A new REMAX Commercial broker in Saudi Arabia, Saeed Alanezi, secured a major milestone by obtaining the exclusive listing for the Rabiyat Al-Hijaz hotel complex in Makkah, valued at approximately $240 million. The large-scale property includes 14 towers and nearly 2,000 hotel rooms, making it one of the most significant hospitality offerings in the city available to international Muslim investors.
This opportunity reflects recent regulatory changes under Saudi Arabia’s Vision 2030, which now allow non-Saudi Muslim individuals and Sharia-compliant entities to own property in Makkah and Madinah—opening the market to global investment.
Alanezi credits his success to the strength and credibility of the REMAX network, which helped him secure trust for such a high-value listing. The property has already drawn interest from major investors across Southeast Asia and the Middle East, highlighting strong international demand.
Industry leaders note that the deal showcases the growing global reach of REMAX Commercial and positions Alanezi at the forefront of Saudi Arabia’s evolving real estate landscape. For him, the listing represents not just a significant transaction, but a defining moment in his career and a symbol of the sector’s transformation.
