Property Auction Frequently Asked Questions

Refreshing the app or portal during an auction ensures that you have the most up-to-date information, including the latest bids from other participants. This helps you stay informed and maintain your position as the highest bidder.

Emirates Auction reserves the right to extend auctions in certain circumstances, such as insufficient bidding activity, technical issues or court’s order. This extension ensures fair competition and allows bidders a reasonable opportunity to participate.

You can participate in the auction via the website https://www.emiratesauction.com or through the Emirates Auction mobile application; create a personal account with your name and personal data, then complete the procedures for deposit payment, after which you can start bidding.
 

By visiting the website https://www.emiratesauction.com or Emirates Auction mobile application, clicking on (new subscription / new user registration) and entering personal data and mobile number. An OTP will be sent to your mobile to complete the registration successfully.
 

The auction takes place through the website or the mobile application, and each property auction has a specific bidding deadline dates shown on the auction page.

Yes, but the bidding must be carried out through the same account of the person who wants to bid, and it must be registered in his name (whereas the ownership of the property shall be registered in the name of the person whose name is mentioned in the account. Moreover, an official POA must be presented together with the PPC, Visa, and ID copies of the Owner and the Authorized person. 

 Freehold property is available in the auction,along with property for GCC citizens, based on the Judicial authorities’ relevant assignments. Thetype of property can be identified from the “property details” section on theApp or the website, in which it is mentioned if this property is assigned for GCCor for freehold.

Yes, it ispossible to bid on more than one property, provided that the deposit value shallbe paid for each property separately and that the deposit full amount iscovered for all properties desired to be bid on.

No, you must submit a manager’s cheque for the benefit of Emirates Auction or a ban transfer to the account of Emirates Auction. also please refer to question 8 for the required documents

A manager’s chequeof 20% of the property value; and the rest of the amount with fees to be paid within maximum 10 days as of bid approval date. 

You can submit the security deposit in any of our office located in all the cities within UAE . Please visit the “Contact Us” section in our mobile application or website for our office locations. With the below requirement 

Guidelines/documents required for submitting Manager's cheque as the security deposit

·       Individual Account

1 Receipt of the Manager's Cheque
2 Emirates ID Copy
3 Bank Statement if source account details are missing from the Manager's Cheque Receipt.

·      Bidder Company AC

1 Receipt of the Manager's Cheque
2 Trade License copy
3 Bank Statement if source account details are missing from the Manager's Cheque Receipt
4 Authorization Letter for the Representative dealing with EA
5 MOA

·       Bidder Individual Account - Cheque From Company AC

1 Receipt of the Manager's Cheque
2 Trade License copy
3 Bank Statement if source account details are missing from the Manager's Cheque Receipt
4 Authorization Letter for the Representative Dealing with EA
 
·       Bidder Company AC  -Cheque from Individual AC

1 Receipt of the Manager's Cheque
2 Emirates ID Copy
3 Bank Statement if source account details are missing from the Manager's Cheque Receipt
4 Trade License copy
5 MOA

EmiratesAuction sells the properties offered in the auction based on the assignmentsissued by the competent judicial authorities in the United Arab Emirates.

No, the property is sold in its condition, without the movable assets inside..
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The property can be viewed in the event that the property is vacant, and the property key has been handed over by the court to Emirates Auction. All this information is mentioned in the under the property details section.

The date of the property inspection visit shall be determined by contacting us, and one of our employees will assist you.

A new account must be created under the names of the intended bidders before the bidding takes place, with copies of their Emirates IDs attached and the ownership shares of each person specified in advance. If the ownership shares are not specified, the property will be registered equally among all owners. The property will be registered according to the names and ownership shares recorded in the account, and no changes to the bidders’ names will be permitted after the auction is awarded.

Emirates Auction and the competent court are not involved in, and bear no responsibility for any bank financing arrangements related to properties purchased through auction. The successful bidder is solely responsible for completing the full payment within 10 days from the date of bid approval, in accordance with the auction terms and conditions.

Yes, provided that the account is created in the name of the company and not in the name of the person, documents related to the company must be provided.

With regard to real estate in the Gulf Cooperation Council that companies wish to bid on and buy, the owner of the company must be a 100% Emirati citizen, and the company must be registered in the Emirate of Dubai.

(For more inquiries regarding the corporate auction, create a support ticket via Support → Create Ticket, and our team will assist you.)

The property is sold with its existing specifications and details, as determined by Emirates Auction and the competent court. It is the bidder's personal responsibility to thoroughly inspect and evaluate the property, based on expertise and personal resources before placing a bid.

Neither the debtor nor the judges nor the members of the Public Prosecution nor the executioners nor the clerks of the court nor the attorneys-attorneys who carry out the procedures on behalf of the debtor or their relatives up to the second degree may apply for the auction themselves or by harnessing others. Otherwise ,the sale shall be void pursuant to the provisions of Law No. (305) 

Buying a complete property means full ownership of the property, and ownership is issued in the name of the buyer. In the case of buying a share in a property, it means:

1- Ownership of the property share sold from the auction only.

1- The property may not be disposed of without the consent of all parties.

2- The sold share is not separated from the remaining shares in the property.

3- Ownership is issued in the names of the owners and the shares are mentioned for each owner according to the percentage of the area owned by each owner.

4- The court and Emirates Auction are not responsible for the delivery of the sold share.

Emirates Auction is not concerned with the rental issue, and the buyer must communicate with the tenant personally after receiving ownership of the property regarding the lease or eviction, and that is through a legal notification, or addressing concerned authorities (RDC).

You can view the sold properties through the website of Emirates Auction, you will find (The Previous Auction) to view the previous auctions that have ended, and through the mobile application choose (Emirates Real Estate Auction), then you will open the menu that is located at the top left of the list, choose (auctions), you will find (previous auction result).

No, all properties must be sold through auction only.

It is not possible to withdraw from the auction, if you are the highest bidder. Failure to complete the payment of the total amount required within the specified period will result in the confiscation of the entire deposit amount. 

When bidding in the last minute, another 3 minutes are added, to allow other bidders to bid, and if bidding takes place in the last minute of the added 3 minutes, another 3 minutes are added until the property is awarded to the highest bidder.

 The bidding time is extended in the event of a bidding in the last minutes, in order to give an opportunity for the rest of the bidders to submit their bids.

You can submit an offer that is 10%more than the final auction price and the specified fees, within a period of10 days from the date the bidder pays the property amount

Awarding the property to the bidder or paying the full value does not mean that it is final ownership of the property until ownership of the property is issued in its name, as the sale of the property is subject to the provisions, orders, and procedures and decisions of the responsible judicial or governmental bodies.

There is no tax on the properties.

The bidder shall not bear any service charge fees related to the previous owner.

There is no need for the bidder to go to any government authority, as Emirates Auction completes all procedures until the ownership of the property is issued.

All requests are presented to the judicial authorities concerned with the type of request, and requests are answered either by acceptance or rejection.

Please create a support ticket via Support → Create Ticket, and our team will assist you.

All bidders are responsible for ensuring that their bids are placed in a timely manner, particularly during the closing moments of an auction, Emirates Auction does not accept responsibility for bids that are not placed or executed due to technical issues, internet connectivity problems, or any other unforeseen circumstances. It is the bidder's responsibility to monitor the auction closely and submit their bids promptly. Bidders are encouraged to bid with sufficient time remaining to avoid any last-minute bidding challenges.

Yes, Emirates Auction provides a service for listing and selling privately owned properties through auction in the Emirates of Dubai and Ajman, subject to the approved terms and conditions and in accordance with the applicable laws, regulations, and procedures of the competent authorities.