On April 18, the Eastern Province will witness the auction of the second phase of the Durrat Al Khaleej contribution at the Dhahran Palace Hotel next to Saudi Aramco Gate No. 2.
\nThe supervisory committee of the auction, which is the Committee for Troubled Real Estate Contributions, the General Court in Al-Khobar, the Department of Seizure and Execution, the legal liquidator Dr. Abdul Hamid Bin Khaneen for Legal Consultancy and Lawyers, in addition to Al Rumaih Holding Group, the marketer of the contribution, said that the auction will be held on the developed part of the plan, which has an area of 1.417 million square meters distributed on 900 developed plots, including residential, commercial and service, integrated services ranging from 500 to 2,400 square meters.
\nThe committee pointed out that this is the second phase of Durrat Al Khaleej's contribution, as a public auction was recently held for the first undeveloped phase, which covers an area of more than 800,000 square meters and was sold after great competition among the real estate companies that attended the auction with a total value of about 158 million riyals at a price of 182 riyals per square meter.
\nThe committee set the terms of the sale as 50 percent of the land's value at the auction, 2.5 percent as a price, and the obligation to pay the rest of the value by bank check within ten days from the date of the sale.<\/p>","protected":false},"excerpt":{"rendered":"
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