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One billion and 55 million riyals is the value of the bold investments that the Kingdom attracted last year, and the number of deals in Saudi Arabia’s startups grew by more than 54% compared to 2020, with a total of 139 deals.
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Million-square-meter space and innovative designs
“Imtakan al-Aqiriyah” begins marketing the “Joohaar Abhar” project in Jeddah
Al-Amal – Follow-ups
Etqaman Real Estate has completed all the preparations to start marketing the (Joohaera Abhar) project located in the northern part of Jeddah, on a total area of one million square meters, with distinctive designs and varying sizes, which will be sold through an auction. This represents an investment opportunity that investors in the city of Jeddah, the capital of the Mosafer region and the gateway to the Holy Haram, are eagerly awaiting.
The Chairman of Etqan Real Estate Company, Mr. Abdulaziz Bin Fahd Al-Rashid, explained that the project is located in the Northern Arabian Sea, which represents one of the most important neighborhoods with abundant services and a popular area for residents, and includes a group of good properties with high returns that meet various needs.
Al-Rashid confirmed that the project is located in an area characterized by rapid and continuous urban development, making it one of the best markets for real estate investment, noting that what distinguishes it is its proximity to important main roads and close to vital centers.
Al-Rashid noted the variety of residential, commercial, and garden products, as well as the various spaces in the park and mosques included in the plan, along with the completion of the infrastructure of the plan, which is considered one of the model plans in Jeddah, which is one of the investment attractions in the Kingdom.
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“Dar al Qaimas” organizes the auction of Dar al-Qurba in the first of February next year
Al-Amal – Private
Dar Qaim Auctions announced that it is organizing an open auction of Dar Qurtuba, offering a unique opportunity to purchase a plot of land in the Qurtuba neighborhood in the northeast of Riyadh with a total area of 66,756,01 square meters, on the evening of Tuesday, February 1, 2022.
The land under consideration is characterized by its location amidst the first investment and residential areas; due to its strategic location near government universities and private colleges such as Princess Noura bint Abdul Rahman University, Imam Muhammad bin Saud Islamic College, Dar Al-Uloom Educational Complex, and the Saudi Electronic University.
The Dar Qaimas company emphasized that the Dera Qurbata auction gains importance thanks to the excellence of the raw land, which investment experts indicate that there are multiple opportunities to divide the land into plots suitable for high-quality investments.
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A gem with high investment value
“Identity for Auctions” will auction the land of the Mesatinis in Buraydah
Hiyya Auctions announced that it will hold an open auction for the sale of a raw land in Mutinatayn in the north of Buraydah, with an estimated area of more than two million square meters, on Wednesday, February 9, 2022.
The area surrounding the Mutina is characterized by its proximity to the two largest main highways; King Abdulaziz Highway and Umm Al-Qura Highway. It directly overlooks the approximately 3-kilometer-long Northern Ring Road, which is part of the National Highway connecting Riyadh, Al-Qassim, Hail, and Medina, and a bustling commercial strip. It also overlooks King Khalid Highway, approximately 800 meters long, and its vast outskirts are home to the most vital and bustling roads.
Identity Auctions stated that the strategic location increases its investment value, as does the urban growth and the population trend; it also features easy access from the most important important service centers.
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Qaim Real Estate Company sells 8 properties in the Riyadh skyline auction
Under the supervision of the Enforcement Support and Liquidation Center, Qimar Real Estate successfully organized the Riyadh View Auction last Tuesday at the Riyadh Night Lights Hall for celebrations and conferences in Riyadh. All the lots that were put up for auction were sold:
Five different plots of land in the Zahra Ban Bin neighborhood in western Riyadh, with areas ranging from 600 to 900 to 1200 square meters. A commercial property (a commercial facility) in the Tuqiq neighborhood with an area of 5159 square meters, and the auction also included a plot of land in the Najrashi neighborhood with an area of 3844 square meters, a residential house in the Al-Imam neighborhood in the south of Riyadh, and a group of businessmen and investors participated in the auction.
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4 billion 197 million riyals worth of land sale in Qatif
With a total value of 4 billion 197 million riyals, the auction of the Tarot land contribution in Qatif was placed by Ammar Real Estate Company represented by businessman Abdulhadi al-Qahtani, with the price per square meter of the land, which has an area of 5.348 million square meters, amounting to about 370 riyals.
The Real Estate Contributions Committee described the auction held under its supervision as the largest in the history of Real Estate Contributions.
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