Itqan Real Estate has launched a marketing campaign for its third virtual auction, scheduled for 27/11/1442 AH, corresponding to July 7, 2021, to sell a portfolio of properties offering attractive investment returns and prime locations in the Makkah region, via live streaming on the company’s YouTube and Twitter channels and a number of satellite TV channels, in accordance with social distancing guidelines.
Mr. Abdulaziz bin Fahd Al-Rashid, Chairman of the Board of Directors of Itqan Real Estate Company, explained that the properties consist of four lots in the city of Makkah: ”Al-Aziziyah West, Al-Rasifa, Al-Zahra, and Al-Aziziyah Complex," with a total area of 42,550 square meters. These properties are designated for mixed-use residential and commercial development and are strategically located in the hotels and services district, close to the Haramain Railway and the roads leading to the Grand Mosque.
Al-Rashid noted that the fifth distinctive property is the Palestine Street Towers, located in the Mushrifa neighborhood of Jeddah near Makruna Street, which consist of three residential and commercial towers with a total area of 4,138 square meters, standing nine stories high and containing 140 distinctive residential units and 27 commercial showrooms.
Al-Rashid noted that the sixth property is a plot of land in A’ali Al-Hada in Taif, the ”Bride of Summer Resorts,” located 10 kilometers from Taif and 40 kilometers from Makkah, with a total area of 62,648 square meters on the peaks of the Al-Hada Mountains, which represent the best locations for tourism investment.
Al-Rashid noted that those interested can participate in person at the company’s offices in Riyadh, Mecca, Jeddah, Al-Khobar, and Al-Qassim, where these branches will be directly connected to the studio for live bidding, in accordance with health precautions.
Those wishing to participate in the auction can also do so electronically from anywhere in the Kingdom and abroad via ”Zoom” and “WhatsApp,” in accordance with transparent and documented procedures designed to broaden participation.
At the conclusion of his – his statement – the Chairman of the Board of Directors of Itqan Real Estate Company invited investors and citizens to visit the company’s website for more details and information on these distinctive properties, which present a golden opportunity with significant investment returns, or to contact customer service at (920001019) (0550052000), or via social media channels.
