Thursday, 21 September 2017 04:00 GMT

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Dubai's brokers gain USD489 m in commissions

(MENAFN) Brokers' profits were estimated at over USD 489 million in commissions as the emirate's real estate is improving, according to the Emirates 24/7



Registered transactions rose by 50 percent in 2013 compared to 2012



"We have seen these high commissions because of the increased activity in the real estate market and in other economic sectors across Dubai," said Yousif Al Hashimi, Deputy Chief Executive Officer, Real Estate Regulatory Agency (Rera), the regulatory arm of Dubai Land Department (DLD)
Dubai's brokers gain USD489 m in commissions

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