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Abu Dhabi Property Law for 2017


Article 138 - 2017 Fixed administration fees for developers and fixed commission for real estate brokers

Abu Dhabi Municipal Affairs and Transport


Article 1: Broker's Commission

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.

Article 2: Administration fees for Developers

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.

Article 3:

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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