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FINANCIAL NEWS
Dubai’s Asteco plans online property auctions
16 Aug 2012
(MENAFN) Dubai-based real estate consultant Asteco Property Management unveiled plans to launch an online property auction website, targeting more international investors, Arabian Business reported.
The company said it has agreed with US-based LFC International Real Estate Brokerage to offer the service.
Dubai property market saw USD5.98 billion worth of transactions during the first half of 2012, according to data from the Dubai Land Department (DLD).
Indian investors topped foreign investors’ deals in the emirate, purchasing 2,153 properties valued at USD1 billion, followed by Pakistanis with a total of 1,814 properties at USD466.125 million, followed by British investors, Iranian and Russian investors.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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