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MENAFN - Arab News - 22/08/2014
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(MENAFN - Arab News) Several landlords in Makkah demand that their tenants leave their apartments during Haj for them to rent them out to pilgrims.

According to leasers in Makkah considered one of the most densely populated cities in the Kingdom several landlords accept earning low annual rents for their housing units as long as residents leave their flats during Haj.

These apartments are rented out for 10-month terms and then leased to pilgrims during the peak season.

'These are our high seasons. We make more money renting out apartments during Haj than we do throughout the whole year' said Abu Siraj a landlord in Makkah.

'We ensure that tenants are well-aware of this seasonal rent agreement before they sign the contract' he told Arab News.

Several building owners in Makkah take advantage of the busy season to make extra profits while residents also take advantage of low rents throughout the year.

'I accepted leaving my flat during Haj season because I don't pay much throughout the year and can take advantage of this period to visit Jeddah or Madinah' Ali Al-Hadeedi a Yemeni resident living in Makkah told Arab News.

Daily rates during Haj can reach SR1000 which are paid by Haj service establishments.

Abdallah Nasr Al-Deen who owns a residential building in the Al-Azizyah district in Makkah agreed with his tenants to vacate their apartments in exchange for a low annual rent of SR20000.

'I provide housing services to pilgrims for SR800 a day. Most building owners in Makkah do the same during Haj' he told Arab News.

The average Haj pilgrim spends SR2500 on housing. Pilgrims who stay around central Makkah pay anywhere between SR4000 and SR7000 while worshipers who are lodged further away pay between SR1000 and SR2500.

 


Arab News




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