Itqan Real Estate Company, one of the largest companies organizing and marketing auctions of all kinds, revealed the start of the public auction of the Al Multaqa land plan owned by Jeddah Development and Urban Development Company, on Wednesday, 26 Muharram, corresponding to September 25, at «Lailati» hall, on King Abdulaziz Road in Jeddah, directly after the afternoon prayer.

For his part, the General Manager of Itqan Real Estate Company, Engineer Abdulaziz bin Fahd Al-Rasheed, explained that the plan of the forum land is characterized by several advantages, foremost of which is its strategic location in the Naseem neighborhood in central Jeddah, as it is located on the front of several axes of main roads, such as Prince Majid Road, which leads to the entrance to the new King Abdulaziz International Airport, as well as the proximity of the plan to the main Haramain Express train station, which is only four kilometers away, all these advantages increase the demand of businessmen and investors.

These advantages increase the demand of businessmen and investors. In a statement to Amlak Real Estate Newspaper, Al-Rasheed added that another advantage of the Al-Multaqa land plan is that it is in the middle of several service facilities of great importance, including commercial, recreational and educational facilities, such as King Abdulaziz University and King Fahd Library, in addition to a number of educational institutions such as schools, institutes and colleges, in addition to its proximity to several commercial centers, most notably Al Salam Mall and Al Andalus Mall, and the plan is close to health facilities such as the University Hospital.

The plan is also characterized by its proximity to health facilities, such as the University Hospital.

The General Manager of Itqan Real Estate Company, Engineer Al-Rasheed, confirmed that the company works to organize and manage auctions with high professionalism and professionalism, according to a clearly defined vision, which enabled it to accomplish many auctions, most notably its success in selling the Safwa plan in Jeddah with sales exceeding 400 million riyals, as this enhanced the confidence of its customers spread in all regions of the Kingdom, calling on investors and businessmen to seize this opportunity and attend at the specified time and place for the auction of the Forum Land Plan in Jeddah.

Rasheed

Information about Jeddah Al Multaqa Land Auction:

First: Features of the plan:

It is located near the largest commercial centers in Jeddah, namely Al Salam Mall and Andalus Mall, and next to Emaar Square project.

- Located near King Abdulaziz University, which includes King Fahd Library and the University Hospital.

<The property is located behind Jeddah's main Haramain train station. It is located on Prince Majed Road, which is the main axis extending from south to north for the city of Jeddah.

Secondly: Terms of entry for the auction:

The presence of the buyer or his legal agent.

<The buyer presents a bank check in the name of Jeddah Development and Real Estate Development Company in the amount of one hundred thousand riyals per piece. The check is considered part of the value of the property to whoever wins the auction and is not entitled to be refunded.

Whoever wins the auction must pay 20% of the value at the same time of the auction and the rest after emptying within a maximum period of 30 days.

The successful bidder shall write a check for 2.5% of the property price and VAT on the bid in the name of (Itqan Real Estate Company) at the time of award and signing the contract.

<The bidding check will be returned immediately if the auction is not awarded to the bidder. <The Board's option is forfeited if the auction is awarded.