Aqar1 Public Auctions Company, in collaboration with the judicial liquidator “Bassam Mohammed Rashid Al-Baqawi,” has completed its preparations to offer a valuable real estate investment opportunity in Jeddah through a hybrid public auction; the event will take place in person on Wednesday, November 8, 2023, at the Qaloria Hall in Jeddah and online via the (Dal Platform).
On this occasion, the General Manager of Aqar1 Public Auctions explained that the opportunity consists of a rare commercial and administrative property in the “Bride of the Red Sea,” emphasizing that the property’s size and unique location make it one of the most significant real estate opportunities in Jeddah due to its exceptional location. For his part, the company’s Deputy General Manager noted that the real estate market eagerly anticipates such opportunities, which he described as a unique real estate treasure, owing to its distinctive location and high return on investment for those seeking sustainable real estate investments.
Specifically, the property is situated on three streets, including Prince Saud Al-Faisal Street in the Al-Rawda neighborhood in downtown Jeddah, which is characterized by its proximity to and connectivity with all major thoroughfares and roads, such as King Abdulaziz Road, the Corniche Road, Madinah Road, King Fahd Road, Prince Sultan Street, andSari Street, Al-Tahlia Street, and Hira Street, forming an ideal network that connects the commercial center to Jeddah’s most important landmarks—the Jeddah Islamic Port, King Abdulaziz Airport, Jeddah University, the Sports City, and the Entertainment City— as well as numerous government offices, hospitals, public and private schools, shopping malls, markets, international hotels, and skyscrapers along the Jeddah Corniche.
