With the announcement of the results and figures of the end of the fourth Al Rajhi auction, which achieved a total value of 295.5 million riyals during the sale of 12 properties in Riyadh, the auction revealed the thirst of the real estate market to make real estate deals and invest the opportunities offered, driven by intense competition to inject capital into the sector, which enhances confidence in market cohesion and gives positive indicators for the real estate future.
The auction was attended by a large number of businessmen, interested and investors.
In the presence of a large number of businessmen, interested parties and investors, the fourth Rajhi auction achieved success in terms of sales, which did not take more than 6 hours, where the most prominent sales were as follows:
1- Building (52) in King Fahd neighborhood
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The auction was opened by bidding on building (52) in King Fahd neighborhood with an area of 1,300 m2 worth 3,228,514 riyals, which was sold for 6.3 million riyals to investor Yousef bin Saleh Al Rajhi.
1- Building (52) in King Fahd neighborhood.
2- Mansoura Complex:
The complex has an area of 20,521 m2 and the bidding opened at 55,560,822 million and was sold for 75.6 million riyals to investor Mohammed Jamil Hamoud Al-Turaiqi.
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3- New Al Batha'a Building:
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An area of 3,354 m2, where the auction opened at 37 million, and was sold for 54 million and awarded to Aswaq Holding Company.
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4- Al Malaz Complex:
The complex has an area of 6.925 m2, where the auction opened at SAR 13.5 million, and was sold for 23 million to investor Faisal bin Abdulmohsen Al-Rusais.
4- Al-Malaz Complex:
5- Al Oweidah Workshop Complex:
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An area of 6,120 m2 where the bidding opened at 10 million riyals, and it was sold for 16.5 riyals to investor Bandar Mohammed Al-Musairi.
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6- Al Salam Complex
Salam Complex, with an area of 15,120 m2, where the auction opened at 23 million riyals, and was sold for 48 million riyals to Abdullah Al Othaim Markets Company.
6- Al Salam Complex.
7- Olaya Mall
Olaya Complex, with an area of 5,965 m2, where the bidding opened at SAR 16 million, and was sold for 22 million to Aswaq Holding Company.
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8- Old Ghubaira Complex
The old Ghubaira complex, with an area of 9,432 m2, was auctioned for SAR 16.5 million and sold for SAR 27 million to investor Mohammed Jamil Hamoud Al-Turaiqi
8- The old Ghubaira complex.
9- Al-Zaher Workshop
Al-Zaher workshop, with an area of 1,663 m2, was auctioned for SAR 11.5 million and sold for SAR 12.5 million to investor Ibrahim Nasser Al-Subaie
9- Al-Zaher workshop, with an area of 1,663 m2.
10- Al-Mutlaq Building
Al-Mutlaq building with an area of 164 m2, where the bidding opened at SAR 1.3 million, and was sold for SAR 1.6 million to investor Ibrahim Suleiman Al-Husseini.
10- Al-Mutlaq building
11- Namshan Building
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The Namshan Building, with an area of 290 m2, opened for SAR 3.2 million and was sold for SAR 3.5 million to investor Khalaf bin Abdullah Al-Aboud.
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12- Land and warehouses in Thiem neighborhood
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The land and warehouses of Thim neighborhood, with an area of 2,400 m2, where the bidding opened at 2.5 million riyals, and was sold for 5.5 million to the investor Mohammed bin Sulaiman Aldrees.
12- The land and warehouses of Thim neighborhood, which has an area of 2,400 m2.
On the other hand, the Liquidation Board announced that it has set Saturday, December 9 as the date for the fifth auction, which will also be held in Riyadh for a number of distinct investment opportunities.
