{"id":9957,"date":"2018-04-19T06:29:07","date_gmt":"2018-04-19T06:29:07","guid":{"rendered":""},"modified":"2018-04-19T06:29:07","modified_gmt":"2018-04-19T06:29:07","slug":"aed-million-worth-of-lost-items-were-auctioned-off-by-dubai-police","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/news\/aed-million-worth-of-lost-items-were-auctioned-off-by-dubai-police\/","title":{"rendered":"AED7.6 MILLION Worth Of Lost Items Were Auctioned Off By Dubai Police"},"content":{"rendered":"
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If you’ve ever lost something and never got it back, chances are it was probably auctioned off.\u00a0<\/p>\n

As per UAE law, any lost item will only be kept for a certain amount of time to be claimed by the owner\u00a0after which it is auctioned off.\u00a0<\/p>\n

Dubai Police has several warehouses to house these unclaimed lost items and since 2017 almost 6,575 items were recovered and never claimed.\u00a0<\/p>\n

And it was announced yesterday that the total amount of money from the auctioned lost items had reached AED7,658,482,\u00a0Khaleej Times reported<\/a>.\u00a0<\/p>\n

By UAE law\u00a0<\/h3>\n

Under law number five of 2015\u00a0in the UAE, those who “find lost items or money must hand it over to the police within 48 hours to avoid penalty.”\u00a0<\/p>\n

And to those who actually hand in the lost item will be given an appreciation certificate and at times a financial\u00a0reward worth 10%\u00a0of the lost item’s net worth – given that it doesn’t go over AED50,000.\u00a0<\/p>\n

The finder can also claim the item if the owner does not claim it in a year’s time.\u00a0<\/p>\n

The police may also\u00a0sell the found item and the money generated from the auction will be put into the Dubai government’s treasury.\u00a0<\/p>\n

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