The first and only licensed real estate auction company in Ras Al Khaimah (RAK)

How it works?

Auction | No Reserve | Must Sell | Fully Furnished 1 BR | Distress Sale I Investor Deal)

Auction | No Reserve | Must Sell | Fully Furnished 1 BR | Distress Sale I Investor Deal)

Description

 

Auction Advertisement Permit issued by RERA – Permit No.: 20251001 (Real Estate Regulatory Administration – RAK Municipality)

Auction Conducted by Prime Property Auctions LLC – Licensed & Regulated

 

 

HOW TO PARTICIPATE

1️⃣ Visit our official website  https://property-auction.ae/my-account

2️⃣ Register & Verify Your Account
3️⃣ Pay a 10% refundable deposit (subject to the website’s terms and conditions)
4️⃣ Bid Live – No Reserve, Must Sell!

 

Agency Fees:

Only 2% of the final bidding price 

AUCTION HIGHLIGHTS

🎯 No Reserve – Must Sell!
🛋  Fully Furnished 1 BR Apartment by Pantheon Development
🏗  Flexible 60/40 Payment Plan
🏆 Secure Online Auction – Transparent, Regulated, and Government-Compliant

 

INVESTMENT ADVANTAGES

✅ Guaranteed 12% Net ROI (3 Years) or 10% Net ROI (5 Years)
✅ Fully Furnished with Premium Interiors
✅ Transferable ROI Contracts – Ideal for Investors
✅ Service Charges /Maintenance: Waived During ROI Term
✅ Flexible 60/40 Payment Plan (60% During Construction / 40% on Handover)

 

  • Project: ONE RAK CENTRAL
  • Developer: Pantheon Development
  • Unit Type: 1 BR Apartment
  • View: Wynn View
  • Floor: #7

 

ABOUT ONE RAK CENTRAL

Developed by Pantheon Development, ONE RAK CENTRAL introduces a new standard of affordable luxury in Ras Al Khaimah.
Combining elegant design, premium finishes, and guaranteed income options, it’s the perfect investment for both end-users and global investors seeking solid returns and long-term value.

 

ABOUT PRIME PROPERTY AUCTIONS LLC

Prime Property Auctions LLC – OPC is the first and only licensed private real estate auction house in Ras Al Khaimah (License No. 62509), regulated by RERA / RAK Municipality, and a member of the Ras Al Khaimah Chamber of Commerce (H-64620-2025).
We deliver transparent, compliant, and secure digital property auctions—bridging trust, speed, and opportunity across the UAE’s real estate market.

 

Property Details

Rooms 1
Bathrooms 1
Property Size 685.02 sq. ft.
Furnishing Type Fully Furnished
Residential Apartment
Category Freehold
Location RAK City
Property Status Off-plan

How to Bid?

To participate in the auction for this property, the buyer must:

  • Sign the Auction Registration Form (only once, free of charge)
  • Submit a deposit of 10% of the property’s starting price via bank transfer, Manager’s Cheque, or licensed trustee.
  • Once both steps are completed, the user can start placing bids.

AED 117,590

(10% of Starting Price)

BID NOW

Frequently Asked Questions (FAQs)

We offer the following auction formats:

  • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
  • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.

We offer the following auction formats:

  • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
  • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.

We offer the following auction formats:

  • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
  • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.

We offer the following auction formats:

  • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
  • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.We offer the following auction formats:
    • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
    • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.

We offer the following auction formats:

  • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
  • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.We offer the following auction formats:
    • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
    • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.

We offer the following auction formats:

  • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
  • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.We offer the following auction formats:
    • Timed Auctions: Bidding is open for a set time window; the highest bid at closing wins.
    • Hybrid Auctions (Coming Soon): A mix of live in-person and online bidding, offering flexibility to both local and global investors.

For all FAQs, please visit the FAQ section

View All FAQs

Important Notice

Any bid placed within the final 5 minutes before an auction’s scheduled closing time will automatically extend the auction for that item by an additional 5 minutes. This extension will be triggered each time a new bid is placed within the final 5 minutes.

Disclaimer

Please be advised that all decisions regarding the acceptance or rejection of submitted offers are subject to the rulings of:

  • The concerned courts, if the property is auctioned under their authority.
  • The property owner, if the auction involves privately owned property and the reserve price has been met or exceeded.

Please refer to the terms and conditions accepted during registration. Prime Property Auctions shall not be held liable for the results of any submitted requests.

Auction has Expired!
Save
Property Ref: 1400
AED 1,175,900
End Date
18th Nov
Time Remaining
-:-:-
Bids
0

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