Dubai, United Arab Emirates, 29 August 2017: Dubai Land Department (DLD) has announced that over AED 820 million worth of brokerage commissions were made in Dubai's real estate market between the beginning of January 2017 and the end of June this year.
Yousuf Al Hashimi, Deputy Executive Director of RERA – the regulatory arm of DLD – commented: "Brokers play an essential role in our sector, representing the forefront of real estate activity, acting as a very important link between sellers and buyers, and also offering a wide range of services for investors. Our brokers come from a variety of different nationalities, so they have the ability to provide a true picture of the global investment environment that characterises Dubai. As part of their rights, there is a set of laws that defines and regulates their commissions."
Another DLD report on the activity of brokers and real estate offices in the first half of 2017 revealed that there are now 5,856 active brokers and 2,340 offices registered in its database. Brokers support DLD's vision by driving real estate transactions and helping to position Dubai as the world's premier real estate destination and a byword for innovation, trust and happiness.
In recognition of their importance, DLD has launched an awareness campaign about the 'Dubai Brokers' application, which is the first of its kind in the world and one of the most important applications issued by the department. It provides accurate and up-to-date information on licensed Dubai real estate brokers and companies that are approved by DLD.
The application is designed to reach a large number of beneficiaries including Landlords and real estate investors. It allows investors to verify whether a real estate broker is registered with DLD, protects the rights of customers, enhances speed and confidence, and means that properties can be purchased and sold both smartly and securely. DLD encourages all individuals involved in brokerage services to download the application for a quick and easy way to identify the best real estate brokers according to their performance indicators and efficiency.
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About Dubai Land Department:
Dubai Land Department (DLD) was found in May 1960 to establish the most prominent real estate sector in the Middle East and in the world.
DLD provides outstanding services to all its customers whilst developing the necessary legislation to propel the real estate sector in Dubai, organizing and promoting real estate investment, and spreading industry knowledge. DLD seeks regional and worldwide innovation in real estate with the aid of its active organizations that include: Real Estate Regulatory Agency, the regulatory arm, Real Estate Investment Management & Promotion Center, the investment arm, Dubai Real Estate Institute, the educational arm, and Rental Dispute Center, the judicial arm.
Unified Toll Free Number:
In order for Dubai Land Department to provide the best possible service in a rapid manner and to ensure the comfort and happiness of our customers, it has activated a new toll-free call centre number [8004488]. This can be used for all Dubai Land Department and Rental Disputes Center enquiries.