3094 real estate brokers working in the Dubai real estate market

Dubai: The total number of real estate brokers registered in Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (LD) have reached 3094 brokers.

“The real estate brokers plays prominent role in the market and considered as consultant for investors,” said Yousef Al Hashmi, director of RERA’s Real Estate Licensing Department.

In terms of brokers’ nationalities, UAE nationals dominated this profession with 620 brokers, while Indians ranked second with 438 brokers, whilst Pakistanis came third with 428 brokers. British came 4th with 304 brokers, while the 5th rank went to Egyptians with 160 brokers. At the bottom of the top 10 list came the Filipinos with 59 brokers.

Al Hashmi called on UAE nationals to maintain their prominent presence in this profession due to their experience and knowledge about the UAE’s real estate market.

He stressed on RERA’s success in controlling and organizing this profession and brokerage firms; emphasizing that it is not possible for individuals or companies to undertake brokerage activities without registration in the brokers register in Dubai created by LD in accordance with By law No 85 of 2006.

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