Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Dubai real estate brokers earn AED 820 million in six months
 

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.

Posted by : Dubai PR Network Editorial Team
Viewed 7381 times
PR Category : Real Estate & Retail
Posted on : Tuesday, August 29, 2017  3:02:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : DAMAC Properties Awards 370 Contracts Valued at AED 3.5 Bill...
Next Story : Emirates REIT reports 31% rise in net rental income and 67% ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
SOUQ.com to Launch Half a Million Deals for White Friday 2017 [20167-Views]
Give the Gift of Beautiful Hair with SHOW Beauty [16671-Views]
PLAY FOR PEACE, Spread Good Vibes this Christmas [16622-Views]
Roja Parfums ELYSIUM - Now available at Paris Gallery in UAE [16244-Views]
Runway Dubai Wrapped up an inspiring star studded event with iconic designer, Walid Atalla... [14695-Views]
FOREO: Futuristic Gifting Ideas [13420-Views]
Six pairs of Emirati siblings marched together at Skyline's 27th Graduation Ceremony [13396-Views]
Infinix Launches Zero 5 in Dubai in Partnership with Souq.com [10943-Views]
Santa Claus is coming to town on a festive Graham Chronofighter Vintage Nose Art Ltd [10303-Views]
Stylish automatics from CITIZEN made for the special occasion [9955-Views]
Alpha Assured Assistance (AAA) Loyalty Program to ramp up loyalty landscape in the UAE [8186-Views]
Tub Of Butter Celebrates First Birthday with 1 Dhs Coffee [8156-Views]
SOUQ ramps up operations ahead of White Friday Sale [8150-Views]
SAINT HONORE Celebrates the UAE's 46th National Day with a Limited Edition Haussman Quartz [7845-Views]
Experience the best of Korean beauty with Missha [7710-Views]
Make Room for Play and Celebration With IKEA During Dubai Design Week [7454-Views]
Dubai RAK Diabetes Center launches Dhs 1 Diabetes screening for residents [6862-Views]
50 Years of Puma Suede: PUMA Brings It for the Culture With the B-boy Pack [6399-Views]
Dubai Shines as Global Industry Descends on Vod Dubai International Jewellery Show [5813-Views]
Godiva Arabia opens its 17th branch in the UAE [5606-Views]
Premium Beverages Maker Hielo Beverages India Forays into Dubai(UAE) [5594-Views]
H.H. Sheikh Hamdan bin Zayed Al Nahyan Tours the Barakah Nuclear Energy Plant [5228-Views]
Chattels & More returns to Downtown Design showcasing limited edition pieces while KARE ma... [5191-Views]
Dubai Sports Council Championship for Football Academies set for a “bigger and better” sea... [5142-Views]
Toyota goes Xtreme with Land Cruiser, FJ Cruiser and Fortuner [5142-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories