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Separate permits needed for auctions
- United Arab Emirates: Thursday, June 04 - 2009 at 12:02
Mohammed Sultan Al Thani, Assistant Director-General of Dubai Land Department has said that any company that wants to hold a public auction needs to get an auction licence from the Department of Economic Development and an auction permit for every auction they hold from the Land Department, and has to fulfil a number of formalities before the auction process can begin. A fee of Dhs2,000 is charged per auction permit.
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