Al-Ghanim Real Estate and Public Auctions Foundation, under the supervision of the Enforcement and Liquidation Center «Enfaaz» and by decision of the Enforcement Court, announces the holding of a “Al-Nahda” hybrid auction (online and in-person) on Wednesday, June 26, 2024, at 4:00 p.m. The in-person portion will take place at the Le Méridien Hotel in Madinah, and the online portion will be held via the Saudi Auctions Platform.
The auction features 9 rare residential, agricultural, and commercial real estate opportunities in strategic and vibrant locations within the most important neighborhoods of Madinah. The first property is a farm in Al-Jassa neighborhood with an area of 82,296 square meters; the second is a traditional house in Al-Duweikha neighborhood with an area of 1,500 square meters; The third property is a residential and commercial building in Al-Maghaislah with an area of 272.4 square meters, and the fourth and fifth properties are two residential plots of land—the first in Al-Shuhada with an area of 570.57 square meters, and the second in Abu Buraika with an area of 537.5 square meters; the remaining properties consist of four residential buildings scattered throughout the neighborhoods of Madinah, such as a building in Al-Awali neighborhood with an area of 387.2 square meters, a building in the northeastern part of Al-Duweikha neighborhood with an area of 625 square meters, a building in Al-Duwayma neighborhood with an area of 182.81 square meters, and a building in Al-Tal’a neighborhood with an area of 161.74 square meters.
The properties are located along major arterial roads such as the Second Ring Road, the Airport Road, the Al-Haramain Train Station, and the Hijrah Walkway, and are distinguished by their proximity to the Prophet’s Mosque and the Quba Mosque, making them a uniquely strategic destination.
The auction is an attractive opportunity for those seeking promising investment opportunities in Madinah. Al-Ghanim Real Estate and Public Auctions welcomes inquiries via the following contact information: 050 831 0552 / 0504352859
