Ramal Al-Jazirah Real Estate Company is preparing to offer a number of unique real estate investment opportunities at two auctions (Abwab Jeddah and Louloua Jeddah) under the supervision of the Support and Liquidation Center (Enfaaz) and by order of the Enforcement Court.

In detail, Mr. Mohammed Al-Zahrani, General Manager of Ramal Al-Jazira, stated that the Abwab Jeddah auction will feature 12 residential, commercial, and agricultural properties, including buildings, land, and villas, located in Jeddah’s most sought-after neighborhoods such as Al-Marwa and Al-Safa. The auction will be held in person at the Hilton Jeddah Hotel on Monday, December 18, 2023, at 4:30 p.m.

The company will also organize the Jeddah Pearl Auction, featuring seven commercial and residential properties, the highlight of which is the auction’s unique “Pearl”—an investment plot on King Fahd Road 60 with an area of 11,040 square meters, in addition to four plots in northern Jeddah in the Al-Loulou and Abhur Al-Shamaliyah neighborhoods, a residential villa on the back of Medina Road, and a car showroom in southern Jeddah. The auction will be held in person at the Hilton Jeddah Hotel and online via the Saudi Auction Platform on Tuesday, December 26, at 4:30 p.m.

On this occasion, Mr. Mohammed Al-Zahrani invited businessmen and investors to participate in the two auctions and take advantage of the real estate opportunities on offer, noting the significant growth in real estate investment and the high demand from investors to purchase properties through auctions in the city of Jeddah, He expects the two auctions to attract significant interest due to the diversity of the properties and their strategic locations.