A fascinating report by the Global Property Consultancy Firm, Knight Frank has revealed demand for property ownership in The Holy Cities of Makkah and Madinah amongst Global Muslim High Net Worth Individuals.
The report showed that Makkah was the most popular religious destination, with 40% interested in buying in Makkah, followed by 20% in Madinah.
Interestingly, 92% plan to acquire branded residential units in the holy cities with an average budget of $4.7 million, with apartments being the most popular property type.
Although new Premium…