The auction of the Dana Al Rams project located on the Arabian Gulf in Qatif achieved a record in the sale of plans, as it reached 3.5 billion riyals for the plan located on an area of 3.5 million square meters within two days, and the auction witnessed a large turnout of real estate enthusiasts, investors and buyers exceeding 3,000 people, while the price per meter for the pieces ranged between 1200 to 1800 riyals.
The auction included about 3000 residential and commercial plots, making the plan the largest in the Eastern Province. The auction, which was held in the hall of the Sheraton Hotel in Dammam, included about 3000 residential and commercial plots, making the plan one of the largest plans in the Eastern Province, where 50% of the plan was sold on the first day, while the sale was completed until twelve in the night of the second day, confirming the strength of the desire to buy and invest in the plan.
On the occasion, the auction was followed by the Sheraton Hotel in Dammam and the Sheraton Hotel in Dammam. On this occasion, Ajlan bin Saad Al Ajlan, President of Ajlan & Brothers, appreciated the interest of the audience in the auction, explaining that the sale of the auction in record time reflected a number of conditions on the local scene, pointing to the number and quality of the large attendance that attended the auction, as well as the immediate executive to buy and take advantage of the investment opportunities provided by the plan, especially in the residential development sector.
On this occasion, Ajlan bin Saad Al Ajlan, President of Ajlan & Brothers, praised the interest in the auction. Al Ajlan stressed that the auction sales reflect the size of the demand for real estate products, and at the same time a very strong indicator of the strength of the national economy and the ability of the real estate sector to meet the investment demand, which will help in the housing settlement project and the construction of 1.5 million housing units over the next five years.
Ajlan stressed that the auction sales reflect the size of the demand for real estate products. The plan, which is owned by real estate entities, Al Noah Real Estate Company, Abdullah Al Suleiman Real Estate Group, Talal Al Ghoneim Group, Ajlan & Brothers, is considered one of the distinctive quality plans in Qatif, and Abdullah Al Noah, CEO of Al Noah Company, says that the plan is characterized by its strategic location, overlooking the Arabian Gulf from the Nasra neighborhood of Qatif city, and the plan was linked by two bridges that are among the most important strategic road projects in Qatif Governorate.
Abdullah Al Noah, CEO of Al Noah Company, said that the plan is characterized by its strategic location.
