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FINANCIAL NEWS
Property brokers in Dubai collect USD381m in commission
01 Dec 2013
(MENAFN) The Dubai Land Department said that real estate brokers in the emirate collected commissions worth a total USD381 million in the first 10 months of this year, Arabian Business reported.
Total transactions in the period came at USD20.1 billion, while sales hit USD16.1 billion.
The director of Real Estate Licensing Department in RERA said: “The increase in activity and the resulting rise in commissions from brokers can be taken as a sign of active movement taking place in the real estate market.”
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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