eMart auction generates Dh27m

The previous auction set a record sale of almost Dh75 million.

The auctioneers gathered in a hall and were furnished with a number of large auctioning screens and several tablet devices. They also underwent a short training session in the usage of the various features of the auction.

Since its launch in November, eMart has reported increased activity in its real estate operations, which include buying, selling and renting. The strong interest in the portal has been credited to the quality of services and the degree of transparency and users' rights protection.

During the auction, participants were given detailed information about the properties, including location maps, detailed blueprints, comprehensive photography and the starting price.

The Dubai Land Department launched eMart to keep pace with the quantitative and qualitative growth of the real estate market and in line with the reorientation of the Government of Dubai towards smart governance. The initiative also aims to build an international network of real estate investors.


Source: Property WeeklyPW


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