A New Investment Expansion in Makkah within the Masar Destination
Abdulmohsin Al Rossais & Sons Group Co. has signed an agreement with Umm Al Qura for Development & Construction to buy two land plots in Masar, where it will build two residential towers with around 534 apartments.
- Investment
- SAR 1.2 bn
- Towers
- 2 residential
- Apartments
- ~534
- Location
- Masar · Zone 2
Makkah, 29 September 2026 — Abdulmohsin Al Rossais & Sons Group Co. has signed an agreement to purchase two land plots in the second zone of the Masar destination from Umm Al Qura for Development & Construction, the owner, developer and operator of Masar. The group will develop two residential towers on the site, with an investment value of around SAR 1.2 billion.
The project is part of the group's strategy to diversify its real estate investments and to develop residential projects that meet the needs of residents and visitors in the heart of Makkah. The two towers overlook the Masar pedestrian boulevard and will include around 534 apartments, benefiting from the destination's location and its easy access to the Grand Mosque, facilities and services.
A partnership built on confidence in Masar
“We are proud of this partnership with Umm Al Qura for Development & Construction, which allows us to put our experience to work on a distinctive project within one of Makkah's leading development destinations. Our SAR 1.2 billion investment reflects our confidence in the opportunities Masar offers, and our commitment to developing residential towers with quality design and efficient execution that respond to market needs.”
Eng. Faisal bin Abdulmohsin Al Rossais CEO, Abdulmohsin Al Rossais & Sons Group Co.
“This agreement extends Masar's vision of establishing itself as a promising investment destination and helping shape a more vibrant and sustainable future for Makkah. The size of the investment reflects growing confidence in the destination, while the residential project adds real value to the second zone.”
Mr. Yasser bin Abdulaziz Abu Ateeq CEO, Umm Al Qura for Development & Construction
Expanding housing choices in Makkah
Through Masar, Umm Al Qura continues to enable high-quality investment and an integrated model of urban development in Makkah, working with leading investors and developers. These partnerships diversify the real estate on offer and strengthen the destination's appeal for living and investment, in line with the goals of Saudi Vision 2030.
About Abdulmohsin Al Rossais & Sons Group Co.
For more than 75 years, the group has been a partner in Riyadh's urban growth, developing residential, commercial and office projects and providing leasing, property management and after-sales services.
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