Mecca has proved that it is an exceptional case in the suffering real estate market in the Middle East, thanks to the increasing numbers of persons interested in the rituals of Hajj and Umrah in the city, causing a boom in hotel construction.
Real estate experts say that the price of a square meter in the commercial area around the holy city, can be up to 375 thousand riyals ($100,000), making it one of the most expensive – if not THE most expensive – city in the world……………………………………….Full Article: Source