Dubai Land Department reveals that 5,181 active real estate agents in Dubai earned over half a billion AED in commissions during the first half of 2018.
Real estate brokerage commissions have reached AED 571 million during the first half of 2018, according to Dubai Land Department. A total of 5,181 active brokers — representing 2,113 offices — contributed to the sustainable growth achieved by the sector.
The Department of Real Estate Studies and Research also reported that this commission was made up by 2,978 transactions. In addition, 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 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."
DLD develops regulations and legislation to guarantee the rights of customers and brokers. It also organises training courses, including the intensive primary course that rewards successful applicants a 'Certified Real Estate Broker' card upon its completion.
Additionally, DLD provided the 'Dubai Brokers' app through which anyone can enter property ownership details to verify and validate any of the property's information for involved parties. The Real Estate Licensing Department at DLD encourages all real estate brokers to download this application to ensure that the required data is verified before selling or leasing a property.
Source: Dubai Land Department
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