Wealthy Muslims look to purchase homes in Saudi holy cities
Wealthy Muslims are prepared to spend nearly $2 billion on purchasing homes in the holy cities of Makkah and Medinah, new research has found.
Property consultancy Knight Frank surveyed just over 500 high-net-worth Muslims from nine Muslim-majority countries - Algeria, India, Indonesia, Iran, Iraq, Malaysia, Pakistan, Singapore and Turkey.
The respondents collectively own more than 2,250 homes, with 29% already owning between 3-5 properties.
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