Online auctions are roaring around the world, as Individuals and companies turning the digital platforms to buy or sell different items. The Emirates Auctions have been a notable success in the sector and also a perfect example of what can be done in the world on online auction. The Worldwide online auction market is predicted by experts to reach a significant valuation source of around $2.506,13 million in 2027. It will be accompanied by a growth rate that is estimated at around 11.35% per year now.
With the rapid growth of the popularity of online auction platforms, the number of auction apps in the marketplace is growing rapidly. Developing an auction app like Emirates Auction can be helpful for your bidding process, it attracts a huge range of target audiences, evolving the transparency of the information, and producing many other benefits. In this blog, we will dive into a step-by-step guide to developing an app like Emirates Auction.
What is the Emirates Auction App?
The Emirates Auction mobile app is being used by the United Arab Emirates which particularly performs in online auctions. It offers a variety of goods, along with electronics items, real estate, and other fancy instruments. The apps conduct the auction process that can be based on accessibility and efficiency by providing a platform that enables users to browse auctionable items, bids placements, and achievements. Companies or individuals can hire Android app developers who have expertise in mobile app development and building auction platforms that create an app that can be user-centric.
Why Must Businesses Invest in Auction App Development?
Emirates Auction was founded in 2004 and rapidly became the biggest auction company in the UAE, providing users with a thrilling route for both buying and selling an electric array of goods, based on vintage collection and luxury vehicles to real estate properties, and so on. With the rise of developing an app like Emirates Auction that offers real-time bidding, user-centric experiences, and robust security measurements. Subsequently, the journey of converting the innovative idea into reality looks very tragic. It involves several crucial elements, each of them having its valuation and challenges in the app development industry.
According to the real analysis reports, the global market of hard assets types of equipment online auctions was valued at USD 9801.18 million in the last two years and is drastically expanding upto 18.17% within the next 4 to 5 years. And so on the market size of the digital online auction will increase upto USD 26691.27 million by the end of 2028. Therefore, the EA has become a beacon of trust and efficient compatibility in the digital landscape, transcending the boundaries of the physical auction. The market sector has a variant of contractors that bid on several governments and banks.
How to Build an Online Auction Application
Emirates Auction has simultaneously captured users’ attention in the Middle East, producing a seamless blend of buying and selling a wider range of goods and services. The development of the auction application can be a different task. Individuals can Create An App Like Emirates Auction with the help of an ecommerce development company that produces its app development services at an affordable price. Seeing the exclusive use of a bidding app in the concurrent market sector has given a new way of using the auction application in the digital industry that produces high efficiency, and adaptability to accept new changes in the marketplace.
Let’s understand the process of developing an auction app like Emirates Auction:
1. Market Research:
Before getting to Develop an auction app like Emirates Auction, take a quick review and understand the development process of the bidding application, by conducting market research and taking a quick analysis of the market trends that are acceptable by the users frequently. Also, analyze the competitors’ auction apps to know the market strategies that are being used by your competitors. Additionally, concrete the likes and dislikes about the applications that were given by the digital users to know the exact choice of your targeted consumers, and so on look further for the user feedback and design the app features as per that only.
You must be examining the target audiences and define your production cost that would be reasonable and appropriate for users to purchase it. Also, have clarity on how to develop the geographical location where you want to develop your application. Identifying those points while researching can significantly help to get the ultimate growth of your product.
2. Determine App Features and Functionality:
The very next step to developing an auction app like Emirates Auction, you have the clarity to define the app features and functionality that you are significantly looking for in your dream project, and it must be user-centric. By designing the app features and functionality of your auction app Emirates Auction can be found simply by utilizing which users can easily guide via the entire app.
Consequently, you can design the app features and functionality of your auction app by keeping your targeted consumers in mind. You must consider the era, the geographical locality, and the other factors that can be affected by using these features and functionalities of the applications. You can considerably become supportive of the app if you are acquiring to produce your application in various regions.
3. UI/UX Designing:
While designing a UI/UX-based application like Emirates Auction, it is very important to make it easy and simple for users. The UI designers should have clear visuality about the applications that have instinctive buttons and menus, that can be easily helpful for users to navigate the application without facing any complexity while using the application. The contrast color, font size, and illustration can be appealing and consistently used by the applicants.
On the other hand, the UX must pay attention to making the app efficient and maintain its useability. It simultaneously dissolves the time to complete that particular task, providing important notifications and feedback, and enabling the app to respond quickly. However, the goal is to create an application that is quite user-centric and make the auction process proceed simple and convenient.
4. Application Development
The important step that developers are extremely focusing on to Create An App Like Emirates Auction is to gather relevant information about the app features and functionalities that require exclusive planning. After which they start coding by using programming languages such as Java or Swift. Significantly, they also analyze the app features by doing appropriate testing of the application to fix the complex part.
Once the app is stable and working well, it will go on to the advanced testing of the application and so on they move further for the app launch. It will be released on the app stores from where the users can directly download it onto their smartphones for better use. The companies hire a mobile app developer that rapidly performs to adopt new ethics and work closely with the app designers and the developers to ensure high-quality applications and efficient user experience.
5. Testing and Deployment:
Testing an application like Emirates Auction that considers several iterations. Once the app is being developed, it will go through the testing expression. The testers simultaneously check the application regularly to ensure its bugs are fixed or any other issues that ensure it works properly. The testers test different features at a time to check that it is performing properly and must note that they are providing positive results under the user’s acknowledgment.
On a final note, if the testing phase is completed and all the bugs are individually fixed, your app will be ready for deployment. It will get uploaded to app stores like Apple App Stores or Google Play Stores, where users can download and install it directly on their mobile phones. This will help people to begin using the apps and their well-featured services.
6. App Support and Maintainance:
Application support and maintenance are important for using an app like Emirates Auction to enable the app functionality to work smoothly and can be addressed on various app devices. Support enables assisting users, answering their doubts, and helping them resolve the application issues that can occur while using the application. This support can usually operated via various media like email, virtual chat, or by adopting dedicated team support.
Maintenance concerns regularly updating the app to fix bugs, enhance implementation, and add new elements based on user feedback. This keeps the app safe, up-to-date, and aligned with increasing user demands. Support and supervision contribute to a favorable user experience and help create trust and loyalty among app users.
How Much Does it Cost to Develop an Auction App Like Emirates Auction?
Once you decide to make an auction app like Emirates Auction, understand its essential needs that eventually determine the exact cost to develop a mobile app or a portable app from the mobile app maintenance services providers online. You must significantly utilize the real-time market strategy that helps entrepreneurs to generate more revenue from it. Coming towards the app development price allocation, creating an Online auction app is the best option for Android app development services or entrepreneurs who want to adopt new ethics in the digital industry.
However, there is no universal solution that explains the exact cost of building an auction app such as Emirates Auctions.
The actual cost of developing an auction app like Emirates Auction can be based upon several factors such as the rich features of the application, the location of the application development team, the size and complication of the application, adopting new functionality numerous programmers’ involvements, etc.
- The standard cost to develop an app like Emirates Auction which delivers end-to-end custom iOS app development services is around $10,000 to $20,000.
- For a single medium, Simple App costs will be charged around $8,000 to $14,000.
- You’d expend anywhere between $15,000 to $ 25,000 on creating a robust auction app.
However, there are various kinds of options available to make money via developing a robust app like Emirates Auction. So if you are also looking forward to developing an online bidding app to money more income, you must consult with the mobile app development company, as they can understand your business requirements and will produce an effective solution accordingly.
What are the Factors that affect the Cost of Developing an Online bidding app?
The immeasurable development and popularity of Emirates Auction display the lucrative enterprise possibility of constructing a similar app in the vibrant terrain of the Middle East. But before you stride into this venture, you should consider the different cost-determining elements to get an accurate idea of how considerably an app like Emirates Auction development costs.
1. App Intricacy:
The app’s piracy is one of the biggest concerns in contributing to the overall auction app development cost. The more complex is your project, the higher the charges for your application. For Example, a simple application will have limited features that probably costs less amount, as compared to a well-featured application that has advanced features and functionality like real-time auction apps, that have different consideration, payment integrity, etc.
2. Design and User Experience:
A significant appealing and intuitive user-centric interface is the major requirement in creating a successful online bidding app like Emirates Auction. A compelling user interface ensures that it can be easily used and has accessibility and navigated via the forum. A well-organized UI/UX requires the additional efforts of professional mobile app developers to make the extensional app designs. However, the clients can hire Android app developers India for this particular task to get accurate results, which can go for a high cost.
The auction app design should be user-friendly and easy. It will enable users to smoothly find all the features of the app and guide them through it. An app with complicated features but a straightforward design will improve the app’s interpretation and increase user attention.
3. Platform Choice:
Platform choice is the other most vigorous factor that indicates the app like Emirates Auction development cost. For Instance, it costs less to develop an online bidding app for iOS and Android instead of building a cross-platform. However, the IOS app development company provides a more lucrative business development solution and can also provide endless possibilities for entrepreneurs. You can hire app developers that build an auction application like Emirates Auction.
4. Backend Development:
The backend contains the maintenance and databases of the server-side application as well as APIs for handling user data, auctions, and interchanges. The mobile app development cost is impacted by the sophistication and scalability of your backend. You’ll need a strong, scalable, and more costly backend if you desire a large number of users or transactions.
5. Security and Maintainance:
Online auction apps must be secured and safe. To protect financial trades and user data, you’ll desire to invest in robust security actions. These contain secure authentication, encryption, and shield against online hazards including cross-site scripting and SQL injection. You should not shorten intersections on security standards, as a breaking of security could have disastrous results for your users and your brand value will be in danger.
6. Third-Party Integrations
Most auction apps have direct integration with third-party services. It could be integrations with settlement gateways to procedure transactions, social media venues to share auction entities or even shipping and Emirates logistics services. Every integration calls for additional development work and might have systematic expenses like expenses for the use of external services.
Explain Top Examples of the Online Bidding Apps
Now it’s time to take a quick note of the real competitors in the digital landscape. Previously, we have gone through the importance of building an online auction app like Emirates Auctions and its accuracy in the developing sectors. Let’s know the real competitors of the online auction apps:
eBay is the most popular and standard competitor of the Emirates Auction app in the present world. It was established by Pierre Omidyar in the year 1995 and given the name of AuctionWeb. It is simply used in various production categories, such as artwork, real estate, sporting goods and services, accessories, toys, and many more.
Auction.com is the best alternative to an app like Emirates Auction. The company was founded in the year 2007, by the investment holder Thomas H. Lee Partners, Capital G, and Stone Point Capital. It is specifically used in the real estate department, property selling, etc.
Developing an auction app like Emirates Auction is a difficult assignment, as you need to customize the elements and functionalities according that much your business’s requirements. Integrating your auction app with essential features, like, secure payment gateways, real-time bidding strategies, an instinctive user interface, and more. It significantly requires strong planning, strict execution, during the development, and a robust eye-catching, pixel-perfect application design.
If you are looking forward to creating an app like Emirates Auction, but are stuck on where to start, you could aspire to contribute from a custom mobile app development company that has relevant experience in the eCommerce app development industry. However, these mobile app development services have the necessary expertise and can also proceed to the result within a reasonable cost.