Al-Mohafazat Real Estate announces successful Qutb auction under Infath supervision
Al-Mohafazat Real Estate has announced the successful sale of a prime King Salman Road plot in Riyadh for over SAR 1.6 billion at the Qutb auction.
Al-Mohafazat Real Estate secured a significant sale at the Qutb auction, with a prime King Salman Road plot in Riyadh fetching over SAR 1.6 billion. The property was marketed by the company and sold under the watchful eye of the Center for Orders and Liquidation (Infath). The prime undeveloped land on King Salman Road, situated in Al-Arid district, attracted strong interest from leading investors due to its prominent status and potential for high-quality, mixed-use projects.
The auction event was a testament to the growing maturity in the market and the sector's shift towards long-term investments in strategic locations, aligning with Riyadh's rapid development.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
