International Property Investment » auctions of repossesed property in Dubai http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Wed, 10 Mar 2010 12:12:40 +0000 en hourly 1 admin admin International Property Investment Blog No No Buying Investment Property in the UAE – New Rules to be introduced regarding Auctions and Residency http://internationalpropertyinvestment.com/buying-investment-property-in-the-uae-new-rules-to-be-introduced-regarding-auctions-and-residency http://internationalpropertyinvestment.com/buying-investment-property-in-the-uae-new-rules-to-be-introduced-regarding-auctions-and-residency#comments Fri, 17 Apr 2009 11:21:06 +0000 Mark Knowles
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http://internationalpropertyinvestment.com/?p=2376 If anyone is starting to get confused over what is or is not allowed in the UAE and Dubai, fear not – another set of rules are on the way.

The Dubai Land Department has just announced that it will be issuing public property auctioning licences to private companies in an attempt to dispose of the stunning amount of property for sale in Dubai at the moment. Mr. Mohammed Sultan Al Thani, Assistant Director-General of the DLD said, “We have started giving licenses for public property auctioning to private companies. However, they need to meet all the rules and regulations stipulated by the department in order to conduct an auction.”

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