More recent than I remembered when the reports of the hill being flattened were doing the rounds when it was built, but it doesn't stand alone. Saudi has quite some considerable track record of clearing significant Muslim and historic sites to build yet another slab sided monstrosity[1].
Ugly is subjective, but to my eyes it's a large McMansion. Which would normally imply trying to look more expensive than it is, using random features and jarring or anachronistic details, but in this case with colossal budget that clearly doesn't apply. :)
[1] https://en.wikipedia.org/wiki/Destruction_of_early_Islamic_h...