Sale of 1 share in a Building
Naif، Plot no.635
Municipality no.118-1002
Land Use :Commercial ,Offices
Authorized :Ground + Mezzanine +4 Floors
Currently Built: G + 2 Floors + Roof
The Furniture is not included in the sale
Only For GCC

Note 1 :
Shares Sales Area 875.54 sq. ft. ( From Total Area of 1,751 sq. ft. ).The price of 8,000,492 AED Listed in the auction is just for the share part.

Note 2 :
The property share shall be sold in common, Emirates Auction will not be responsible for handing over the share to the buyer, and the buyer shall follow the required legal procedures in this regard.

Note 3:
The property has one Title Deed, shared with the other owners for the same Property.

Note 4:
The property is being offered based on a decision from the Inheritance Court. It is not subject to the rules of reducing the base price of the property in the subsequent auction, as applied in the Enforcement Court under the provisions of Article 296 of the Civil Procedure Decree-Law.

Rented
Rented till 15 May 2029 with Rent Value 1,320,690 AED / per Year.

In respect of claims relating refund of the rent or vacancy of the property. The New Owner (the winner of the auction) must file a case with the competent authority Settlement Committee, to evict the occupants of the property and recover the rental value. And the buyer must notify the tenant by the Notary Public that he is the new owner of the property and that Emirates Auction and/or Dubai Courts bear no responsibility.

Recent decisions of the Dubai Courts apply in terms of accepting or rejecting offers of the bidders.

Your participation in the auction is an acknowledgment of the property legal and physical conditions.

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