Jabal Omar Development Company (JODC) has confirmed in its latest earnings that it will press ahead with selling 400 hotel-residential units at its flagship Makkah development beside the Grand Mosque — and its chief executive has tied the move directly to Saudi Arabia’s new law allowing non-Saudis to own property. For eligible Muslim buyers worldwide, one of Makkah’s most prominent addresses is edging closer to market.
Quick answer
In its Q2 2026 results (reported 3 August 2026), JODC confirmed it is proceeding with the sale of 400 existing hotel-residential units at Jabal Omar, first disclosed in June. CEO Saleh Al-Habdan said the government’s move to allow non-Saudi ownership “will expand the potential investor base” for the project. Jabal Omar is one of the Cabinet-approved Makkah zones for non-Saudi ownership — where ownership is reserved for Muslims. Pricing and a firm sale-launch date have not yet been announced.
What was announced
JODC returned to profit in the second quarter, posting net income of SAR 158 million against a loss a year earlier. Revenue rose 43% year on year to SAR 715 million (about $191 million), helped by a strong Hajj season and the opening of a new Rotana hotel earlier in the year; first-half revenue was up 16% to SAR 1.5 billion.
The results build on a plan JODC first disclosed to the Saudi exchange on 28 June 2026, when it said it would offer 400 existing hotel-residential units for sale as a first phase, with proceeds earmarked mainly to reduce debt. The company also signalled it will redesign the seventh and final phase of Jabal Omar to include more hotel-residential units and off-plan sales. In the August update, Al-Habdan confirmed the sale is going ahead and linked it to accelerating debt reduction — JODC’s debt stood at SAR 9.1 billion at the end of June, down 2% from the end of 2025.
Who is eligible to buy
Jabal Omar is one of the zones designated for non-Saudi ownership under the executive regulations of the Law of Real Estate Ownership by Non-Saudis, approved by the Saudi Cabinet on 23 June 2026. As in the rest of the Holy City, ownership in Makkah is limited to Muslims — whether resident in the Kingdom or abroad — alongside licensed Saudi companies. That is precisely the buyer this reform was designed to serve. Not sure where you stand? Our eligibility checker gives an indicative answer in a minute, and our guide to buying in Makkah explains the approved zones.
Pricing and timeline
Neither the June disclosure nor the August earnings update included a price list or a firm on-sale date for the 400 units. JODC said the initiatives “remain subject to obtaining the necessary regulatory approvals,” and that condition has not yet been reported as cleared. We will update this article as pricing and dates are confirmed — register your interest to be alerted the moment they are.
Be first when the 400 Jabal Omar units are released
Jabal Omar has confirmed it will sell 400 hotel-residential units in Makkah, with pricing expected soon. Register now and we will contact you the moment the release opens, with pricing and next steps.
How to apply once sales open
When the units go on sale, buyers will apply through Saudi Arabia’s official ownership channel. The Real Estate General Authority (REGA) has said non-Saudi individuals residing in the Kingdom can apply directly using their residency (Iqama) number through the Saudi Properties portal (saudiproperties.rega.gov.sa), with eligibility verified automatically before purchase. Our six-stage buying guide walks through the full process step by step.
Frequently asked questions
Can foreigners buy a hotel unit in Jabal Omar?
Eligible Muslim non-Saudis will be able to once JODC’s planned sale of 400 hotel-residential units launches. The company has confirmed the plan is proceeding but has not announced a start date.
How much will the units cost?
Pricing has not been published. JODC said proceeds will go primarily toward reducing its SAR 9.1 billion debt.
Is Jabal Omar an approved zone for non-Saudi ownership?
Yes. Jabal Omar is listed among the designated Makkah zones under the Cabinet-approved executive regulations of 23 June 2026.
Where do buyers apply once sales open?
Through the government’s Saudi Properties portal (saudiproperties.rega.gov.sa), where eligibility is verified before purchase.
What it means for you
Jabal Omar sits at the foot of the Makkah Royal Clock Tower, moments from al-Masjid al-Haram — among the most sought-after addresses on earth. Its move to sell is another sign that Makkah’s established developers are opening their doors to international Muslim buyers. Availability across the approved zones is released in phases, so registering early matters — browse current homes on our Properties for Sale in Makkah page, or explore the Masar destination where Masar Corner by Alramz is already selling.
Haramain Properties is a UK-based advisory and marketing business, not a law firm; this article is general information, not legal advice. Project plans, pricing and timelines are the developer’s own and may change. The official Saudi Properties portal is the authoritative reference at every step. Book a consultation to discuss how these opportunities fit your plans.
Sources
Hajj and domestic tourists drive Jabal Omar growth — AGBI, 3 August 2026
Jabal Omar plans hotel unit sales after Saudi eases foreign property ownership rules — Zawya (TradeArabia), 28 June 2026
Saudi Arabia opens property market to foreigners — AGBI, 24 June 2026
Important
This guide is general information, not legal or financial advice. Always obtain independent legal advice in both Saudi Arabia and your country of residence before entering into a transaction.