1. Auction Operator

The auction platform is operated by Dubai Assets, acting solely as a real estate broker and auction facilitator between property owners and bidders.

Dubai Assets does not act as the seller unless expressly stated.

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2. Online Auction Platform

All auctions are conducted exclusively online through the website:

Dubai-assets.com

Dubai Assets reserves the right to modify, suspend, or cancel auctions at its sole discretion.

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3. Bidder Registration

To participate in an auction, bidders must first register and provide:

• Valid government-issued identification

• Full contact details

• Any additional verification requested by Dubai Assets

Dubai Assets reserves the right to approve or reject bidder registrations at its sole discretion.

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4. Bidder Deposit Requirement

Before placing any bid, all bidders must pay a refundable deposit equal to 10% of the property’s reserve price.

The deposit must be paid via bank transfer to the Dubai Assets escrow account.

Deposit Rules

• Required before bidding is permitted

• Fully refundable to unsuccessful bidders

• For winning bidders, the deposit will be applied toward the purchase price

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5. Unauthorized Bidding Penalty

Any person who attempts to bid or place bids without first paying the required 10% deposit agrees to pay a €2,000 administrative penalty to Dubai Assets.

Dubai Assets reserves the right to pursue recovery of this penalty through legal means.

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6. Reserve Price

Each property may have a confidential reserve price set by the seller.

• Bids below the reserve price may be rejected.

• The auctioneer may withdraw a property at any time before final confirmation.

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7. Winning Bid and Purchase Obligation

The highest accepted bid at the close of the auction constitutes a legally binding commitment to purchase the property.

The winning bidder will be notified immediately following the auction close.

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8. Buyer’s Premium

A Buyer’s Premium of 3% of the final purchase price will be added to the winning bid.

This premium is payable to Dubai Assets.

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9. Property Transfer Fee

A 1% property transfer administration fee will be charged to the buyer.

This fee is separate from any governmental fees required by authorities in Dubai.

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10. Payment of Remaining Balance

The winning bidder must complete payment of the remaining purchase price via bank transfer to the Dubai Assets escrow account.

Payment deadline:

Within 30 days before the property\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s scheduled completion deadline.

Failure to complete payment within this period constitutes buyer default.

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11. Buyer Default

If the winning bidder fails to complete the transaction:

1. The 10% deposit will be forfeited

2. The property may be re-auctioned

3. The defaulting buyer must pay an additional penalty equal to 70% of the price difference if the property sells for less during the re-auction

Example:

Original winning bid: €1,000,000
Re-auction sale price: €950,000
Price difference: €50,000
Penalty owed: 70% of €50,000

Dubai Assets reserves the right to pursue recovery of these amounts.

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12. Property Condition

All properties are sold “as is, where is.”

Bidders are responsible for conducting their own:

• Due diligence

• Property inspections

• Legal verification

• Financial review

Dubai Assets makes no warranties or guarantees regarding property condition or investment performance.

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13. Auction Conduct

Dubai Assets reserves the right to:

• Refuse or revoke bidding privileges

• Cancel bids suspected of manipulation

• Suspend accounts involved in fraudulent activity

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14. Liability Limitation

Dubai Assets shall not be liable for:

• Technical failures of the auction platform

• Internet connectivity issues

• Errors in property descriptions supplied by sellers

Participation in auctions is entirely at the bidder’s risk.

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15. Governing Law

These Terms and Conditions shall be governed by and interpreted in accordance with the laws of the United Arab Emirates.

Any disputes shall be subject to the courts of Dubai.

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16. Acceptance of Terms

By registering or placing a bid on Dubai-assets.com, bidders confirm that they:

• Have read these Terms

• Understand the obligations

• Agree to be legally bound by them.