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Dubai real estate brokers get Dh571 million in commissions

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Dubai real estate brokers get Dh571 million in commissions

Dubai: Real estate brokers in Dubai received nearly Dh600 million in commissions during the first half of 2018, according to the latest data.

The amount was received by a total of 5,181 active brokers representing 2,113 offices across the emirate, the Dubai Land Department reported on Tuesday.

The Department of Real Estate Studies and Research reported that the activities of the brokers and real estate offices during the same period amounted to 2,978 transactions, generating a total commission value of Dh571 million.

In addition, the number of contributing female brokers working in the real estate sector was 678.

brokers

“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,” said Yousuf Al Hashimi, deputy executive director of Real Estate Regulatory Agency (Rera).

“The accreditation system for brokers that was set in place by Dubai Land Department was initiated to sustain a secure real estate environment for all parties in the market. In addition, certified brokers contribute to support the vision of DLD by enhancing the process of real estate transactions in the emirate.”

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