Dubai property auction, ref: TRADE ARABIA

[monsi]

I have Google news set-up to send me alerts anytime any news is published about property in Dubai.

In recent times, for the most part, the news has not been worth reading - more of the same. This ones unusual.

Portal offers unique home auction scheme

I have come across this company before didn't realise they had any props in Dubai

 

[Property Banker]

Great idea thanks. I'm going to do the same.

 

[monsi]

More about auctions in Dubai

Bids placed but no sales made at Madania auction

Tell me, are these auctions binding? If you win are you committed to buy? If so, must you be a cash buyer or can you sort out financing after you have won?

 

[monsi]

Auction site offers Dubai flat for $100