With geographical advantages and high quality of real estate products, Itqan Real Estate, Masdar Real Estate and Itqan First Real Estate succeeded in selling 12 diverse properties in the Medina area, with a total value of 327,235,991 SAR, within the (Afanin Taiba) public auction, which was organized, managed and implemented by the company, with all professionalism and excellence.
Itqan Real Estate, Masdar Real Estate and Itqan First Real Estate.
The properties sold varied between residential and commercial lands, in addition to a hotel, a palace, towers and shops, whose total area exceeded 156 thousand square meters.
In details, this came during the public auction, which was launched this afternoon, Thursday, Dhu al-Qa'dah 17, 1443 AH, at the Le Meridien Madinah Hotel, which was attended by a remarkable and distinguished presence of investors and citizens and was transferred via live streaming technology between the main hall in Madinah and in-person participation in the company's offices in Riyadh and Jeddah.
The auction was held in the afternoon.
On this occasion, Mr. Abdulaziz bin Fahd Al-Rasheed, Chairman of Itqan's Board of Directors, said: Abdulaziz bin Fahd Al-Rasheed said that the success achieved as a result of the features of the properties offered, as well as the geographical area in the beating heart of Medina and some of them in the central area, which is considered a religious tourist attraction and a destination for millions of Muslims around the world because it embraces the second of the two Holy Mosques, which is the object of the attention and care of the generous leadership, which was manifested by the recent visit of His Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud and the announcement of huge projects including the launch of the largest historical expansion of the Quba Mosque in line with the objectives of the vision.
Al-Rasheed added that these factors made the indicators of demand for real estate high among investors, in addition to the multiple pillars of safe investment attraction in the long term, and congratulated the investors who won the distinguished properties.
Al-Rasheed congratulated the investors who won the distinguished properties.
Al-Rasheed explained that all the products that were sold today were ready to reap investment returns and are rare and vary in size and use, which contributed to the spirit of competition among investors, praying to God to bless the buyers and perpetuate the Kingdom's progress and prosperity.
The Chairman of the Board of Directors of Itqan Real Estate extended his thanks and appreciation to all partners of Itqan and the working committees of the auction, which were a reason for the continued successes achieved by Itqan, and the liquidator thanked Masdar Real Estate Company for their great confidence in Itqan, which always cherishes its partners in success.
The liquidator also thanked Masdar Real Estate Company for their great confidence in Itqan, which always cherishes its partners in success.
For his part, Mr. Abdullah bin Saleh Al-Oufi, Chairman of the Board of Directors of Sources Real Estate Company, stressed that the success of the public auction of Afanin Taiba came as an inevitable result of the great economic growth witnessed by the real estate market, thanks to God and then thanks to the support and support provided by the Kingdom under its wise leadership, praising the professionalism and professionalism of Itqan in marketing and organizing the public auction according to the highest standards of quality and perfection.
It is worth mentioning that Itqan Real Estate Company continues its successes in managing real estate auctions worth billions of riyals in various regions of the Kingdom, and has added technology and artificial intelligence in its management in line with Vision 2030, in addition to owning the largest digital platform for electronic real estate auctions in the Kingdom, Al Dal Real Estate platform.
