"Nadra Auction": A new success in the history of electronic real estate auctions

From April 27 to 29, 2025, the capital, Riyadh, witnessed a new success for electronic real estate auctions in the Kingdom. This was achieved through the "Nadra Auction," which was held under the supervision of the Enforcement and Liquidation Center (Infaz) and implemented by Manaset Real Estate Company.

Over 8 Million Riyals Successful Sales

The auction achieved outstanding results, with all properties offered being sold for a total value of 8,045,000 Saudi Riyals. This achievement adds to the ongoing successes achieved by the Enfaz platform in liquidating real estate assets and facilitating investors' access to promising real estate opportunities.

Strategic Location and Professional Organization

The auction included six residential plots located in the Al-Shifa and Al-Musaffah neighborhoods of Riyadh. All of these plots are strategically located near prominent service landmarks such as Al-Shifa Mall, Ibn Taymiyyah Road, and Dallah Hospital, giving the properties added value and facilitating purchasing decisions.

The auction was held electronically via the Mubasher Auctions platform. It began on Sunday, April 27, at 1:00 PM and continued until Tuesday evening, April 29, with bidding concluding gradually between 7:00 PM and 8:15 PM, depending on the property.

Manassat Real Estate: Experience Meets Technology

Manassat Real Estate Company, the auction's implementing entity, has once again proven its proficiency in managing real estate auctions, thanks to its professional team and use of the latest technological tools to provide a smooth and reliable experience for bidders, consolidating its position as one of the leading players in the Saudi real estate market.