Security deposit to bid is 5000 AED. If you bid and win then you have to pay the full amount of your bid within 48 hrs. If by any chance you are not able to pay the full amount then your 5000 AED would not be refunded.
If the highest bidder withdraws then the vehicle winner would be the 2nd highest bidder or 3rd highest bidder. If all top three bidders withdraw then AWNIC will redo the auction for the same vehicle.
If you can want to participate in the AWNIC Auction once again, then you must repay the security deposit of 5000 AED.
After completing the payment, you must collect the vehicle in “as in” condition within one week of the date of the auction’s end.
The security deposit is refundable if you want to quit your AWNIC Online Auction Membership.
AWNIC Online Auction reserves the right to withdraw or cancel any online auction sales without prior notice.
AWNIC Online Auction is not responsible whatsoever for the period of issuing ownership documents.
All AWNIC online auctions are subject to AWNIC's auction committee approval.