Huge response to public auction of shops

DUBAI - Dubai Municipality concluded the four-day public auction for shops at the newly built Central Fruits and Vegetable Market at Warsan in Al Awir area yesterday. A total of 67 shops, including 14 cold storages, came for auction during these days.

By A Staff Reporter

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Published: Thu 29 May 2003, 1:04 PM

Last updated: Wed 1 Apr 2015, 11:09 PM

The four days of auction conducted at Dubai Municipality Staff Club for wholesale and retail shops and cold stores fetched a total of Dh56.63 million, said Eng. Abdul Rahman Al Sharid, Director of General Projects Department, who chaired the auction proceedings on all the four days.

Eng. Al Sharid heads the committee formed under the directives of Dubai Crown Prince and UAE Defence Minister General Shaikh Mohammed bin Rashid Al Maktoum, to oversee the shifting of Central Vegetable and Fruits Market from Hamriya to Warsan.

The committee plans to organise two more auctions, expected to fetch around Dh20 million. The second auction will be held within three weeks from now, and the third is likely to be organised after summer, Eng. Al Sharid said.

"The first day's auction held for 16 corner shops in the wholesale clusters fetched Dh24.22 million. The second day saw 17 wholesale shops being auctioned for Dh19.44 million. The third day's auction was for 20 retail shops, and fetched Dh7.32 million, and on the last day, 14 cold stores were auctioned for Dh5.65 million," he said.

Eng. Al Sharid said that the traders who are currently operating at Hamriya market have already been handed over 49 wholesale shops in place of their existing shops.

The project, which cost around Dh170 million, includes separate blocks for wholesale and retail shops, in addition to other facilities such as bank, mosque, restaurants, cafeterias, post office, loading and unloading facilities and labour accommodation.



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