Rikaz, Tasfiah Co-launch Danat Al-Khobar Auction, in Al-Khobar

“Danat Al-Khobar” auction, organized by “Rikaz Real Estate” company, under the supervision of the Real Estate Contributions Committee “Tasfiah”, of the General Real Estate Authority, will start at Kempinski Al-Othman Hotel in Al-Khobar, this afternoon of Wednesday.

Last Sunday, Rikaz Real Estate closed the registration for the auction, which witnessed a great audience from businessmen, investors and real estate development companies, due to the unique components of “Danat Al-Khobar”, which made it an exceptional investment opportunity in one of the most beautiful cities of the Arabian Gulf.

 “Danat Al-Khobar” extends over a total area of ​​93,633.71 square meters, in the most beautiful location of the city of Al-Khobar on King Fahd bin Abdulaziz Road stretching over 450 meters, close to Al-Aziziya Beach, Al-Khobar Corniche and King Fahd Road leading to the Kingdom of Bahrain. The project is adjacent to Al-Shubaili Mall (Grand Mall), very close to a group of residential schemes, tourism and commercial projects.

The availability of various services and basic facilities nearby transformed the area into a vital and attractive place for residential and commercial-residential projects. The presence of an organized network of main and secondary roads, facilitate access to the area and link it to the various cities and neighbourhoods.

Unique features of “Danat Al-Khobar” made it a great opportunity for those looking for residential or commercial-residential investment, where real estate investors and developers can take advantage of its vital location in building modern, contemporary communities that meet the various needs of customers, and keep pace with the Kingdom’s 2030 vision in enhancing the quality of life.

Al-Khobar is experiencing an accelerated development and urbanization movement, with the government’s continuous plans to develop Saudi cities through the launch of more service and entertainment projects that contribute to enhancing the position of Al-Khobar and transforming it into a distinctive and civilized destination.

 It is worth noting that Rikaz Real Estate will provide a live broadcast of the upcoming auction “Danat Al-Khobar” through its electronic platform rikazlive.com, for those who are interested in following up on the auction events through modern technology.