Mazad has been Salwan’s auctioneering partner since our inception in 2008. Auctions are a non-traditional channel for selling properties that can greatly increase the sales potential of your property.
Representing Dubai Holding, Mazad conducted its first auctions back in 2005, offering premium land in key locations such as DubaiLand, Ras Al Khour and Downtown Dubai. 30 local investors participated in these auctions, which were open to UAE and GCC citizens only.
Mazad’s first public auction took place at Cityscape 2006; it offered premium land for sale at the Business Bay and Cultural Village, as well as Signature Villas at the Palm Jumeirah, exclusive apartments at JBR and units in various other high-end developments. The auctions were promoted during the Cityscape event and were held on its final day; attracting over 70 international individual and corporate investors, making the auctions very successful indeed.
The next public auction conducted by Mazad was in July 2008, offering land, key units and real estate projects on behalf of major UAE developers Nakheel, Emaar and Dubai properties. All 11 properties were sold in less than an hour, with 150 international bidders participating in the auction.
As close affiliates of Mazad, Salwan is the only private real estate firm that is licensed to conduct auctions in the UAE.
Our auction service includes: