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Dubai to restart property auctions this month

Posted on 09 November 2010

From Emirates247.com: The Dubai Land Department (DLD) is likely to restart property auctions, including foreclosed properties, from this month, according to a law firm.
“Recent discussions with the Land Department of Dubai indicated that they are now ready to re-commence property auctions, including foreclosed property, as the number of transactions processed daily by the department increases and they see the market stabilising. They hope to hold the next property auction in November,” Nick Clayson, Partner and head of real estate, Middle East, Norton Rose Group, said……………………………………….Full Article: Source


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