Itqan Real Estate is holding an auction today “Al-Aali” and is offering 4 properties in Riyadh for sale
Itqan Real Estate announced that it has completed all arrangements to launch the auction “Al-Aali“, which it is conducting to sell four real estate opportunities in Riyadh, ranging from buildings to mixed-use land, on Sunday, 29 Dhu al-Qi’dah, corresponding to June 18, 2023, at exactly 4:30 p.m. at the JW Marriott Ballroom in the Rafal Tower. The auction will also be broadcast via the Al-Dal Real Estate Auction Platform.
In more detail, “Itqan Real Estate” explained “ that the four investment opportunities are the Al-Arijah Building, a gas station, the Al-Zahra Building, and the Gouna Al-Takhasusi plot of land, which are geographically distributed across the most promising neighborhoods poised for urban expansion and development in the capital.
”Itqan Real Estate“ specified that the properties on offer are: the Western Ring Road gas station, located within a vibrant area bustling with commercial activity and covering a total area of 4,125 square meters with full services; The second property is the Al-Zahra Commercial and Residential Complex in the western part of the capital, comprising 8 lots and covering an area of approximately 4,080 square meters in a densely populated location with logistical services available, The third property is the Al-Arijah Commercial and Residential Building, which spans 2,566.27 square meters and offers a direct view of Madinah Street, one of Riyadh’s most important transportation hubs, It features a showroom and ready-to-rent residential apartments designed to generate financial returns.
Also among the properties offered at the ”Al-Aali“ auction is the Juna Specialized Land, a commercial plot with a total area of 30,557.24 square meters in the Al-Mounasiya neighborhood of Riyadh. With its prime location in the eastern part of the capital—along the city’s population expansion corridor and home to government, service, and commercial facilities—it represents a promising investment opportunity.
”Itqan Real Estate“ stated that what distinguishes real estate in the Riyadh region is the significant growth the Saudi real estate market is experiencing and the steady acceleration in demand for home ownership in Riyadh—the center of political decision-making in the world’s largest oil-producing nation and a political and economic driving force in light of the ambitious Vision goals led by His Royal Highness the Crown Prince—may God guide him—which has made the Kingdom and its capital, Riyadh, the focus of global attention.
It highlighted various aspects of real estate investment, development, and marketing in general, where services are expanding in both scope and quality due to the location’s significance in light of the objectives of the Kingdom’s Vision 2030, a major leap forward in tourism and development projects spearheaded by the wise leadership, alongside the significant liberalization of tourist and visitor visas and the increase in the number of Umrah pilgrims and visitors.
”Itqan Real Estate“ called on developers, investors, and citizens interested in purchasing or bidding on ”Al-Aali Properties” to proactively fulfill all conditions listed in the company’s official accounts before the start of the in-person auction; You can also contact the company with any questions via its website, by calling customer service at “920001019,” by mobile at “0539962000,” or by mobile at "0500106030." We pray to God for success for everyone.
Sale of 4 Properties in Riyadh
