The Abu Dhabi Judicial Department (ADJD) organised five car auctions at Al Mafraq vehicle impound area over the past three months, in which 787 cars of different types and categories were sold at competitive prices ranging from 2,000 to 255,000 dirhams and yielded a total of 18,577,000 dirhams.

The five car auctions generated a high influx of bidders, whose number exceeded 1,200, in a context of strong competition for the cars on sale, and the value of which was paid for by bank cards and bank transfers.

The ADJD facilitated the completion of the procedures for the bidders to take possession of the purchased vehicles immediately after the closing of the sale, allowing pre-sale inspection of the cars one day before the event, completing the procedures and delivering the vehicles to their new owners on the spot and on the same day, while guaranteeing the rights of all parties in accordance with the specific legal controls.

The auctions were entirely organised by the specialised staff of Abu Dhabi Judicial Department, in cooperation with the Abu Dhabi Police General Headquarters, as part of the efforts made to ensure a maximum of transparency, clarity and impartiality, while providing sufficient guarantees to safeguard the rights of the stakeholders.

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2022

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.