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Market reports, investment analysis, and expert commentary from the Adeer Real Estate research team.
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Adeer closes an exceptional year with more than SAR 214 million at the Teejan Al Dammam auction
Adeer Real Estate closed out 2023 with an auction held on Wednesday 27 December at Al Maha Hall, Kempinski Al Othman Hotel in Khobar, where the Teejan Al Dammam site sold for SAR 214,366,287.38, inclusive of the real estate transaction tax and brokerage commission.
Adeer sells the second phase of Akhial in western Dammam for more than SAR 2.29 billion
Adeer Real Estate sold the second phase of the Akhial project, located on one of the most strategic sites along Airport Road west of Dammam, at the public auction it held on Wednesday 20 December 2023 at the Sheraton Dammam Hotel. Sales reached SAR 2,293,596,571 (including the real estate transaction tax and brokerage commission), amid an exceptional turnout and wide participation from leading business figures and real estate investors in the Eastern Province and across the Kingdom.
Property deals worth more than SAR 635 million close at Adeer's Teejan auction in Riyadh
The curtain came down today, Wednesday 18 October 2023, in the capital Riyadh on the anticipated real estate auction that Adeer organised to sell the Teejan land and properties, with the auction closing major transactions totalling SAR 635,102,888 (including the brokerage fee and the real estate transaction tax).
Adeer sells the Nasayem Jeddah land for more than SAR 650 million
Adeer Real Estate has extended its run of successful auctions with the sale of the land at Nasayem Jeddah, the flagship of north Jeddah's projects, for SAR 650,091,517 including brokerage commission and the real estate transaction tax. The public auction was held on Wednesday 20 September 2023 at the Hilton conference and events hall in Jeddah.