The commission of the real estate brokers will be now fixed to 2% for any selling and purchasing contract, with a maximum amount of AED 500,000.
The commission should be discussed and agreed between both parties (brokers/tenants or owners) and also clearly mentioned in the contract. Failing to that, the commission taken by the real estate broker should not increase 5% of the annual lease amount.
The real estate broker is only allowed to take commission from one party, either the owner/landlord or the buyer/tenant.
Every real estate brokers will have to follow an official Brokers Contract, issued by Abu Dhabi Municipal Affairs and Transport.
The developer is not allowed to collect any kind of fees except for the administration fees which can't exceed more than AED 5,000.
The first two articles are to be implemented after the official announcements made in newspapers.
As a real estate broker firm in Abu Dhabi, PSI guarantee that we precisely follow this process and make sure our service fees are mentioned in each and every issued contract.
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