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Following in the footsteps of previous auctions, the auction of Hamad Bin Saeedan Company, which was organized last Thursday afternoon, boosted the recovery of the real estate market through the auction of Hattin Hills in Riyadh, located on Prince Turki Bin Abdulaziz Road, the first intersection of Imam Faisal Bin Saud, Which is characterized by its strategic, vital and distinctive location, which has an area of 366 thousand square meters, and a commercial length of more than 1000 meters.
A full-service commercial residential scheme
The plan, whose sales exceeded the expectations and estimates of the owners of the plan, is characterized by its strategic location; close to the northern ring and King Fahd Road, it is considered a full-service residential and commercial plan with infrastructure suitable for different types of construction, and the plan is characterized by a grid layout of streets, complete drainage in the neighborhood, as well as telephone and water networks.
Excerpts from Hattin Auction The auction witnessed great competition between investors and businessmen who crowded to buy from the Hattin Hills plan, where the price per meter in residential for some plots reached 3100 riyals per square meter, while the meter touched 7000 riyals in commercial plots, and the following are excerpts from the auction: Excerpts from the auction
The auction started on commercial block No. 3, which has an area of 3.830 square meters at a price of 5000 and ended at 7000 SAR per square meter, while the value per meter in block No. 1, which has an area of 5.986 square meters and the sale price ended at 6800 SAR per square meter..
A plot of land intended for a commercial center with an area of 20,671 square meters entered the bidding at 4000 and ended at 4800 riyals per square meter.
