Rafal Real Estate Development has appointed Howaya Auctions to market and sell the Al-Narges Suburb development, located north of the capital Riyadh. The appointment was made in the presence of Rafal’s Managing Director Saleh Al-Hanaki, the company’s CEO Elias Abu Samra, the Vice Chairman of the Board of Directors of Howaya Auctions Company Mohammed Al-Olayan, and the company’s CEO Abdullah Al-Askar.

Abdullah Al-Askar “Abdullah Al-Askar” stated that the agreement will have a positive impact on the real estate market in northern Riyadh, given the residential and investment advantages of the project, starting with its prime location in one of the most prestigious and desirable areas for both living and investment, and its proximity to major roads and landmarks such as King Salman Road, Abu Bakr Al-Siddiq Road, King Khalid International Airport, and other landmarks that distinguish the Al-Narges Suburb project.

He emphasized "Elias Abu Samra" on the importance of the auction’s timing, as the project is nearing final handover and will help bridge the supply gap with more than 400 villas and 250 residential apartments.

The agreement includes "Hawaya" handling marketing management and holding the auction at the end of this month on Monday, March 28, 2022, God willing.