The Area Prime Slot auction follows a few simple rules to ensure fairness and transparency:
- Bidding Window: Auctions open on the 18th of every month and close on the 24th. Agencies can only place or update bids during this time.
- Qualify for Bidding: To participate, a temporary AED 1,000 hold will be placed on the Agency’s provided card. This is not a charge and will be released once the auction ends and any outstanding payments are settled.
- Bidding Process: Agencies can place bids on Prime Slots for their preferred Area, Purpose and Category combination. Users will not be asked to pay at the time of bidding. Bids can be placed on one or more Prime Slots.
- Auto Bid Available: You can enable Auto Bid to automatically increase your bid up to a set limit, so you don’t miss out if someone else bids higher while you're away.
- Instant Updates: Profolio™ will provide real-time updates for bids on Prime Slots, allowing agencies to make informed decisions.
- Auction Winners: The highest bidder will win, provided payment is completed within the deadline.
- Payment Options: Highest bidders will be asked to make payment after winning a Prime Slot. They can choose to make direct payments online, or can transfer the payment to the provided account number.