Let us answer your questions.
What property types do you sell?
We sell commercial, industrial, office, mixed-use, development, and selected residential properties.
What makes Galetti Auctions Dubai different?
Galetti Auctions delivers a structured, time-bound sales process that creates competition between qualified buyers, ensuring transparent pricing, faster transactions, and a higher level of certainty for both buyers and sellers.
How do I know what reserve price to set?
We provide a detailed valuation and price counselling upfront, based on market conditions, comparable sales, and buyer demand. The reserve price is ultimately your decision, guided by our experience and data.
What happens if I am the highest bidder?
You sign the Conditions of Sale immediately and pay 10% of the purchase price.
Guarantees must then be provided within the agreed timeframe.
What happens if bidding does not reach the reserve price?
If the highest bid is close to the reserve, we will negotiate with the top bidders immediately after the auction. Many sales still conclude successfully during this post-auction window.
What information must I provide before going to auction?
You will need to supply standard property documentation such as title deeds, lease agreements (if applicable), municipal accounts, and any relevant building or zoning information. We assist in compiling the full due-diligence pack.
Is the sale final once the hammer falls?
Yes. The sale becomes legally binding at the fall of the hammer. The buyer must comply with the terms set out in the Conditions of Sale, including deposits and guarantees within the agreed timeframe.
What if my property is tenanted?
Tenanted properties can still be sold on auction. We include lease documentation in the due-diligence pack, and buyers assess the investment based on the existing tenancy and income profile. The buyer takes over the leases once transfer is complete.
Who manages the legal documentation?
Galetti prepares the auction Conditions of Sale, facilitates the mandate, and coordinates with attorneys throughout the transfer process. We ensure all documentation is accurate and compliant.
Do you manage the entire auction process?
Yes. We handle onboarding, due-diligence packs, marketing, bidder registration, auction day execution, and the transfer process through appointed conveyancers.
How do you attract serious buyers?
Through targeted digital campaigns, our national investor database, broker networks, direct outreach, and structured bidder pre-qualification.
What costs do I pay as a seller?
The seller only pays for the agreed marketing campaign. The buyer pays the commission (buyer’s premium), so the auction result is net to the seller.
What documents do I need to provide?
Title deed, lease agreements (if applicable), municipal accounts, zoning/building information, and standard compliance documents. We help compile the full due-diligence pack.
Can I sell a tenanted property on auction?
Yes. The lease agreements form part of the due-diligence pack, and the buyer takes over the leases after transfer.
Who handles the legal process?
We prepare the Conditions of Sale and work with conveyancing attorneys to manage the transfer.
Do I need to register before the auction?
Yes. All bidders must complete registration, submit FICA documents, and pay a refundable registration deposit.
Is the registration deposit refundable?
Yes. It is fully refunded if you are not the successful purchaser.
What happens if I am the highest bidder?
You sign the Conditions of Sale immediately and pay 16.5% of the purchase price. Guarantees must then be provided within the agreed timeframe.
Can I withdraw my bid after the auction?
No. Once the property is declared sold, the transaction is legally binding.
How do I prepare to bid?
Review the due-diligence pack, inspect the property, confirm your funding plan, and understand the auction Conditions of Sale.
What if the reserve price is not reached?
The seller may accept the bid or negotiate with interested parties after the auction.
Are auction sales subject to finance approval?
No. Auctions are unconditional. Buyers must complete all due diligence and funding preparation before bidding.
How long does the auction process take?
Typically a 4-week marketing campaign followed by auction day and the transfer process.
Is the process transparent?
Yes. All bidders compete under the same conditions with access to the same information.
Who can assist me during the process?
Our brokers guide both buyers and sellers at every stage.
Why are auctions effective in the Dubai market?
They match the speed of the market by creating a fixed sale date, concentrating buyer demand, and delivering real price discovery in a transparent environment.
Are auction sales legally binding in Dubai?
Yes. Once the Conditions of Sale are signed and accepted, the transaction becomes binding in accordance with the agreed terms.
Can international buyers participate?
Yes, subject to compliance with registration, FICA/KYC requirements, and the auction Conditions of Sale.
How are guarantees and transfer handled?
Appointed conveyancers manage the transfer process once the seller accepts the offer and guarantees are provided.
What FICA/KYC documents are required?
Standard identity, address, and company documents (if purchasing in an entity).
Let us answer your questions.
How does the auction process work?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Can international investors participate?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec
ullamcorper mattis, pulvinar dapibus leo.
What makes Galetti Auctions Dubai different?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
What property types do you sell?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
What makes Galetti Auctions Dubai different?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Can international investors participate?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
How does the auction process work?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
How do I know what reserve price to set?
We provide a detailed valuation and price counselling upfront, based on market conditions, comparable sales, and buyer demand. The reserve price is ultimately your decision, guided by our experience and data.
What happens if bidding does not reach the reserve price?
If the highest bid is close to the reserve, we will negotiate with the top bidders immediately after the auction. Many sales still conclude successfully during this post-auction window.
What information must I provide before going to auction?
You will need to supply standard property documentation such as title deeds, lease agreements (if applicable), municipal accounts, and any relevant building or zoning information. We assist in compiling the full due-diligence pack.
Is the sale final once the hammer falls?
Yes. The sale becomes legally binding at the fall of the hammer. The buyer must comply with the terms set out in the Conditions of Sale, including deposits and guarantees within the agreed timeframe.
What if my property is tenanted?
Tenanted properties can still be sold on auction. We include lease documentation in the due-diligence pack, and buyers assess the investment based on the existing tenancy and income profile. The buyer takes over the leases once transfer is complete.
Who manages the legal documentation?
Galetti prepares the auction Conditions of Sale, facilitates the mandate, and coordinates with attorneys throughout the transfer process. We ensure all documentation is accurate and compliant.