In the first major real estate transaction of 2025, a 100,000 sqm residential and commercial plot in Riyadh’s Al-Maizilah district was sold for over SAR 400 mn, inclusive of fees and real estate transaction taxes, Invest-Gate reports.

The plot, comprising 273 parcels, marked a significant start to the new year in Riyadh’s property market.

Moreover, the Horizon Presence Auction, organized by Ibrahim Al-Qabba Real Estate Company, concluded within just 30 minutes, drawing more than 300 attendees, including business leaders and real estate companies. The auction attracted significant investor interest, with 120 certified bank cheques submitted by participants eager to secure the property.

Furthermore, the Al-Maizilah district’s appeal lies in its strategic location, offering close proximity to essential services, making it a highly sought-after area for developers and investors alike.

Notably, this landmark sale underscores the growing dynamism of Riyadh’s real estate market and its increasing appeal to both local and international stakeholders.