According to Al-Watan newspaper, real estate experts in Mecca and Al-Madinah in Saudi Arabia asserted that the approval of the "Time Share" system is a cultural transition in the real estate ownership in these two holy cities. Mr. Saleh Al-Ghuraibi, a real estate specialist in the Western Province of Saudi Arabia, forecasts a general real estate boom and major rises in the earning per stocks of the real estate companies after approving the "Time Share" system. The new system provides the security and safety factor to billions of riyals pumped by investors in real estate projects in Mecca and Madinah.
