During today’s event at a public auction, a residential building in the prestigious Al-Waziriya neighborhood was sold for a price of 3 million and 800 thousand Saudi riyals. This event attracted many people interested in real estate and investors in the Kingdom of Saudi Arabia.
The residential building, which has an area of 750 square meters, witnessed intense competition among bidders wishing to acquire this exceptional property. What distinguishes this building is not only its area, but its strategic location in the Al-Waziriya neighborhood, which is considered one of the most desirable areas in the city.
In the statements of the person who won the auction, he told us in his statement, “In the name of God, God willing, I was able to win the auction. I offered a price and there were competitors, but I thought that the building deserved a higher price. That’s why I added to the price and it was my share, thanks to God.”
Residential architecture auction
– Asmae Belqis Sabry (@AsmaeBelqiss) October 2, 2023
The buyer, one of the well-known businessmen in the region, expressed his happiness at winning this auction, and indicated that this investment reflects his confidence in the Saudi real estate market and the great potential it holds.
On the other hand, some observers of real estate affairs considered that the price per square meter in the Waziriya neighborhood was exaggerated, and that the price at which it was sold was unreasonable and imaginary.
2023-12-22 22:41:40
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