Built Land, Naif Area
Land no.56, Municipality no.118-1167
Land Use : Commercial, Offices, Residential
Authorized :
CBD/5M : Ground + mezzanine + 3 floors
CBD/3M :Ground + mezzanine + first floor
Plot Area 13,562 sq. ft.
The Furniture is not included in the sale
Only For GCC

Property details are as follows:
The property consists of 3 connected buildings:
Building 1:
Ground floor: 11 commercial shops
Mezzanine floor: 1 apartment
From 1ST to the 3RD floor :
A total of 12 residential apartments,
with 4 apartments per floor.
Building 2:
Ground floor: 15 commercial shops
From 1ST to the 3RD floor :
A total of 15 residential apartments,
with 5 apartments per floor.
Building 3:
Ground floor: 9 commercial shops
Mezzanine floor: 7 residential apartments
First floor: 7 residential apartments

RENTED
Please see the attached report of rents

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.

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.

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.

For more details or to participate in auction please call us at 600545454 available 24 hours

Residential / Commercial BLDG- Naif

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