Dubai: Even a ‘rental auction’ in Dubai is proving a winner as the city’s property market continue to soar.
A project by the developer Alphabeta Properties called the ‘M77’ - located at Meydan Avenue - called in bids from those who wanted to rent units at the building. Said to be the first ‘rental auction property’ in Dubai, all units were ‘fully booked within a mere two weeks’ of the bidding starting, according to the developer.