{"id":63716,"date":"2024-03-06T11:43:04","date_gmt":"2024-03-06T08:43:04","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=63716"},"modified":"2025-11-26T20:18:55","modified_gmt":"2025-11-26T20:18:55","slug":"%d8%a8%d9%8a%d8%b9-53-%d8%b9%d9%82%d8%a7%d8%b1%d9%8b%d8%a7-%d8%a8%d9%82%d9%8a%d9%85%d8%a9-168-6-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%b1%d9%8a%d8%a7%d9%84-%d9%81%d9%8a-%d8%a7%d9%84%d9%85%d8%af%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/63716\/","title":{"rendered":"53 properties worth SAR 168.6 million sold in Medina last February"},"content":{"rendered":"

Medina witnessed the sale of 53 properties through 8 electronic auctions worth about 168.6 million riyals during the month of February, according to Attribution and Liquidation Center \u201cEnforcement\u201d<\/a><\/strong>.<\/p>\n

Recovery of the real estate market in Medina\u00a0<\/strong><\/span><\/h4>\n

The center said that last February, Medina witnessed an active movement in the real estate market, after 53 properties were sold through 8 electronic auctions under the supervision of the center and with the decision of the execution court.<\/p>\n

The center added \u201cEnforcement<\/a><\/strong>\u201cThe properties sold varied between commercial lands and residential lands. In addition to residential buildings, commercial buildings and residential houses, he explained that the sale of 8 properties was completed in the \u201cRehab Yathrib\u201d auction, which was held from February 25 to 29 for about 41.4 million riyals.<\/p>\n

10 properties sold at Bashaer Al Madinah auction\u00a0<\/strong><\/span><\/h4>\n

In the same context, 10 properties were sold in the \u201cBasha'ir Al Madina\u201d auction, which was held from February 11 to 15, with a value of about 34.6 million riyals, and the \u201cWealth of the City\u201d auction was held from February 4 to 7, which witnessed the sale of 7 out of 28 properties with a value of about 6.7 million riyals. The \u201cShurooq Al Madinah\u201d auction recorded sales of about 2.6 million riyals for two properties.<\/p>\n

These sales are a positive indicator of the improved movement of the real estate market in Medina. These sales also emphasize the desire of investors to invest in Medina, especially in light of the urban developments taking place in the city.<\/p>\n

During the past year 2023, the real estate market in Madinah witnessed a remarkable improvement, with real estate prices increasing by 10% compared to 2022. While the factors that contributed to this improvement varied, including the increasing population growth. Urban developments in the city. In addition to increasing investments in the city. Low interest rates.<\/p>\n

Among the most important real estate activities that witnessed an increase in prices are commercial land, residential land, and apartment buildings. While some other activities witnessed a decrease in their prices, such as residential houses and agricultural lands. Real estate experts predicted that the real estate market in Medina will continue to improve through 2024, especially in light of continued urban developments and population growth.<\/p>\n

 <\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

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