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

How it works?

Sample | Auction | Must Sell | 1 BR Flat I Lagoon View| Distress Sale | Investor Opportunity

Sample | Auction | Must Sell | 1 BR Flat I Lagoon View| Distress Sale | Investor Opportunity

Description

Auction Details

🧭 How to Participate

1️⃣ Visit https://property-auction.ae/my-account
2️⃣ Register & Verify Your Account
3️⃣ Submit a 10% Refundable Deposit (subject to Auction terms & conditions)
4️⃣ Bid Live  

💼 Agency Fees: Only 2% of the final bidding price

🌟 Auction Highlights

  • Must Sell – Distress Sale – Lowest Price in the Market
  • Studio with Premium Finishes
  • Flexible Payment Plan (35/65 ) – 5 Years Post-Handover
  • High ROI Potential in a Prime Waterfront Community
  • Transparent, Regulated, and Secure Online Auction

📋 Property Details

  • Project: Gateway 2, Mina Al Arab
  • Developer: RAK Properties
  • View: Lagoon View
  • Type: 1 BR flat
  • Floor: 1st floor

 

💰 Investment Advantages

  • Below Market Value Distress Deal – Subject to seller approval as per Auction terms and conditions
  • Located in Mina Al Arab – RAK’s Fastest-Growing Luxury Destination
  • Premium Beachfront Lifestyle & Developer Reputation (RAK Properties)
  • Flexible Payment Plan (35/65 ) – 5 Years Post-Handover

🏢 About Gateway 2 , Mina Al Arab

RAK Properties brings to you Gateway Residences 2, a new luxurious waterfront development in Hayat Island, Ras Al Khaimah. The project stands out with its stylish, contemporary apartments beautifully designed to merge luxury with modern practicality, set amidst nature’s splendour.

🏛 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 RAK Chamber of Commerce (H-64620-2025).
We deliver transparent, compliant, and secure digital property auctions across the UAE market.

Property Details

Rooms 1
Bathrooms 2
Property Size 944 sq ft
Status(Primary or Secondary Market) Secondary Market
Residential Apartment
Category Freehold
Location Mina
Property Status Ready

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 105,000

(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: 1405
AED 1,050,000
End Date
18th Nov
Time Remaining
-:-:-
Bids
0

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