Villa for Sale in Mecca Ash Sharai

**luxury villa for sale or long-term investment rental** **makkah al-mukarramah – al-ji'ranah – al-masarat district** - land area: 506 sqm - located on two streets - built-up area: 520 sqm - consists of 3 floors - property status: officially licensed construction by the municipality, completely free from any demolition orders following full review and confirmation by the violations committee — electronic title deed with immediate transfer available --- **or** — we are seeking a serious investor and successful partner to complete and develop an existing structure (a standing 3-floor l-shaped skeleton) and convert it into an investment residential project ready for rental, in a highly active and in-demand location for medical staff and families. --- 📊 **property & project details:** - **location:** al-faisal district, al-ji'ranah, near makkah general hospital (an area experiencing high demand and a shortage of residential units) - **land area:** 506 sqm (with an independent electronic title deed) - **current status:** an existing 3-floor villa (l-shaped design), with a remaining courtyard land of 300 sqm and a ready-made pool at the end of the courtyard measuring 10 meters in length and 2.5 meters in width, serving tenants - **development plan:** modifying the layout and completing construction so that the building comprises 3 floors and an annex (totaling 11 residential apartments) - **unit details:** each apartment consists of 2 bedrooms + living room + kitchen + bathroom --- 💰 **figures & preliminary feasibility study:** - **completion, modification & reconstruction cost (investor's responsibility):** approximately sar 600,000 - **expected rental returns:** - rent per apartment: sar 15,000 annually - the pool and facilities serve all tenants, increasing the property's appeal and rental speed - **total expected annual income:** sar 165,000/year - **proposed investment contract duration:** 15 years - **total expected returns over the investment period:** sar 2,400,000 (subject to discussion and agreement in the best interest of both parties)