Adeer closes an exceptional year with the ~SAR 1 billion Sharafat Al-Haram auction
The Sharafat Al-Haram auction closed with the sale of a commercial-residential plot for SAR 979.7 million, at a rate of SAR 130,000 per square metre.
Adeer delivered an exceptional result at the Sharafat Al-Haram auction held on 30 December 2025, where a commercial-residential plot sold for a total of SAR 979,682,346.5, a rate of SAR 130,000 per square metre.
The Deputy Chief Executive Officer of Adeer said the result reflects the considerable confidence in the company's ability to manage real estate assets of high sensitivity and exceptional value.
He confirmed that the company applies an integrated methodology to organising real estate auctions, which includes:
The property occupies a distinctive strategic location in the Ajyad district of Makkah, fronting directly onto Ajyad main street and sitting close to the Grand Mosque, which makes it one of the most sought-after sites for investors and real estate developers.
The property is also surrounded by prominent strategic landmarks including the Clock Tower, the Jabal Omar project and Masar, reinforcing its long-term investment value.
