Business · Companies · 10 hrs ago
Riyadh auction offers 4.59 million square metres of land
A 4.59 million-square-metre residential plot in Riyadh is being offered at auction.
It lies on Khurais Road, near Dammam Road, two major routes in the city.
The starting price is 134.4 riyals per square metre, giving the land an opening total of about 617 million riyals; this is not the final sale price.
The online auction is organized by Al Ghanem Real Estate under the supervision of the Enfath Center for Support and Liquidation.
Bidding is scheduled for October 25 to November 1, 2026, through Enfath Auctions.
Riyadh's urban expansion has increased interest in large sites near major roads, but buyers should check the land's approved uses and development rules before making an investment.
A 4.59 million-square-metre residential plot in Riyadh is being offered through the online auction “Jawharat Al-Asimah.”
The auction is organised by Al-Ghannam Real Estate under the supervision of the Enforcement and Liquidation Center, known as Infath.
The land is on Khurais Road, near Dammam Road.
The auction is scheduled to run from October 25 to November 1, 2026.
The article gives the opening price as 134.4 riyals per square metre in its text, while its headline says 135 riyals.
- Who
- Al-Ghannam Real Estate is organising the auction under Infath’s supervision.
- What
- A 4.59 million-square-metre residential plot is being offered at auction.
- When
- The auction is scheduled for October 25 to November 1, 2026.
- Where
- On Khurais Road in Riyadh, near Dammam Road.
- Why
- The land is presented as an investment opportunity because of its size and location near major roads.
This story does not have two clearly opposing sides.
The online auction is scheduled to begin.
The online auction is scheduled to end.
- Land area
- 4.59 million square metres
- Location
- Khurais Road, near Dammam Road, Riyadh
- Auction dates
- October 25 to November 1, 2026
- Opening price
- 134.4 riyals per square metre in the article text; 135 riyals in the headline
- Estimated opening total
- About 617 million riyals
What people are saying
The Jawharat Al-Asimah auction represents a real estate investment opportunity, given the large area of the land and its location on Khurais Road near Dammam Road, both of which are vital routes in Riyadh.
We have taken care to offer this opportunity through an online auction that enables investors and interested parties to review its details and learn about its investment features.