18 buildings to be auctioned

ABU DHABI — The Abu Dhabi Municipality will auction of 18 buildings in Khalifa City in line with its privatisation policy.

By Atef Hanafi

Published: Thu 31 Aug 2006, 9:12 AM

Last updated: Sat 4 Apr 2015, 6:22 PM

Companies with the highest bids will manage and carry out maintenance works.

Most of these three-storey buildings combine residential apartments and shops.

However, the lease prices will be determined by the municipality to avoid speculation, Tariq Al Khori, head of Rents and Property Section of the Investment Department at Abu Dhabi Municipality said.

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