Friday , October 19 2018

Dubai real estate brokerage commissions hit AED571mn

DUBAI / WAM

Dubai Land Department (DLD) announced that the real estate brokerage commissions reac-hed AED571 million during the first half of 2018, with a total of 5,181 active brokers, representing 2,113 offices, contributing to the sustainable growth achieved by the sector.
The Department of Real Estate Studies and Research of the DLD also reported that the activities of the brokers and real estate offices during the report’s period were transparent, amounting to 2,978 transactions that generated a total commission value of as much as AED571 million. The number of contributing female brokers working in the real
estate sector was 678.
Yousuf Al Hashimi, Deputy Executive Director of Real Estate Regulatory Agency, commented, “We appreciate the essential role played by authorised and licensed real estate brokers, and we encourage customers to choose brokers who hold ‘real estate broker’ identification cards. The accreditation system for brokers that was set in place by DLD was initiated to sustain a secure real estate environment for all parties in the market.”

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