Public Auction — Residential House No.124, Block-A, PCSIR Co-op Housing Society, Lahore (13.80 Marla) — Auction 2026-07-07

Dubai Islamic Bank Limited invites sealed/public bidders to a public auction of mortgaged residential property to recover outstanding finance. The property is mortgaged to the Bank against finance to Mr. Muhammad Abbas Arif S/O Muhammad Arif, R/O House No.124, Block-A, PCSIR Staff Co-Operative Housing Society Ltd., Lahore.

Key terms & conditions (summary):

• Reserve price as stated above. Bids below the reserve may be subject to Bank’s approval/conditions.
• Intending purchasers must deposit a specified earnest amount (as required by the Bank) at the time of auction — deposit acceptable in cash/ certified cheque as directed by the Bank.
• The successful bidder/purchaser will be responsible for payment of the balance purchase consideration within the Bank’s specified period and for all applicable taxes, stamp duty, registration charges and fees relating to transfer.
• The property is offered on an “as is where is” basis and sale is subject to terms of the Financial Institutions (Recovery of Finances) Ordinance, 2001 and the Bank’s auction rules.
• For full terms, conditions and exact deposit/payment instructions contact the Bank’s collection/legal managers listed above prior to attending the auction.

Interested parties should note the proclamation date and attend the site on auction day. For clarification, documentation or to confirm auction procedures contact the Bank representatives listed above.