Dubai Land Department says 5,933 active brokers and 2,285 registered offices work in Dubai
The Dubai Land Department (DLD) has stressed the importance of dealing with accredited and licensed real estate brokers for those buying, selling or renting property.
The DLD earlier released a report confirming that at the end of the year, 5,933 active brokers and 2,285 registered offices were working in Dubai.
“Our mission is to create a secure and sustainable real estate environment in Dubai, and this informs all of our operations and services,” said Yousif Al Hashimi, Deputy CEO of RERA – the regulatory arm of DLD.
“Dealing with registered and certified real estate brokers is central to achieving this, and to guarantee their rights, customers and investors must take great care in verifying the accuracy of ownership data for all property before entering into buying, selling and leasing activities.”
DLD regulates broker activities, by issuing controls and protocols via its various specialised sections and administrations. The department also runs comprehensive training programs that qualify brokers for work in this sector.
Brokers and real estate offices operating in Dubai secured a high income from commissions for their services to investors and real estate development companies across the world, the DLD said in a statement. Together, they performed 32,932 transactions amounting to AED 1.52 billion.