In the fastest deal to sell the 600,000 square meter Al Kharj Road Warehouse Scheme

"Rasheed": The success and speed of the deal comes as a result of investors” confidence in the real estate market

Itqan Real Estate succeeded in marketing and selling the 600,000 square meters warehouses plan on Al Kharj Road, in less than 48 hours from its mandate to sell and market with a total value of 280 million riyals to a group of investors in the fastest transaction consistent with the development in the real estate market and the qualitative shift witnessed by the Saudi economy in light of the objectives of Vision 2030.

Rasheed: The success and speed of the transaction comes as a result of the confidence of investors in the real estate market.

The Chairman of the Board of Directors of Itqan Real Estate Company, Mr. Abdulaziz bin Fahd Al-Rasheed, explained in a press statement on this occasion, that the deal was completed with great success, thanks to God and then the confidence of the investors in the company, which is proud of this and considers this success an extension of the continuous successes that have been achieved, indicating that the real estate market in the Kingdom is strong and robust and is a key driver for the strong Saudi economy.

Al-Rasheed pointed out that the company succeeded in concluding and selling the deal in record time and sold at a very appropriate price consistent with the location of the plan, which is located south of the capital, which investors and real estate investors are keen to invest in because it is the focus of attention for investors and the vital and promising real estate projects are witnessing more confidence among real estate investors wishing to invest safely.

At the end of his statement, Mr. Abdulaziz Al-Rasheed pointed out that Itqan Real Estate Company, thank God, succeeded during the current year, despite the Corona pandemic, in conducting marketing campaigns and auctions for many real estate deals and carried out direct sales and public auction operations according to the highest standards of transparency, and relied in this by harnessing modern technology while taking into account the application of precautionary measures that contributed to clarifying the features of the property for investors and real estate and quickly selling them at prices consistent with the strategic location of the properties and the returns that investors may obtain in the near future.

Rasheed