Heavy equipment buying heats up in Dubai with US$42+ million auction

Company News Auction Results Comments

With a record crowd of 920+ bidders at our recent Dubai, ARE auction September 8-9, the auction action was fast and furious. Bidders from 60+ countries competed onsite and online for more than 2,600 heavy equipment items and trucks. By the end of the two-day auction, US$42+ million of equipment been sold.

Doosan excavators ready to sell at Ritchie Bros.

Buyers from around the world.

Our Dubai auction attracted buyers from the Middle East and as far away as Australia, Mexico, and the United Kingdom. In fact, almost half of the equipment (approximately US$19 million) was sold to buyers from outside the United Arab Emirates. Online bidders purchased US$5+ million (12%) of equipment.

Onsite bidders at Ritchie Bros. Sep 2015 auction in Dubai

Eduard Faig, Regional Sales Manager, said, “We sold items for more than 200 equipment owners from the Middle East and beyond. Particular strong performers in the auction were cranes, telescopic forklifts and backhoes. We already have a huge selection of construction equipment and trucks consigned to our next Dubai auction, in December.”

JCB telescopic forklifts cross the ramp

Equipment selling highlights at a glance:

  • A 2009 Tadano GR-700EX 70 ton rough terrain crane sold for U$325,000
  • Two 2011 JCB 550-170 telescopic forklifts sold for a combined U$170,000
  • A 2011 Euro Tech 5MZ3000T concrete batch plant sold for U$110,000

The selection of equipment also included:

Dynapac vibratory rollers lined up ready to sell

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Next equipment and truck auction in Dubai
We conduct regular equipment auctions at our Dubai site. The next Dubai auction will be held December 15–16, 2015.

If you’d like to sell equipment and/or trucks at our next Dubai auction, contact the site directly at +971.481.20600 or fill out a simple form on our website.

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