Dubai, United Arab Emirates, 17th July 2018: Dubai Land Department (DLD) has announced that the real estate brokerage commissions reached AED 571 million during the first half of 2018, with a total of 5,181 active brokers — representing 2,113 offices — contributing to the sustainable growth achieved by the sector.
The Department of Real Estate Studies and Research also reported that the activities of the brokers and real estate offices during the report's period were transparent, amounting to 2,978 transactions that generated a total commission value of AED 571 million. 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 legislations 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.
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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.