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Value of razed properties without title deeds in Makkah put at SAR6bn

Posted on 08 April 2013

Yusuf Al-Ahmadi, a member of the Real Estate Appraisal Committees in the Makkah Chamber of Commerce and Industry (MCCI), said the value of demolished properties lacking title deeds has reached SR6 billion at an average rate of SR600,000 per property, Al-Sharq Arabic daily reported.
Al-Ahmadi said the properties, about 1,000 in total, are distributed in districts such as Jabal Al-Sharashef, the parallel road (Al-Tariq Al-Muwazi), Shaab Amer and Dahlat Harb. He demanded that the situation of these properties be finalized so that the owners are compensated. He added that there are over 60 unplanned sites in Makkah that have been demolished………………………………………..Full Article: Source


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