Masar

Construction & Real Estate

Umm Al Qura inks deal to develop 250-unit residential project in Masar Destination

Thu, 17 Sep 2026

Saudi-based Umm Al Qura for Development and Construction Company, has announced that it has signed a land sale agreement with Rawajeh Group for the development of a residential tower in Zone 2 of its mega Masar Destination. The project will feature 250 residential units along with premium lifestyle amenities.

Construction & Real Estate

Umm Al Qura seals reservation agreements for sale of two Masar plots

Mon, 09 Mar 2026

Saudi-based Umm Al Qura for Development and Construction Company has announced the extension of two reservation agreements with Mousa Abdulaziz Al Mousa & Sons Real Estate Holding Group for the sale of two plots within its premium Masar Destination in Makkah.

Construction & Real Estate

Umm Al Qura launches unified digital platform for Masar Destination investors

Mon, 02 Feb 2026

Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through approved developers.

Construction & Real Estate Finance & Capital Market

Saudi PIF announces sale of strategic stake in Masar

Wed, 03 Dec 2025

Saudi sovereign wealth fund PIF said it has sold out a part of its stake in Umm Al Qura for Development and Construction Company (Masar), through an accelerated bookbuild offering. It comprises 48 million shares, representing 3.3% of Masar’s share capital.

Construction & Real Estate Health & Environment

Umm Al Qura's landmark Makkah project gets LEED Gold certification

Sun, 25 Jan 2026

Saudi-based Umm Al Qura for Development & Construction Company has announced that its landmark urban project - Masar Development - in Makkah city has been awarded LEED Gold certification, one of the highest international certifications in sustainability and built environment.