Interested people are requested to visit the offices of Awqaf & Minors Affairs Foundation – Dubai, located at Deira - Amman Road – Al Nahdh Building – Ground Floor
According to the following Terms and conditions :
1. Subscription deposit value shall be 20% of the opening price declared for each property with a maximum limit amounting into AED 5000, payable in cash during the registration period, starting from publication date intoWednesday corresponding into 05/October/2011Such amount shall be refunded into the subscribers after 10 working days from the auction date according to AMAF financial system.
2. Each Subscriber or its representative must be available at least half an hour before the auction session, provided presenting its original document/ ID to confirm its presence; default will incur the confiscation of 20% of deposit value up to AED 1000 max. Note that only those participants who carry their payment receipt will be allowed to enter the public auction session.
3. Auction competition is based on AED 1000 and its multiples over the auction opening value.
4. Successful bidder shall pay the lease initial installment value in cash or via a cheque made to the favor of AMAF- Dubai immediately upon auction completion; during a maximum period of 14 days from the date of the auction session; withdrawal shall lead to full confiscation of the deposit.
5. Auction Closure principle does not apply, hence annual lease consideration is accordingly decided.
6. Lease seekers shall inspect the leased properties according to locations mentioned in the schedule hereinabove (Click on the property name - Arabic only).
7. No activities shall be practiced in the leased Properties contrary to Waqf and Islamic Shari'a sanctity; kindly refer to AMAF lease contracts terms and conditions for more information.
8. Public Auction session shall be held at AMAF premises on Thursday , corresponding into 06/October/2011 at 11:00 Morning.
9. This announcement shall be considered an integral part of the auction and complementary thereto.
