Can real estate be sold at auctions in Dubai?

Yes, real estate is available for auction in Dubai. This is a good choice for properties that are in foreclosure, homes that were inherited by minors and need approval, or even land that developers are selling off-plan before the building begins. Owners or their legal agents must obtain the clearance of the Dubai Land Department (DLD) to arrange a property auction. The DLD website offers details on how to get auction permits if you`re interested in looking into this possibility. Furthermore, respectable auction firms with a track record, like Emirates Auction, focus on selling real estate in Dubai.

About Selling real estate

There are various procedures involved in selling property in Dubai`s thriving market. First, with the assistance of a certified real estate agent, think about a competitive listing price. Make use of their experience with paperwork and marketing. Auctions are permitted in Dubai under certain circumstances, but direct transactions remain the norm. Be ready to pay for things like government taxes and agency commissions. A competent agent who knows the ins and outs of the legal system and can put you in touch with buyers can speed up the process.