Monday | 20 Jan 2025
What happens if the owner withdraws from the auction after a property is listed?
If the property owner withdraws or refuses to sell after listing without a valid reason, they may face penalties, such as being banned from future auctions. However, if a legitimate reason is provided, this may be evaluated on a case-by-case basis.
Can a broker handle all aspects of the sale on behalf of the property owner?
Yes, brokers can handle all aspects of the sale, including listing the property, marketing, and negotiating, provided they have a valid Power of Attorney from the owner authorizing them to do so.
Can I sell a property on behalf of the owner in Gazal Auction?
Yes, you can sell a property on behalf of the owner as long as you provide a Power of Attorney (POA). If you are representing a non-resident owner, the POA must be accredited by the UAE Ministry of Foreign Affairs.
Do I need to pay a security deposit when listing my property?
No, with our updated policy, you are no longer required to pay a security deposit to list your property on Gazal Auction. We’ve made it easier and more accessible for sellers to showcase their properties without any upfront costs.
What are the benefits of selling my property with Gazal Auction?
Selling your property with Gazal Auction comes with many benefits:
- 0% commission for sellers – You don’t pay any fees to list your property.
- High visibility – Your property will be advertised to a wide pool of potential buyers.
- Quick sales – Our auction process is designed to help you sell your property fast, often in a matter of days.
- Buyer commissions – Only buyers pay a 1% commission, making it attractive for sellers.
What happens if my property doesn’t sell?
If a property does not sell during the auction, it can be relisted with the seller's consent at a 10% lower price for a maximum of two additional auction attempts.
Can brokers participate in Gazal Auction?
Yes! We welcome brokers to bring sellers to our platform. As a broker, you can earn 25% of the buyer’s commission for each seller you bring to Gazal Auction. It’s a great way to expand your business and earn substantial commissions.
How do I follow up on the status of my property sale?
You can track the progress of your property sale through your Gazal Auction account dashboard, where you will receive updates on offers, auction dates, and interested buyers. Our customer service team is also available to assist you with any queries.
Is there any additional commission for brokers selling through Gazal Auction?
No, Gazal Auction does not charge the seller any commission. Brokers can negotiate their own commission with the property owner outside of the auction platform.
What documents are required if a real estate company or broker is selling on behalf of the owner?
If a real estate company or broker is selling on behalf of the owner, the required documents include a Power of Attorney, owner’s Emirates ID or passport, title deed, and a valid real estate license (if applicable).
How do I get started as a seller on Gazal Auction?
Getting started is easy! Simply sign up on our platform, list your property, and provide the necessary details such as property photos and description. There's no need for upfront payments or evaluations. Our team will take care of the rest, ensuring your property is presented to a wide audience.
Is a property evaluation required before I list my property?
No, property evaluations are not required prior to listing your property. We have simplified the process, and you can now list your property without worrying about evaluation costs or procedures.
How quickly can I sell my property through Gazal Auction?
Properties listed on Gazal Auction can sell quickly due to our extensive marketing and targeted audience. On average, properties are sold within a few weeks, but this can vary depending on market demand and the property type.
Who pays the commission at Gazal Auction?
Only the buyer pays a commission. Sellers enjoy the benefit of selling their property with 0% commission. The buyer is charged a 1% commission based on the property’s final sale price.
How are properties advertised on Gazal Auction?
We take care of all the advertising for you! Once you list your property, we use targeted digital marketing strategies, including social media and online platforms, to attract a wide pool of buyers, ensuring your property gets maximum exposure.