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Al-Madinah

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Al Bawaba
May 10th, 2005 - 06:25 GMT

Saudi Arabia: ”Time Share” to boost real estates in holy cities

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 ...
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