Real Estate for Sale: Jeddah, Saudi Arabia, Golden Opportunity to Live or Invest in Holy city of Makkah - 600 metres from Al Masjid Al-Harram which is less

Asking Price: $167,000
Location: 600 metres from Al Masjid Al-Harram which is less
City: Makkah
State/Province: Jeddah
Country: Saudi Arabia
Type: Condo

NEVER BEFORE OFFERED. A unique oppportunity to live or invest in the holiest City of Makkah.
This 5* Hotel, managed by Ramada Worldwide will comprise of 1000 suites, fully furnished to a very high and luxurious standard. This is what we give you:
Guaranteed Accommodation
Guaranteed Rent for 20 Years
Only 600 metres from Al-Masjid Al-Harram
You have personal use of the partment for 10 months of the year. You may use this for your own use or rent it out yourself or accept our guaranteed rental offer.
The guaranteed rent (in writing) = $11,000 per annum Or an Islamic method (Tawakkal-Allah) estimated rent = $13,000 - $17,000 per annum (variable depending on circumstances).
The price is for 1 bedroom apartment. Completion is end of 2007, early 2008. All apartments are Subject to availability.