PRZOOM - /newswire/ -
Dubai, UAE, United Arab Emirates, 2005/12/05 - Dubaipropertyauctions.com (DPA) has just launched sales for commercial and land properties in Dubai. Now anyone selling land, buildings, office or retail space will be able to use the online platform to market their properties to investors worldwide.
Members can list properties and are able to take either bids or offers for their property and negotiate directly with potential buyers. “Our members have been requesting us to start commercial and land sales, with growing interest by investors to purchase commercial freehold, so the timing of this launch could not have been better.” says Zeeshan Shaikh, VP, Creative Development. There is a great demand locally in the UAE for commercial property as seen at the CityScape exhibition in Dubai this year. There are also a large number of foreign investors that are eager to purchase freehold commercial and land space in Dubai, as Dubai moves to becoming one of the world’s leading business hubs.
In the past, investors missed out on prime investment opportunities because they were not in the right place at the right time, and everything was bought up quickly. “Not everybody can be present in Dubai to buy property when the right opportunity presents itself. Through our system they need not be left out anymore”
Since launch in January 2005, DPA now has more than 2900 members from 98 countries and growing every day, which shows the tremendous interest that Dubai real estate is generating around the world. “Launching land and commercial sales represents an important step for us in becoming a full service, real estate property trading platform serving the worldwide demand for properties in Dubai. It is a direct result of our commitment to developing the best services for our members,” adds Zeeshan. Although the year round sunshine and cosmopolitan lifestyle are major reasons for people to come and live in Dubai, the tax free environment, specialized free zones and world-class infrastructure makes Dubai an ideal place to work as well. Numerous multinational companies already have regional headquarters in Dubai and many more are moving large portions of their operations to Dubai. No doubt investors will find the prospect of investing in office and retail space in Dubai quite appealing. International and local investors looking to develop real estate projects in Dubai will also be able to source and make offers for land properties through the real-time system.
Launched in response to the immense demand for freehold properties in Dubai, Dubaipropertyauctions.com is a project developed by Atlantis Marketing, a Shaikh Holdings company.
DubaiPropertyAuctions.com was the Recipient of the '2005 Best Property Portal' Award at the Bentley Motors International Property Awards
About Dubai Property Auctions
Dubaipropertyauctions.com is Dubai's first property auction and is a project developed by Atlantis Marketing, a Shaikh Holdings company.
Launched in January 2005 in response to the immense demand for freehold properties in Dubai, Dubai Property Auctions has now evolved to become a full service, online property trading platform with the introduction of the 'Offer System'. Sellers and potential Buyers can interact and negotiate directly, creating a unique electronic marketplace that is open for business, 24 hours a day, 7 days a week.
Dubaipropertyauctions functions as a third party service provider and also provides legal and escrow services to ensure secure and hassle-free property transactions. The knowledgeable support team personally monitors every transaction and guides the parties involved through every step of the process. In this way, purchasers have the protection and security of a normal real estate transaction, while having the flexibility of trading with a global audience.
The project focuses on providing quality information on demand, allowing people to research and purchase property without setting foot in Dubai. It provides customized information for each property which includes a detailed property description, pricing, an all-inclusive payment schedule, e-brochures, 3D videos, amenity details and more. Potential buyers are able to view the property's overall location in Dubai using the interactive Dubai Locator™ tool, and even view the specific apartment building or villa plot using the Property Locator™ tool.
Following the success of dubaipropertyauctions.com, Shaikh Holdings plans to expand its reach by replicating the model regionally. Shaikh Holdings is also currently in negotiations to implement the trading model in other major property markets worldwide.