Altaawn scheme auction in Al Khobar which was held last Wednesday in the Seef hall and owned by Ajlan Brothers group, Wateed ,Massader and Ammar real estate companies achieved total sales of more than 250 million riyals.

The auction which began on individual residential blocks meeting the desire of the audience witnessed a great competition between realtors to conquest the residential and commercial plots, due to the excellence of scheme site, in addition to infrastructure works which were an encouraging factor on the demand for purchase by investors and residents. Commercial and residential blocks prices ranging between 1150 and 1800 riyals per square meter depending on the location and space.

While Abdul Hadi bin Fahd Al-Qahtani, the chief executive of Ammar Real Estate Company said that property market maintains its position, and reap more domestic and foreign investment. He added that the record sales achieved in a short time was a proof of the unique features and benefits of Altaawn scheme.

Al-Qahtany stated that the success of the auction reaffirmed again the strength and solidity of the real estate market and its promising future, and that real estate alliances have become a healthy phenomenon where the capital and expertise combined together to attain developed product coincide with the tastes and opinions of all, stressing to partners actively seek to meet the needs of investors and residents, and launching qualitative projects at Saudi real estate markets