Adair Real Estate sells the land of Hateen palaces in Riyadh for an amount exceeding one billion

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The Elite Auction witnessed wide participation of businessmen and real estate investors

Adeer Real Estate Company succeeded in selling the land of Hateen palaces located in the city of Riyadh for an amount exceeding one billion riyals, during the “Elite Auction” organized by the company in the Khuzama Conference Hall in Riyadh, under the supervision of the bankruptcy trustees of the liquidation of Saudi Oger Company Ltd., Muhammad Fida Bahjat and Asaad Saleh Basoudan.

The auction was marked by a wide participation of businessmen and real estate investors who competed among themselves in submitting bids to purchase the land of Hateen palaces, which has many advantages that make it a unique investment opportunity, the most important of which is the strategic location of the project in the heart of the Hittin neighborhood, which is considered one of the most important residential neighborhoods in North Riyadh, where the project is an ideal place for a successful real estate investment.

Mutab bin Hamad Al Saad, the founding partner and CEO of “Adeer Real Estate”, said that the sale of the entire land of Hateen palaces in a record period of time, and a high financial value, confirms the importance of this project and the efficiency of investment in it. In addition, the northern region of Riyadh is witnessing urban growth. Continuous, with the implementation of many important development projects, which enhance the importance of this region and make it a promising investment destination for investors and real estate developers.

He added, “The success of the elite auction in selling the land of Hateen palaces confirms the strength of the real estate sector in the Kingdom, and indicates an expected improvement of the market during the current year 2021 and wide opportunities for growth with the Kingdom’s recovery from the effects of the Corona pandemic, and the increase in government support for this important sector in order to achieve Saudi Vision 2030.” “.

Al Saad indicated that the city of Riyadh is looking forward to a prosperous development future, and is preparing to excel over many global capitals with the quality of life in it, after the completion of the implementation of its four major projects and many other development projects that enhance its position as a qualitative destination for investment and make it one of the best cities in the world. .

Adair Real Estate sells the land of Hateen palaces in Riyadh for an amount exceeding one billion riyals

Previously

Adeer Real Estate Company succeeded in selling the land of Hateen palaces located in the city of Riyadh for an amount exceeding one billion riyals, during the “Elite Auction” organized by the company in the Khuzama Conference Hall in Riyadh, under the supervision of the bankruptcy trustees of the liquidation of Saudi Oger Company Ltd., Muhammad Fida Bahjat and Asaad Saleh Basoudan.

The auction was marked by a wide participation of businessmen and real estate investors who competed among themselves in submitting bids to purchase the land of Hateen palaces, which has many advantages that make it a unique investment opportunity, the most important of which is the strategic location of the project in the heart of the Hittin neighborhood, which is considered one of the most important residential neighborhoods in North Riyadh, where the project is an ideal place for a successful real estate investment.

Mutab bin Hamad Al Saad, the founding partner and CEO of “Adeer Real Estate”, said that the sale of the entire land of Hateen palaces in a record period of time, and a high financial value, confirms the importance of this project and the efficiency of investment in it. In addition, the northern region of Riyadh is witnessing urban growth. Continuous, with the implementation of many important development projects, which enhance the importance of this region and make it a promising investment destination for investors and real estate developers.

He added, “The success of the elite auction in selling the land of Hateen palaces confirms the strength of the real estate sector in the Kingdom, and indicates an expected improvement of the market during the current year 2021 and wide opportunities for growth with the Kingdom’s recovery from the effects of the Corona pandemic, and the increase in government support for this important sector in order to achieve Saudi Vision 2030.” “.

Al Saad indicated that the city of Riyadh is looking forward to a prosperous development future, and is preparing to excel over many global capitals with the quality of life in it, after the completion of the implementation of its four major projects and many other development projects that enhance its position as a qualitative destination for investment and make it one of the best cities in the world. .

March 31, 2021 – Shaaban 18, 1442

09:22 PM


The Elite Auction witnessed wide participation of businessmen and real estate investors

Adeer Real Estate Company succeeded in selling the land of Hateen palaces located in the city of Riyadh for an amount exceeding one billion riyals, during the “Elite Auction” organized by the company in the Khuzama Conference Hall in Riyadh, under the supervision of the bankruptcy trustees of the liquidation of Saudi Oger Company Ltd., Muhammad Fida Bahjat and Asaad Saleh Basoudan.

The auction was marked by a wide participation of businessmen and real estate investors who competed among themselves in submitting bids to purchase the land of Hateen palaces, which has many advantages that make it a unique investment opportunity, the most important of which is the strategic location of the project in the heart of the Hittin neighborhood, which is considered one of the most important residential neighborhoods in North Riyadh, where the project is an ideal place for a successful real estate investment.

Mutab bin Hamad Al Saad, the founding partner and CEO of “Adeer Real Estate”, said that the sale of the entire land of Hateen palaces in a record period of time, and a high financial value, confirms the importance of this project and the efficiency of investment in it. In addition, the northern region of Riyadh is witnessing urban growth. Continuous, with the implementation of many important development projects, which enhance the importance of this region and make it a promising investment destination for investors and real estate developers.

He added, “The success of the elite auction in selling the land of Hateen palaces confirms the strength of the real estate sector in the Kingdom, and indicates an expected improvement of the market during the current year 2021 and wide opportunities for growth with the Kingdom’s recovery from the effects of the Corona pandemic, and the increase in government support for this important sector in order to achieve Saudi Vision 2030.” “.

Al Saad indicated that the city of Riyadh is looking forward to a prosperous development future, and is preparing to excel over many global capitals with the quality of life in it, after the completion of the implementation of its four major projects and many other development projects that enhance its position as a qualitative destination for investment and make it one of the best cities in the world. .





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