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2026-09-27T07:00:00.000Z

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Four hotel and apartment towers launch at 1.5 billion riyals

Four hotel and apartment towers launch at 1.5 billion riyals

The article states that auctions conducted through the "Courts Auctions" application are hosting several events dedicated to real estate assets, vehicles, distinctive numbers, and valuable collectibles. These events are scheduled at different times between September 27 and 30, 2026. Among the assets on offer are four hotel towers and serviced apartments under construction in the Al-Uyunah area, covering approximately 30,000 square meters, with an opening price exceeding 1.5 billion riyals. In addition, there are commercial and residential buildings in other regions, with opening prices ranging from 92 million to 131 million riyals. The auction also features special number plates, valuable collectibles such as a gold bar, necklaces, and silver items adorned with gemstones, along with auctions for vehicles, living creatures, equipment, and machinery. This initiative aims to facilitate buying and selling processes through digital auctions and reflects the diversity of offerings and the expanded responsibilities of the Judicial Authority and related entities in managing collections and movable assets.

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