The Makkah Chamber continues to organize its public auctions, where a new auction will be held tomorrow afternoon, Monday, in cooperation with the Third Circuit of the Execution Court in Makkah to sell eight different properties, including the sale of properties belonging to the heirs of Turki Khalifa Al-Masloukh located in Makkah, which is a five-story building leased to a school on Malakia Street in the Atibiya neighborhood, a group of shops and a large workshop, and a number of four villas, each villa consists of two floors and annex in the Nawariya neighborhood, with a total area of 1600 m2, based on the ruling issued by the General Court of Makkah Al-Haramah.

On the basis of the ruling issued by the General Court of Makkah. The auction will be held tomorrow immediately after the afternoon prayer at the headquarters of the Chamber of Commerce in Makkah Al-Mukarramah, Al-Zaidi neighborhood (Al-Takhasoosi), according to several conditions, including bringing a certified check in the name of the head of the Third Execution Department at the Execution Court in Makkah in the amount of two hundred thousand riyals of the purchase value of the property (so that a special check is brought for each property) and the heirs have the right to enter the auction and the request for pre-emption is not accepted on the bidder after the auction ends.

It is worth mentioning that the Chamber pumped in less than two weeks about half a billion riyals in the Meccan real estate market, by organizing five real estate auctions in a precedent considered the first of its kind in the history of the Chamber, which made the Chamber during the past days a real destination for major investors in the real estate sector, ignoring the crises of neighboring international markets and the decision to impose fees on white lands with its consequences that cast a shadow on real estate markets in the regions and provinces of the Kingdom.

With the decision to impose fees on white lands with its consequences that cast a shadow on real estate markets in the regions and provinces of the Kingdom.