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Dubai real estate brokerage commissions reach $155m in H1 2018

Figures reflect the sustainable growth achieved by the sector, DLD report says

Dubai’s real estate brokerage commissions have increased to reach $155 million during the first half of the year, with a total of 5,181 brokers, representing 2,113 offices, contributing to the sustainable growth achieved by the sector, Dubai Land Department (DLD) has said.

In a statement, DLD explained that the activities of the brokers and real estate offices during the report’s period were transparent, amounting to 2,978 transactions. The number of contributing female brokers working in the real estate sector was 678, according to data compiled by the Department of Real Estate Studies and Research of the DLD.

“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 Yousef Al Hashimi, deputy executive director of the Real Estate Regulatory Agency (RERA).

“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.

“In addition, certified brokers contribute to support the vision of the department by enhancing the process of real estate transactions in the emirate,” Al Hashimi added.

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