INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Abu Dhabi Judicial Department sells 787 cars for $5 million at auctions

The ADJD facilitated the procedures by allowing the bidders to obtain the purchased vehicles immediately.
  • The vehicles were sold at competitive prices ranging from $544 to $69424.
  • The five-car auctions generated a high influx of bidders, whose number exceeded 1,200.

The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past three months in which 787 cars of different types were sold.

The vehicles were sold at competitive prices ranging from AED2,000($544.51) to 255,000($69424.77) and yielded a total of AED18.5m ($5m) at the auction.

The five-car auctions generated a high influx of bidders, whose number exceeded 1,200, in an intense competition for the cars on sale.

The ADJD facilitated the purchasing procedures by allowing the bidders to obtain the purchased vehicles immediately after the closing of the sale.

This allowed pre-sale inspection of the cars one day before the event, completing the procedures and delivering the vehicles to their new owners on the same day, while guaranteeing the rights of all parties.