03/02/2026 03:34 AST

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.

Spanning over 1.2 million sq m area, Masar Destination is the largest urban project in Makkah. Its portfolio, which spans hotels, residential and hotel apartments, and integrated commercial and medical facilities, aligns with the Kingdom's vision for advanced urban environments that serve both visitors and residents.

The new digital platform provides accurate and up-to-date information in both Arabic and English about all approved developers within Masar destination, thus enhancing transparency and establishing high levels of regulation within an integrated urban system, stated Umm Al Qura, the owner, developer and operator of Masar Destination.

The key initiative, which reflects the company's responsible approach to urban development and its commitment to preserving the unique character of place and enhancing quality of life, was unveiled at the ongoing Future Real Estate Forum 2026, a premier real estate event in the kingdom, featuring over 300 global speakers as well as representatives from more than 120 countries.

Commenting on the initiative, CEO Yasser Abuateek said: "The launch of the unified digital ownership platform at Masar is a strategic step toward enhancing transparency and innovation in the real estate sector. It highlights our commitment to providing an integrated urban experience that supports the goals of Saudi Vision 2030 and contributes to positioning Makkah at the forefront of digital transformation."

"It also strengthens confidence in the real estate market by offering diverse options that meet residents' needs within a modern and sustainable urban environment," he stated.

Umm Al Qura had recently signed development agreements with a number of developers and investment funds worth over SAR63 billion ($16.7 billion), including acquisition and infrastructure costs, reinforcing its position as one of the Kingdom's most prominent investment destinations.


Trade Arabia

Umm Al Qura surges 30pc on debut Saudi IPO

25/03/2025

Saudi-based Umm Al Qura for Development and Construction has announced that its shares surged by 30% on the group's debut on the Saudi Exchange's Main Market which hit SAR19.5 ($5.2) per share follow

Trade Arabia

Saudi PIF-backed developer draws $126bn in IPO orders

28/02/2025

Umm Al Qura, a leading developer backed by Saudi sovereign wealth fund PIF, today (February 27) announced the successful completion of the book-building process for participating entities and the fi

Trade Arabia

Ticker Price Volume
MASAR Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
JABALOMAR 15.27 0.11 (0.72%)
DARALARKAN 15.90 0.01 (0.06%)
MCDC 84.95 1.95 (2.34%)
CENOMICENTERS 19.90 0.15 (0.75%)
TAIBA 34.58 0.28 (0.81%)
Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News