“Amlak Real Estate Newspaper” plans to honor the real estate professionals who provided the closest estimates of the value of the Al-Ghadeer land, regarding which the newspaper conducted a survey to determine its estimated value,  prior to its auction as part of the estate of Sheikh Saleh Al-Rajhi, may God have mercy on him. The newspaper will announce details of the awards for the winners whose estimates fell within a margin of (+ – 10%) of the final sale price of the land at a later date.

“Amlak” had anticipated the auction and surveyed a large number of real estate professionals regarding the market value of the Al-Ghadir land, which the real estate sector had been eagerly awaiting due to its investment potential, making it a focus of interest for major companies and entities. The Public Investment Fund successfully purchased it at the auction of Sheikh Saleh Al-Rajhi’s estate for 2.17 billion riyals, at a rate of 5,000 riyals per square meter.