Under the supervision of the Enforcement and Liquidation Center ”Enfaẓ” and by order of the Enforcement Court, Dar Al-Qiyas Auction House announced that it will organize “Masharef Makkah” online auction to sell a collection of properties in the Holy City of Makkah, which are characterized by strategic and promising locations. The auction will open on Tuesday, April 12, 2022, corresponding to September 11, 1443 AH, at 10:00 a.m. and will end on Sunday, April 17,2022, corresponding to 16/09/1443 AH, from 10:00 p.m. to 11:00 p.m., on the “Saudi Auctions” platform.
The auction features seven properties (villas, apartment buildings, and a traditional house), with uses ranging from residential to commercial and office, located in the neighborhoods of Al-Hindawiyah, Al-Omrah, Al-Salam, Al-Aziziyah, Al-Nuzhah, and Mahallah Al-Ma’abadah.
“Dar Al-Qiyas Auctions” has invited investors and businesspeople to participate in the auction and invest in the best and holiest of places on earth, emphasizing that the market in Makkah is one of the most competitive in the region, and is characterized by stability, growth, and development due to the increasing demand for real estate in the Holy Capital, which aims to welcome 30 million Hajj and Umrah pilgrims by 2030, in line with the Kingdom’s Vision targets.
On this occasion, the company released an introductory guide to the auction outlining the conditions for participation and explaining the steps required to enter the auction via the “Saudi Auctions” platform.