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Historic Jeddah (Al-Balad) — Jeddah، Saudi Arabia
Photo: Francisco Anzola · CC BY 2.0 · source

Historic Jeddah (Al-Balad)

Virtual asset linked to this landmark

Price
1,690,000 TGZ
Virtual owner
The platform
Times sold
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About Historic Jeddah (Al-Balad) and its history

Jeddah's historic quarter of houses with wooden rawasheen balconies, a UNESCO World Heritage Site since 2014.

Al-Balad (Arabic: البلد, romanized: al-Balad, lit. 'the town'), also known as Jeddah Historic District (Arabic: جدة التاريخية), is the historical area of Jeddah, the second largest city of Saudi Arabia. Al-Balad can literally be translated to "The Town". Al-Balad is the historic center of the City of Jeddah.

Traditional Hijazi houses are characterized by their wooden Roshan windows (Arabic: روشان), and wooden mushrabiyas.

In May 2019, Crown Prince Mohammed bin Salman announced a multi-billion dollar restoration of 56 historical building in Al-Balad. The first stage of the restoration is worth $13.3 million.

In October 2023 and in line with Saudi Vision 2030, The Saudi Public Investment Fund announced Al Balad Development Company, which aims to transform Historic Jeddah into a global tourist destination.

History

Al-Balad was founded in the 7th century and historically served as the centre of Jeddah. Al-Balad's defensive walls were torn down in the 1940s. In the 1970s and 1980s, when Jeddah began to become wealthier due to the oil boom, many Jeddawis moved north, away from Al-Balad, as it reminded them of less prosperous times. Al-Balad had insufficient parking space for large cars. Its stores did not sell expensive designer clothing. Poor immigrants moved in place of the Saudi population. The municipality of Jeddah began historical preservation efforts in the 1970s. In 1991 the Municipality of Jeddah founded the Jeddah Historical Preservation Society to preserve the historical architecture and culture of Al-Balad. In 2002, US$4 million were earmarked for the preservation society. In 2009, Al-Balad was nominated by Saudi Commission for Tourism and Antiquities to be added to UNESCO's World Heritage list, and it was accepted in 2014.

Many Jeddawis had moved away from Al-Balad by 2007; the streets of Balad were still packed with people during the month of Ramadan. Around that year the Jeddah Urban Development Company was formed to restore Al-Balad.

Information source: Wikipedia · rewritten and edited by Maalem; available under CC BY-SA 4.0

Location
Jeddah, Saudi Arabia
Coordinates
21.4840, 39.1870
Category
Districts, Streets & Markets

Source: Wikipedia · Factual information about the real landmark; unrelated to virtual ownership.

Price & ownership history

500,000declared price over time1,690,000

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