Home Everyday News Luxury Rental Auctions Launch in UAE, Allowing Residents to Bid on High-End Properties
Everyday News

Luxury Rental Auctions Launch in UAE, Allowing Residents to Bid on High-End Properties

UAE Rental Auctions

Source: Graana.com

A groundbreaking platform in the UAE, Bidbayt, is set to transform the luxury rental market by introducing an innovative bidding system.

invest with imarat

Islamabad’s emerging city centre

Learn More

Currently in its soft launch phase, Bidbayt will allow users to bid on premium properties, including homes, offices, and warehouses in high-demand locations. The highest bidder will secure the lease, offering a competitive edge to the rental process.

“There is strong demand for high-end rental properties, with tenants often willing to pay above market rates,” said Khaled Yaser Mir Abdullah Amiri, CEO and co-founder of Bidbayt. “Our platform provides a seamless and transparent way for such properties to be auctioned efficiently.”

Co-founded by Emirati finance expert Khaled Yaser Mir Abdullah Amiri, corporate law specialist Abdulla Ahmed Majjan, and Saudi lawyer Abdullah bin Saad bin Ghoneim, Bidbayt aims to increase rental income by up to 20% and reduce leasing time by 30% compared to conventional methods. The platform is set for a full launch in the coming weeks.

Arslan Siddiqui

Arslan is a Content Writer at Graana.com. With a bachelor's in marketing, he writes research-based guides on real estate, lifestyle and tech.

Published by
Arslan Siddiqui
5 hours ago

Recent Posts

CDA Chairman Visits Ramazan Bazaar to Ensure Relief

ISLAMABAD, Mar 05: To provide relief during the holy month of Ramazan, Chairman Capital Development…

2 hours ago

KP Government Launches PWMIS to Streamline Development Projects

Peshawar: The Khyber Pakhtunkhwa (KP) government has introduced the Public Works Management Information System (PWMIS)…

1 day ago

IMF Pushes Pakistan to Tackle Tax Evasion in Real Estate Sector

The International Monetary Fund (IMF) has urged Pakistan to step up efforts against tax evasion…

2 days ago

CDA & ICT Reaffirm Commitment to Protect Margalla Hills on World Wildlife Day

On World Wildlife Day, the Capital Development Authority (CDA) and Islamabad Capital Territory (ICT) administration,…

2 days ago

CDA Plans Upgradation of Gandhara Citizen Club & F-9 Park to Enhance Facilities

ISLAMABAD: The Capital Development Authority (CDA) officials convened a meeting to discuss the upgradation of…

3 days ago

CDA’s Commercial Plot Auction Generates Over Rs. 21.84 Billion on Day 3

Islamabad: The Capital Development Authority (CDA) has raised over Rs. 21.84 billion through the auction…

6 days ago

Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.