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Hareth Bahareth organization for trading & cont.


Hareth Bahareth organization for trading & cont.

 

Dar Alamar is a Saudi investment company that is concerned with real-estate development in Muslim holy sites, mainly the city of Mecca.

To appreciate the volume of such investment, it is important to know that Mecca is a city of  less than 30 sq.miles area, with an area not more than 3 sq.miles surrounding Muslims Holiest shrine, the holy mosque of Kaa'ba, to which every Muslim is to come once in a life time and perform the duty of Hajj (Muslim obligatory journey to Mecca).

The volume of people to reside in this 3 sq.miles area exceeds 2.5 million people during the holy month of Ramadan or during Hajj. It is also important to know that population of the Muslim world is somewhere around 1200 million people.

Taking all the above, the price of real-estate there, is the highest in the Muslim world, ranging somewhere between 8000 - 60000 USD per square meter, depending on distance from holy mosque.  Dar Alamar has adopted the concept of leasing those available estates from their owners rather than buying them to reduce capital, increase return and diversify location.

Leasing contracts normally extend between 10-20 years, with variable lease values depending on distance from Holy mosque and area of the property.

The only cost linked after leasing the property, is the construction cost along with same other minor costs such as power company installation fees, other utility fees, which in all do not consditue more than 5% of the capital (construction cost).

Dar Alamar record with such investments is out-standing. So far, four sites are currently under management.

Dar Alamar 1 Dar Alamar 2 Dar Alamar 3 Dar Alamar 4
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