The Kingdom of Saudi Arabia witnessed, today, Thursday, August 28, 2025 AD, corresponding to Rabi’ al-Awwal 5, 1447 AH, the launch of three major real estate auctions in Dammam, Jeddah, and Riyadh. Their activities will continue until Sunday, August 31, 2025 AD, under the supervision of the Support and Liquidation Center.Enforcement".
Al Manar Villas Auction - Dammam
Imdad Auctions has announced the launch of the Al Manar Villas Auction in Dammam. The auction offers unique residential opportunities in the Al Manar neighborhood, a prominent residential and investment destination in the Eastern Province, due to its proximity to vital centers and its integrated infrastructure.
Number of products: 2
Auction duration: 4 days
Units offered:
Residential villa with an area of 455 m² (opening: 2,200,000 riyals - entry fee: 100,000 riyals).
Residential villa with an area of 455 m² (opening: 2,200,000 riyals - entry fee: 100,000 riyals).
For more details and to register, click Here.
Ain Jeddah Auction
Golden Bell Auctions also launched the Ain Jeddah Auction, which includes 12 diverse real estate products, including residential and commercial land, warehouses, and residential villas, with varying sizes and opening prices.
Number of products: 12
Auction duration: 4 days
Some of the properties offered:
2000 m² warehouse (opening: 2,690,000 riyals - entry amount: 100,000 riyals).
Residential land with an area of 2989.88 m² (opening: 7,260,000 riyals - entry amount: 250,000 riyals).
900 m² residential/commercial land (opening price: 5,290,000 riyals – entry fee: 250,000 riyals).
Residential land with an area of 9000 m² (opening: 39,200,000 riyals - entry amount: 1,000,000 riyals).
Residential villa with an area of 1019.5 m² (opening: 8,680,000 riyals - entry fee: 100,000 riyals).
For more details and to register, click Here.
Al-Ammariyah and Al-Khair Auction - Riyadh
In the capital, Riyadh, the Mazaya Silver Foundation announced the organization of the Al-Ammariyah and Al-Khair auction, which will offer 13 real estate products, including agricultural and residential lands in strategic locations in Al-Ammariyah and Al-Khair, outside the borders of Diriyah Governorate.
Number of products: 13
Auction duration: 4 days
Some of the properties offered:
Agricultural land with an area of 10041.25 m² (opening: 5,560,000 riyals - entry amount: 200,000 riyals).
Agricultural land with an area of 10190.17 m² (opening: 5,960,000 riyals - entry amount: 200,000 riyals).
For more details and to register, click Here.
Auction Registration Terms
- Register on the Saudi Auctions platform.
- Pay the participation fee at the specified value for each asset through the Saudi Auctions platform. The amount is considered part of the price for the person who wins the auction and he has the right to recover it.
- In the event of the auction being awarded, the remaining amount shall be paid immediately upon issuance of the payment invoice within the approved collection period.
- When the auction is awarded to the buyer, the amount including the bid value is paid immediately.
- If payment is not made within three working days from the date of issuance of the award minutes, the sale will be repeated at the expense of the defaulting buyer, and the defaulting buyer will bear the cost.
- The resale costs are at his expense, and the Center has the right to extend the period from three days to ten days if necessary.
- Preview of the original during the announcement period.
- The Council's option shall lapse if the auction is awarded.
- The successful bidder is obligated to pay a bid fee of 2.5% of the sale price, in addition to a 15% value-added tax on the bid amount.
- The buyer is obligated to pay the real estate transaction tax amounting to 5% of the sale price within the collection period specified above.
- The sale and disposal shall be carried out in accordance with the rules of the Support and Liquidation Center.
The importance of real estate auctions
These auctions contribute to stimulating the Saudi real estate market and providing diverse investment and residential opportunities for investors and citizens, in line with the goals of Saudi Vision 2030 to increase real estate supply and promote urban development.
