Online real estate auction platform launched

Dubai: A portal — www.ezayedrealestate.com — has been launched that will allow both physical and virtual bidding on properties. Principally targeted at residential property, eZayed will also auction select commercial real estate. The first auction is scheduled for the beginning of December and will include up to 28 properties. Only ready to move in, completed properties will feature. Interested buyers must submit a refundable security deposit to participate — Dh50,000 for UAE residents and Dh70,000 for non-residents.