Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - For Makkah tenants it's time to vacate for Haj pilgrims  Join our daily free Newsletter

MENAFN - Arab News - 22/08/2014
No. of Ratings : 0
Add to Mixx!



(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




  MENA News Headlines
 Aug 2 2015 - Mine Blast Kills One Soldier, Injures Four in Northeast TurkeyQatar News Agency
(MENAFN - QNA) A Turkish soldier were killed and four others were injured in a mine blast in the Turkish northeast province of Kars, security sources said. Turkey's Anadolu Agency reported that ...

 Aug 2 2015 - Turkish Prime Minister Meets HE Qatar's Minister of State for DefenseQatar News Agency
(MENAFN - QNA) Turkish Prime Minister Ahmet Davutoglu met Sunday with HE Qatar's Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah and his accompanying delegation on the ...

 Aug 2 2015 - HE Prime Minister Meets US Assistant Secretary of StateQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Sunday with US Assistant Secretary of State for Near Eastern Affairs Anne Patterson and ...

 Aug 2 2015 - Dubai property giant Emaar's profit up 12% in first halfAFP
(MENAFN - AFP) Dubai-based developer Emaar Properties on Sunday reported a 12 percent rise in net profits for the first six months of 2015 due to high revenues from its shopping malls and ...

 Aug 2 2015 - 'Egyptian Industrial Product Preference' regulation will decrease foreign product imports: FEI board memberDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Industry and Foreign Trade announced it has finalised an executive regulation of Law 5/2015 to create a preference for Egyptian industrial products in ...

 Aug 2 2015 - Egypt's economy grows 4.7% in first 9 months of FY 2014/2015Daily News Egypt
(MENAFN - Daily News Egypt) Egypt's economic growth rate in the first nine months of fiscal year (FY) 2014/2015 grew by 4.7%, Minister of Planning Ashraf El-Araby said in a Saturday press ...

 Aug 2 2015 - Barclays says its activities in Africa strengthenedDaily News Egypt
(MENAFN - Daily News Egypt) Barclays has increased its contribution to the African market and strengthened its business in South Africa, the bank said in a recently published report.It is working to ...

 Aug 2 2015 - Al-Azhar Grand Imam sends condolences to bin Laden familyDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's top religious institute Al-Azhar sent its condolences to the Saudi bin Laden family, after a plane crash in the UK left three members of the family dead.Al-Azhar's ...

 Aug 2 2015 - Egypt- Al Jazeera re-trial further postponed to 29 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The retrial of Al Jazeera journalists Mohamed Fahmy, Peter Greste and Baher Mohamed has been postponed for the second time, with the verdict now expected on 29 August.The ...

 Aug 2 2015 - Strategic dialogue follows Egypt's strategy to decentralise source of weapons: ResearcherDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's Foreign Minister Sameh Shoukry met with his US counterpart John Kerry in Cairo on Sunday for the strategic dialogue between both countries, the first meeting of ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help