Continuing its track record of success in the auction industry, Dar Al-Qiyas Auction House, under the supervision of the Enforcement and Liquidation Center «Enfaaz,» announces that it is organizing Juman Auction which showcases a number of mixed-use investment opportunities ranging from the construction of towers, shopping malls, or commercial projects that generate substantial profits and returns, These properties are distinguished by their strategic locations in the most prestigious neighborhoods of Al-Khobar, such as Al-Hizam Al-Dahabi, Al-Rawabi, and Al-Hada, and their proximity to major highways, King Abdullah Road and King Fahd Road, in addition to their large floor areas, making them unique opportunities that attract the attention of investors, developers, businesspeople, and citizens.
The auction will be held at the Sofitel Al Khobar Hotel and will span two days. The first auction will take place on Tuesday, October 4, 2022, and will feature a number of rare commercial properties, while the second auction will take place on Wednesday, October 5, 2022, and will feature a number of residential properties distinguished by their locations near vital facilities, centers, and complexes.
Among the most prominent commercial properties on offer is, first, a plot of undeveloped land subject to planning in Al-Rawabi, one of Al-Khobar’s most prestigious neighborhoods, located on King Fahd Road at the intersection with Prince Sultan Road, across from Dhahran Tower and near Eastern Cement Towers. This plot features a large area of 42,818.63 square meters. Second, a commercial and residential plot in Al-Olaya district, comprising 17 lots and located on King Abdullah Road (formerly Khadim Al-Haramain Road) at the intersection with Makkah Road, The land boasts a prime location near Al-Rashid Mall, across from Venice Mall and the Foco Hotel, with an estimated area of 19,044.5 square meters. Third, properties of various sizes located in the Golden Belt neighborhood.
As for residential properties, three residential blocks of varying sizes stand out in Al-Hada neighborhood, one of the most prestigious neighborhoods in Al-Khobar. Their strategic location is distinguished by its proximity to Dhahran Mall, Al-Rashid Mall, and Al-Khobar City Walk complex.
Dar Al-Qiyas Auctions noted that these real estate opportunities are situated along major thoroughfares, making them easily accessible, and are located in densely populated neighborhoods, which makes them a fertile ground for real estate investment. It also noted that Al-Khobar is currently considered one of the most promising and dynamic cities for investment in the Kingdom.
Dar Al-Qiyas Auctions invited investors, developers, businesspeople, and all interested parties wishing to inquire and learn all the details of the properties on offer to contact them via the toll-free number 920011513 or through the company’s email [email protected] or to review all details published in the file below.
