Real estate brokers' earned a commission of over Dh 1.5 billion in 2016 from 32,932 transactions, announced Dubai Land Department (DLD) in its latest report.
According to a report published by Khaleej Times on Friday, Dubai's real estate market attracted 5,933 active brokers and 2,285 registered brokerage offices. The Dh 1.5 billion figure describes the amount of commission earned by property brokers registered in the Real Estate Regulatory Agency (RERA), DLD's regulatory arm, with the sum representing two per cent of the total value of recorded deals.
DLD's report reveals that UAE citizens ranked first in terms of the number of brokers in the market, followed by Indian nationals and Pakistani nationals, who have also achieved excellence in this field.
In descending order, the other most active nationalities in the real estate market were discovered to be the UK, Egypt, Russia, Lebanon, Jordan and the Philippines.
The report also confirms the growing presence of women brokers in Dubai's real estate market; today there are 1,946 women working in this field, compared to 3,987 men, representing 33 percent of the total numbers of brokers.