In less than four hours, the first auction of the estate of Sheikh Saleh Al Rajhi - may God have mercy on him - ended with unprecedented success through its final results, which revealed the strength of the Saudi real estate market in preserving its assets and attracting national capital to continue its investments in this sector.

To the credit of the company marketing the estate and the liquidation board, they did a good job of preparing well and tightly.

It is to the credit of the company marketing the estate and the liquidation board that they did a good job of preparing the auction, which was reflected in the final yield, as this auction is considered a pioneer and a model for investors to enter with a strong desire to buy, preceded by consultations and studies, while there was a sincere intention by the auctioneer to sell, which created strong competition that showed the real and feasible value of the properties, and realtors pushed their money back into the market (644 million riyals).

This situation confirmed what Amlak newspaper went through one of its surveys about the impact of the sector on the liquidation of Al-Rajhi's estate, so the expectations of specialists and experts were exactly in place; that the strength and durability of the real estate market will not be affected by the liquidation and prices will not collapse, but will reveal that the market will swallow 452 properties with ease and smoothly because it is part of the whole, and because there are definite desires, as mentioned above in buying and selling, but at certain prices based on the theory of supply and demand.

According to the newspaper's coverage team, the auction deliberations were preceded by many procedures and intensive movement by the liquidation board and the companies that intend to enter the auction by assigning the real estate valuation operations to specialized entities, and it is certain that the companies spent large sums of money on this, but the auction turned the tables on these companies and the properties achieved prices that exceeded the estimates of the real estate appraisers, which led to their actual exit from the auction.

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The final prices reflected the solidity of the real estate sector, the huge liquidity and the extent of its absorption of various types of real estate and investments, as evidenced by the price reached by the Twarn Center (246 million riyals), and here an important question arises after the great disparity that was evident between the appraisal price and the price of the property; Was there a defect in the estimates of real estate valuation, which misled the companies entering the auction? Or is the real estate market wrong? A third opinion may confirm his confidence in the future of the market and expect the market value of real estate to reach more than expected, and this will create an economic movement in the movement of strategic and influential real estate trading.

From all of the above, we expect that Al-Rajhi and other auctions will continue their superiority in restoring confidence to businessmen and investors, announcing the near recession that prevailed in the sector despite the continued economic recession and its trend, and here we must commend the behavior of the liquidation board in the immediate return of certified checks from applicants who did not succeed in buying.