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Market reports, investment analysis, and expert commentary from the Adeer Real Estate research team.
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Adeer sets an online auction record with a Hafar Al-Batin land sale above SAR 200 million on Sumtec
Adeer, a specialist in real estate marketing in the Kingdom, reported a strong result for the Sadeel online auction held on Sumtec, the national auctions platform. The sale drew notable demand from investors competing for a single opportunity: a model plot of raw land in the Hafar Al-Batin region extending over a total area of more than 3.3 million square metres.
Asir's summer season closes with Adeer
Adeer has recorded a new achievement in the Asir region, selling the Rawabi Asir plots for sales approaching SAR 200 million.
Adeer closes the Jazeel auction with strong turnout and quality sales
A total of 19 properties sold for more than SAR 80 million at the Jazeel public auction in the Eastern Province, held in person and online on Wednesday 24 April 2024 at the Holiday Inn Al Khobar Corniche and on the SoumTech auction platform. Adeer Real Estate organized the sale under the supervision of the Entrustment and Liquidation Center (Enfath), by order of the Execution Court and pursuant to a judgment issued by the Personal Status Court.
Adeer's Darb Al Haramain auction draws leading investors and nears half a billion riyals in sales
Adeer Real Estate sold the Darb Al Haramain development for a total of SAR 495,684,581 (including the real estate transaction tax and brokerage commission) at the hybrid auction it held on Wednesday 6 March 2024 at the Radisson Blu Hotel, Jeddah Plaza. The result, achieved before a notable turnout of leading real estate investors and business figures seeking exceptional opportunities, underlines the strength of the Kingdom's real estate sector.
Amid a strong turnout, Adeer's Al Aalia auction tops half a billion riyals in 60 minutes
Adeer Real Estate, a leader in real estate marketing in the Kingdom, closed major transactions in the capital at the public auction it held for the land plots of the Al Aalia project (Zone 5). Every plot in the project was sold, for a total of SAR 514,707,379 (including the real estate transaction tax and brokerage commission).
Adeer closes an exceptional year with more than SAR 214 million at the Teejan Dammam auction
Adeer closed 2023 with an exceptional auction held on Wednesday 27 December at the Al Maha Hall of the Kempinski Al Othman Hotel in Khobar, where the Teejan Dammam model land sold for SAR 214,366,287.38 (including the real estate transaction tax and brokerage fee).
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 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.
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