With the participation of more than 2000 investors and citizens, the consortium of Itqan Real Estate and Dal Real Estate Services succeeded in selling half of Jawhara Abhar located in the northern Abhar area of Jeddah, as a first phase, achieving sales of more than 859 million riyals.
Auctioning the first phase of the Jewel of Abhar scheme, which is located in the northern Abhar area of the city of Jeddah.
To make the auction a success, technologies were employed to bid remotely through the Zoom program and direct link with the company's headquarters in Riyadh and Itqan Real Estate's social media channels, where 215 residential and 52 commercial plots were sold from the plan, which has a total area of one million square meters and is one of the typical and distinctive plans in Jeddah, the bride of the Red Sea and the gateway to the Two Holy Mosques.
The auction was held in the first phase of the auction. On this occasion, Abdulaziz bin Fahd Al-Rasheed, Chairman of the Board of Directors of the coalition of Itqan and Al-Dal Real Estate Companies, explained that the prices were distinctive and varied between 4600 riyals for the commercial meter and 2200 riyals for the residential meter for the pieces of the plan, which is one of the most important neighborhoods in Northern Abhar, which is abundant with services and is an attractive area for residents that is famous for its high organization in infrastructure and completeness of services.
Rasheed said. He also extended his thanks and appreciation to the sons of Mohammed Al Saad Al Ajlan, the owner and developer of the scheme, for their trust and support for the alliance of Itqan and Al Dal Real Estate in entrusting the management of the distinctive auction.
The Chairman of the Board of Directors of Itqan and Al Dal Real Estate Companies congratulated those who were lucky enough to buy the products of the scheme, which is one of the most important neighborhoods in Abhar Al Shamaliya, which is abundant with services and is an area famous for its high organization, infrastructure and completeness of services. For his part, Sheikh Abdulaziz bin Mohammed Al Saad Al Ajlan, Chairman of the Board of Directors of Sons of Mohammed Al Saad Al Ajlan Company, said that the success of the first phase of the Jewel of Abhar auction reflects the confidence of Saudi investors in the real estate market, which is a nucleus of safe investment in Saudi Arabia, indicating that the turnout witnessed by the auction and the prices achieved in the sale deals for all plots and «blocks» of the scheme confirm the excellence of the city of Jeddah, the gateway to the Two Holy Mosques and a promising investment destination.
