This time, the auction plans to sell apartments in the areas of Jumeirah Beach Residence, the Greens, Dubai Marina and Downtown Dubai. In total, approximately 80 properties are planned to be auctioned in 2012.
In March 2012, the Land Department of the Emirate has already conducted two public auctions, where seven real estate objects were put up. As a result, five of them were sold for 8-20% more expensive than the initial price.
To the auction real estate in Dubai is exhibited after full information about the objects is received. As a rule, the starting price for such objects is 5% lower than the market price.
HomesOverseas.ru