DUBAI / WAM
Dubai Land Department (DLD) announced that over AED 1.3 billion worth of brokerage commissions were made in Dubai’s real estate market between the beginning of January 2017 and the end of September this year, with a total number of 6,200 active brokers working in Dubai’s real estate market.
Real estate brokers achieved these commissions after securing land, building and unit sales with a total sale value of AED65.626
billion. Brokers received a commission of AED607 million from land sales amounting to AED30.368
billion, AED110 million from building sales amounting to AED5.515 billion, and AED595 million from unit sales amounting to AED29.744 billion, bringing the total commission of real estate brokers to AED1.3 billion in nine months.
DLD recently launched the ‘Dubai Brokers’ app, which is the first of its kind in the world.