Mazad, the auction house that operates under Salwan, a subsidiary of Dubai Properties Group (DPG), will hold a private sale of select Dubai Properties developments.

The event will be held tomorrow (June 8).

The private auction run for the third time since 2006, will feature exclusive residential and commercial units as well as plots of land from various developments from within Dubai Properties portfolio. Only pre-qualified investors will be allowed to participate at the invitation-only limited auction.

The auction will be supervised by Salwan, the property management company under Dubai Properties Group responsible for managing commercial and residential stakeholders, including strata and property management (for the Group companies as well as others), sales and leasing of properties, Mazad Auction House, and property advisory services.

“Mazad offers a professional and transparent environment for buyers to purchase properties through the bidding process. Our services include the provision of conditional sales agreements, fair bidding environment and a binding legal framework. At the same time, buyers also have the advantage of highly competitive real estate rates, on wholesale basis,” said CEO of Salwan Saeed Bushalat.

“At this juncture, Mazad primarily targets investors looking to purchase large tracks of select lots directly from the developer. The forthcoming auction will offer some of the most sought after properties in large volumes.”

Set up in 2005, Mazad has gained a firm reputation amongst local and international investors. – TradeArabia News Service