DUBAI: Madania Real Estate has launched a property auction program that aims to become a benchmark for the auctioneering sales method in the UAE. The program facilitates real estate sales between vendors and buyers in a highly transparent manner that ensures the price paid is a true reflection of the property’s market value. The first event is due to take place on May 19 and its results will be a powerful and insightful indicator into how the Dubai real estate market is performing.
The new program reinforces Madania Real Estate’s reputation as a market innovator, able to bring tried and tested techniques and expertise from other markets around the world to the Emirate. The company’s latest innovation follows the introduction of the increasingly popular deferred payment plan, which helps its clients rent-to-buy properties in Dubai.
Raymond Kuceli, CEO, Madania Real Estate, said: “As the downturn in the global economy impacts the real estate sector in Dubai, we continue to see negative sentiment affecting the behavior of vendors and buyers. As a consequence, the level of transaction activities is significantly reduced as both vendors and buyers struggle to determine a true value for a given property.”
Kuceli continued: “Our new program helps vendors and buyers find a true market price, acting as a catalyst for transaction activities, as well as an indicator for industry investors. As a company we aim to pioneer innovative solutions to market problems and believe that this program will set the standard for this type of sales method as the market takes its next steps in the maturing process.”
A subsidiary of Al-Tamimi Investments, Madania Real Estate is led by CEO Raymond Kuceli, a real estate professional with over 20 years expertise and a licensed auctioneer. The company’s focus is to build a relationship of integrity with each of its customers and clients by delivering excellence in service and real estate knowledge, driving all situations to a successful outcome for all.
