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As revealed in Jones Lang LaSalle’s (JLL) H1 2017 Makkah Real Estate Market Overview report, Mecca’s real estate sector registered a positive shift in the first half of this year (H1) as quotas have been lifted on Hajj pilgrims.

The period under review saw increased number of Umrah travellers due to favourable visa policy which resulted in a five percent year-on-year increase in issued visas to 6.7 million.

Retailers also benefited, with 7.5 percent lower rentals in the city centre.

Along with the extension of the Umrah period and partial completion of the Holy Mosque’s expansion, the profitability of the hotel sector is expected to rise despite H1’s overall decline in performances.