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Dubai Economic Department Auction License Number 565194
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What is an Auction?

Auction is a process which allows interested parties to make competitive bids which establishes the current market value of the property at that time in an open, transparent and public forum utilising the skills of an experienced Auctioneer.

 

Why Auction Real Estate?

Real Estate Auctions have become one of the most popular methods of buying and selling property all over the world with substantial benefits for both Vendors and Purchasers. Auction is used as the preferred method of sale by Beneficiaries, Governments, Banks, Administrators, Executors & Trustee Companies, Corporations and Private Vendors and has been proven to be the best method of establishing true market value. Committed Vendors sell their property by Auction.

 

What are the Advantages

  1. Control, as Vendor you set the terms and conditions.
  2. You get a cash unconditional contract, whereas in any other marketing method the purchaser dictates the terms and conditions.
  3. 10% deposit on the fall of the hammer.
  4. No cooling off period applies.
  5. Allows 3 opportunities to sell - before, at Auction or immediately after and reduces the overall selling time in the market.
  6. Creates a sense of urgency, which motivates purchasers to action.
  7. Competing buyers maximise the price obtained.
  8. Allows all potential buyers to compete amongst themselves to offer you the best price.
  9. Price is not disclosed so you do not scare off potential buyers.
  10. Forces buyers to make decisions to a deadline of the auction date and brings negotiations to a head.
  11. The Auctioneer’s skills, enthusiasm and techniques can maximise the price.
  12. Auction is the only method of sale in which the Vendor will negotiate from a position of strength.

 

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  • WHOLE BUILDINGS
    (RESIDENTIAL AND COMMERCIAL)
  • LUXURY VILLAS AND APARTMENTS
  • OFFICE SPACE/FLOORS
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