Corniche View Auction in the Eastern Province
In a landmark real estate event held in the Eastern Province on February 2, 2026, the Corniche View Masterplan Auction recorded record-breaking sales approaching SAR 3 billion, amid strong attendance and significant interest from investors and those seeking high-quality opportunities in the real estate market. This strong momentum reflects investors’ confidence in the project and its strategic location along the Arabian Gulf waterfront, reinforcing its position as an integrated urban destination that combines residential luxury with attractive investment returns.
The Corniche View Project spans an area exceeding 2,600,000 square meters in Al-Nawras District and has been designed as an integrated urban community accommodating more than 17,000 residents, offering an advanced model of contemporary waterfront living in the Eastern Province. The auction witnessed a diverse range of real estate products sold, catering to the aspirations of various segments of investors and developers. The sales included: • 1,944 residential plots with standard plot sizes (375 m²), suitable for the needs of Saudi families. • 20 investment towers with sea views, with heights of up to 15 floors. • 154 residential buildings with a height of 4 floors. • 35 commercial plots with a permitted height of up to 6 floors.
The Corniche View Masterplan is distinguished by a unique strategic location linking Al Khobar and Dammam, situated between the eastern edge of Dammam and the northern edge of Al Khobar, with direct and seamless access via King Saud Road and the Corniche Road. This positioning establishes the project as a vibrant and easily accessible urban hub. The auction was not merely a sale of land plots, but rather an investment in quality of life. The masterplan features smart and integrated infrastructure, including sports tracks (Coral), commercial zones (Pearl), and waterfront promenades (Aqua), all developed to the highest standards to provide a sustainable urban environment aligned with future aspirations. With this achievement, Corniche View further reinforces its position as one of the most prominent real estate events in the Eastern Province in recent times, opening a new chapter of balanced urban growth in line with the Kingdom’s Vision objectives to build vibrant and sustainable communities.