Dubai property brokers earn $410m in commissions in 2016

Dubai Land Department also highlights the growing presence of female brokers operating in the emirate

Real estate brokers in Dubai made total commissions of AED1.5 billion during 2016 from nearly 33,000 transactions, according to Dubai Land Department (DLD).

Tha authority said Dubai has 5,933 active brokers and 2,285 registered brokerage offices, adding that the commission represented two percent of the total value of recorded deals.

DLD’s report revealed that UAE citizens ranked first in terms of the number of brokers in the market, followed by Indian nationals and Pakistani nationals while expats from the UK, Egypt, Russia, Lebanon, Jordan and the Philippines are also prominent in the sector.

The report also confirmed the growing presence of women brokers in Dubai’s real estate market, totalling 1,946 compared to 3,987 men, representing 33 percent of...Read more...