Al-Masar Real Estate Investment Company is offering a number of agricultural plots in Arqa, in the Al-Qurashiyah area near the dam, as well as commercial land in the Al-Sahafa neighborhood within the commercial strip. All of these properties belong to the heirs of Sheikh Abdulaziz bin Ibrahim Al-Qurashi, may God have mercy on him. The auction is scheduled for Saturday, 5/8/1436 AH, corresponding to 5/23/2015 AD, immediately after Asr prayer at the farms’ location.
Badr bin Nasser Al-Masaar, General Manager of Al-Masaar Real Estate Investment Company, explained that the farms’ most significant distinguishing features are their geographical location within the urban area of Riyadh, their proximity to services, and their easy accessibility via several major roads, in addition to an abundance of water and access to all utilities. Some plots feature artesian wells and date palms and offer a magnificent view of the Wadi Hanifa Dam .
He noted that the plots meet all needs due to their varying sizes, with the land lots up for auction ranging from 4,321 m² to 65,639 m², totaling 199,000 m². Some of them feature features date palms and artesian wells. It is rare to find plots of the same size in the same area.
Al-Masar also noted that the timing of the auction was chosen due to the high demand for the area, the scarcity of available land, and the region’s development into a recreational and leisure destination—thanks to its stunning natural beauty and the support and attention it receives from our wise government— In addition, it is possible to establish recreational projects in the same area that would yield a lucrative return on investment.
In the same auction, Ras Balak will be offered in the commercial strip on Imam Saud Al-Faisal Road, opposite the Rafal Tower in Al-Sahafa District. It is strategically located between King Fahd Road and Al-Olaya Road on Imam Saud Al-Faisal Road, with an area of 1,612 square meters, situated between towers in a commercially significant area with a high concentration of government offices, hotels, and major companies, presenting an opportunity for developers.
The auction is expected to attract significant interest due to the site’s prime location, the strength of the real estate market, and the abundance of opportunities. Al-Masar Company has extensive experience in managing real estate auctions, a long track record in the real estate sector, and a highly experienced and competent marketing team specializing in real estate marketing.
