1. General Auction Rules
The auction is a public sale conducted through the Mzad Qatar app, where the product is offered for sale to interested buyers, and the auction is awarded to the highest bidder within the specified time period.
Mzad Qatar has the right to extend the auction time if any bid is submitted during the last 5 minutes of the auction, in which case the auction will be automatically extended by 5 minutes to allow others to bid.
2. Seller's Approval
The bidder is aware that the auction does not necessarily mean transfer of ownership, as the owner (seller) must agree to the price.
If the seller does not agree, the sale will not be concluded.
The bidder will be notified of the seller's final decision within (3) business days of the auction closing date.
3. Participation Requirements
All registration data and subsequent requirements must be fulfilled.
The deposit amount (at least 30% of the current bid value) must be covered.
The deposit amount can be refunded at any time unless it is the highest bid amount.
4. Fees and payment
The winning bidder is obliged to pay the amount within (24 hours).
Failure to pay will be considered a refusal to complete the purchase, and Mzad Qatar has the right to:
Confiscate the deposit amount.
Resell the product at auction.
Payment methods:
Cash payment at the office (up to QAR 50,000).
Bank transfer or deposit to the Mzad Qatar account.
5. Transfer and delivery
The transfer and delivery takes up to 3 working days after full payment has been made.
The auction is a public sale conducted through the Mzad Qatar app, where the product is offered for sale to interested buyers, and the auction is awarded to the highest bidder within the specified time period.
Mzad Qatar has the right to extend the auction time if any bid is submitted during the last 5 minutes of the auction, in which case the auction will be automatically extended by 5 minutes to allow others to bid.
2. Seller's Approval
The bidder is aware that the auction does not necessarily mean transfer of ownership, as the owner (seller) must agree to the price.
If the seller does not agree, the sale will not be concluded.
The bidder will be notified of the seller's final decision within (3) business days of the auction closing date.
3. Participation Requirements
All registration data and subsequent requirements must be fulfilled.
The deposit amount (at least 30% of the current bid value) must be covered.
The deposit amount can be refunded at any time unless it is the highest bid amount.
4. Fees and payment
The winning bidder is obliged to pay the amount within (24 hours).
Failure to pay will be considered a refusal to complete the purchase, and Mzad Qatar has the right to:
Confiscate the deposit amount.
Resell the product at auction.
Payment methods:
Cash payment at the office (up to QAR 50,000).
Bank transfer or deposit to the Mzad Qatar account.
5. Transfer and delivery
The transfer and delivery takes up to 3 working days after full payment has been made.