a property in either Makkah or Madina near Harram. Can you please send some information regarding the foreign muslims purchasing property to rent or live in Saudi Arabia, will I be granted freehold or leashold permissing to purchase, will i get visa/permit to reside as well or do we have to apply separately.
I will be greatful if you could send me some info via email or etc.
Thank you
Wasaalam u alycum
Aamir
SYED ANNS MEHBOOB (not verified)
WANT TO BUY HOME, APPART,MENT IN MADINAH NEAR HARAM
Wed, 2011/06/15 - 09:48ASSALMU ALAIKUM WARAHMATULLLAH HE WABARAKTO HU ! !!
MY NAME IS SYED ANNS MEHBOOB. I AM FROM PAKISTAN LAHORE . I WANT TO BUY 4 BEDROOM APPARTMENT IN MADINAH NEAR HARAM OR A LITTLE FAR HOME FROM HARAM WITH SAME 4 BEDROOM. NEED ONLY IN MADINAH . SO KINDLY SEND ME THE INFORMATION TO COMPLETE THE DOCUMENTS AS WELL I CAN DO BUSINESS AS WELL IN MADINAH MUNAWWARA.
WAITING FOR UR EARLY REPLY .
THX N BRGZ
SYED ANNS MEHBOOB
Samad (not verified)
Interested to buy apartment or studio flat
Sun, 2011/08/28 - 09:21Salaam,
I am pakistani national,living in pakistan and want to buy apartment or studio flat in Madina and Makkah.
Could you please give me information on types of properties and their prices in Madina and Makkah?
I am interested in purchasing property in Al-Madinah Al-Munawwarah on the 99 year term which would turn into a freehold. I need to find out what are the various rates for the various types of flats or land that are offered.
This is a serious enquiry and would greatly appreciate if someone would get back to us as soon as possible.
Regards.
Salem
mohammed imtiyaz (not verified)
want to buy a flat in madina
Thu, 2011/09/01 - 18:14Looking to buy a flat or a studio in madina plz help
shaikh (not verified)
want to buy a house in madina
Wed, 2012/03/21 - 00:52salam..to all may bro & sis i want to ask a que that if i want to buy a house in madina shareef in front of gumbadi khazra ..but the problem is that i don't no how much money will be require to buy a property in madina ..plz tell me how much is the price of 1BHK in madina shareef ...but i want in front of gumbade khazra ..ALLAH hafiz..
mohamed omar (not verified)
madinah
Wed, 2012/04/04 - 05:30s/calaykum i love to buy a house in madinah, plz help me i need to know the price.
plz cotact me wardi993@yahoo.co.uk
thank you
sha (not verified)
looking for house for rent near mount uhud
Sat, 2012/05/05 - 10:37im looking house for rent area mont uhud..
Muhammad Abbas (not verified)
Properties NEAR MEKKA and MADINA
Tue, 2012/05/15 - 20:46Dear Sir
We have a buyer looking for properties , hotels , flats , houses 3BR.
These have to be located close to mosques.
Also intrested in free hold status , residence visa etc.
please advise soon
regards
Mehmet Karaca (not verified)
Villas for sale in Turkey
Fri, 2012/08/03 - 11:01Hello
if you are interested to purchase ready properties in Turkey, we have 3 luxury villas for sale in Kusadasi. www.villainkusadasi.com , you can see the photos and price and details.
if you have any question send me email
thanks
Mehmet Karaca
sabza (not verified)
home to buye
Thu, 2012/08/02 - 05:45Dear Sir / madam
We have a buyer looking for properties , flats , houses 3BR.
These have to be located close to mosques.
Also intrested in free hold status , residence visa etc.
please advise soon
regards
Ilyas Khokhar (not verified)
BUYING IN MADINAH OR MAKKAH
Sun, 2013/01/20 - 00:18Ilyas Khokhar
London,Uk
Email: ilyaskhokhar@hotmail.co.uk
Assalaamualaikum,
I am interested in buying a property of any kind in Madinah or Makkah. I do not have any specific requirements other than the property to be within a close distance to the Harram's. I am a serious and financially flexible buyer. I am ready to purchase as soon as possible. Can you contact me via email to discuss further. JazakAllah.
Mardiah (not verified)
I would like to buy a house/apartment complex for sale
Fri, 2013/02/01 - 16:28I would like to live in Madina In Sha Allah, i would like to see the rating on house to buy and apartment. please email me and also provide me with information on different proporties to buy.
Jazak'Allahu khair.
As Salamu Alaikum
Mardiah (not verified)
I would like to buy a house/apartment complex for sale
Fri, 2013/02/01 - 16:30I would like to live in Madina In Sha Allah, i would like to see the rating on house to buy and apartment. please email me and also provide me with information on different proporties to buy.
Jazak'Allahu khair.
As Salamu Alaikum
Ziyad Tawileh (not verified)
Very interesting to buy a Villa with 4 bed in Mekkah near Haram
Tue, 2014/04/29 - 09:58Salam Brothers,
Im from Jordan. Me and my family are very much interesting to make Hijra to Makkah. We would like to buy a villa with 4 bed room with a garden near Haram. Please advice us about the price and if some picture will be nice. Yasakallah hukhayran. Please contact me at ice_jata@hotmail.com
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