Questions & Answers
Questions & Answers
3 available 3 • View allWhat are the market fees of the broker when you sell a property in Dubai?

0
Q: I have agreed through a real estate broker to sell a property in Dubai. The agent is charging the buyer a commission and the seller (me) a marketing fee which is about 40% of the size of the commission.
In the event of the contract not being completed through my fault, the contract I am being asked to sign requires me to:
a) repay the deposit to the seller,
b) repay an additional amount equal to the deposit to the seller, and
c) pay the broker commission to the agent.
This contract is between myself and the buyer, and the contract between myself and the broker does not cover me paying the broker commission, so is c) above enforceable?


Nov 24, 2020
1107
Real estate broker's fee in Dubai
29
Q: Recently I found an agent who managed to sell my property in Dubai and is now demanding a 2% seller’s agent fee. Am I obliged to pay such amount?

Jun 10, 2016
29851
Broker's commission which should be paid while buying an apartment in Dubai
7
Q: Hi,
I am going to buy an apartment in Dubai.
If I am going directly from the seller's broker, shall we both (seller and buyer) pay 2% each to this broker? And also it asks for a convenience fee of 5000 Dhs, what is it?
Thanks

Nov 5, 2017
6852
Laws & Regulations
2 available 2 • View allBylaw No. (85) of 2006 Regulating the Real Estate Brokers Register in the Emirate of Dubai 4
This Bylaw regulates the Real Estate Brokers Register in the Emirate of Dubai. No person may engage in real estate brokerage activities in Dubai unless he is licensed by the competent entities and entered in the register, which is maintained by Dubai Land Department.
May 30, 2006
4939
Law No. (16) of 2007 Establishing the Real Estate Regulatory Agency 1
By virtue of this Law, a public corporation named the “Real Estate Regulatory Agency” is established in the Emirate of Dubai. It is affiliated to Dubai Land Department. The objective of RERA is to regulate the real estate sector in the Emirate.
Jul 30, 2007
3273

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