Overview
The Madinah region is a western province built around Medina, the second holiest city in Islam, alongside the Red Sea port of Yanbu. Pilgrimage underpins its property demand.
Location & living
Inland Medina connects to Jeddah and Mecca via the Haramain High-Speed Railway and Prince Mohammad bin Abdulaziz International Airport. Stock is hotel apartments, pilgrim accommodation and residences near the Prophet Mosque; ownership is Muslim-restricted with special conditions.
Strengths
- + Resilient year-round pilgrim demand
- + Ongoing hospitality expansion
- + Improving transport links
Considerations
- − Ownership restricted to Muslims and controlled projects
- − Seasonal demand swings