Al-Arjwan's stalemate ends; 18 lots auctioned for SAR 49.5 million

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The Real Estate Contributions Committee at the Ministry of Commerce and Industry completed yesterday the sale of the Al Arjwan auction in King Abdullah neighborhood between exits 11 and 12, where the auction witnessed a large turnout of those wishing to buy and a number of those interested in real estate, following the issuance of the royal order to approve the plan, which had a great impact in motivating buyers.

Real Estate Contributions Committee was able to sell the number of the remaining 18 pieces. The Real Estate Contributions Committee was able to sell the number of the remaining 18 pieces, and the auction opened at a price of 2250 riyals per meter and the sale was accepted by the committee at 3400 for the first piece, then the sale continued on the rest of the pieces and the last piece was sold at 2900 riyals per meter to make the total amount of the sale more than 49.5 million riyals, while the total sales of the contribution amounted to 232 million riyals.

It is noteworthy that the emptying of the lands began effectively last Sunday for the approved buyers who purchased them earlier at the auction site in order to facilitate them, which was done for the auctioned lands where the emptying was immediate and at the same location.

Remember that the emptying was immediate and at the same location.