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Mecca developer to sell 400 apartments after rules eased
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Mecca developer to sell 400 apartments after rules eased
Jabal Omar Development Company, seeking to attract overseas buyers, plans to sell hundreds of serviced apartments at its flagship Mecca project after Saudi Arabia eased rules on foreign ownership of property. As part of the first phase, 400 serviced apartments will be sold this year and the proceeds used to reduce outstanding debt, the developer said in a statement to the Saudi Exchange. The company will focus on upping the number of serviced ap…
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