Adeer books more than SAR 700 million in sales at the Oasis Jeddah auction in fourteen minutes
Adeer announced the success of the Oasis Jeddah auction, held on Wednesday 17 September 2025 at the Jeddah Marriott Hotel. A large turnout of investors and business figures drove the sale of the investment opportunity on offer and total sales of SAR 707,253,170.
Oasis Jeddah ranks among the most prominent projects in east Jeddah. The approved masterplan extends over more than 707,000 square metres of raw land and comprises 411 plots across a range of uses, including 278 plots designated for modern residential buildings of up to four floors plus a roof annex, and 113 commercial plots of up to five floors plus an annex, alongside areas set aside for services and public facilities. The masterplan holds a strategic position in the Al Kawthar district, close to King Abdulaziz International Airport, the Haramain Road and King Abdullah Sports City (Al Jawhara), as well as major retail destinations such as Mall of Arabia and Al Yasmin Mall, making it a prime investment destination.
Commenting on the result, Suleiman Al-Harbi, Deputy Chief Executive Officer of Adeer, said: "The success of the Oasis Jeddah auction reflects the rapid growth of the real estate market in Jeddah and confirms the central role Adeer plays in providing high-quality investment opportunities that meet investors' expectations. The turnout was substantial, which is evidence of the growing confidence in our projects and of the investment appeal the approved masterplan enjoys thanks to its location and contemporary planning."
The result extends Adeer's record in organising and marketing distinctive auctions and in developing marketing solutions that support Saudi Vision 2030, and reflects the company's commitment to advancing urban development and providing leading investment opportunities in step with the rapid growth of the Saudi real estate market.
