How much do real estate agents receive from commission?
(RERA) The Real Estate Regulatory Authority in Dubai did not put down a specific rate with regard to commission.
To keep it simple, below are some basic information on today's market trend in Dubai for both Sales and Rent.
For Residential and Commercial properties on the RE-SALE market (properties owned by private landlords, that are on sale)
Seller’s agent fee: 2%
Buyer’s agent fee: 2%
Unlike Primarily market (Property Sellers are Real Estate developers, in other words, they are the first ever sellers of a particular residential or commercial project), the commission fees are agreed between agents and developers based on the scope of work assigned to agents.
For rent;
The agency fee for annual Residential rent (unfurnished properties) is 5% paid by tenants. Whereas landlords can pay 0% to 8% depending on the marketing and property management scope agreed with the agents.
For commercial properties on annual rent the commission fee is 5% to 10% paid by tenants depending on the mandate provided to agents. Landlords of commercial properties on annual rent pay 0% to 8% depending on the marketing and management scope assigned to agents.
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