Property in Dubai offered for as little as $100
An expat couple who are leaving Dubai for good are offering their four-bedroom apartmentfor as little as $100 through an online auction site. The couple, who are planning to return to the UK after some 18 years in Dubai, have set up the auction following their difficulties in finding a buyer. Steve and Arti Halligan […]
An expat couple who are leaving Dubai for good are offering their four-bedroom apartmentfor as little as $100 through an online auction site.
The couple, who are planning to return to the UK after some 18 years in Dubai, have set up the auction following their difficulties in finding a buyer.
Steve and Arti Halligan will put their home up for an auction with a difference. They will operate a “lowest unique bid” auction through humraz.com.
Bidder will each buy a “seat” at the auction for between $50 and $100 and then submit as many bids as they wish.
The winner of the auction will be the person who has bid the lowest amount above the $50 minimum.
The catch is that to win the lot, located in the “Green Community”, you have to be the only person to have bid that price.
Therefore, the winning bidder could conceivably pay just $100 for a four-bedroom apartment !
The “green Community” is one of the most beautiful residential districts in Dubai, located at the end of “The World“, close to the to-be Dubai World Central Airport.
Read the full story @ Buyassociation – Photos : True Dubai
