Chairman of the Department of Municipal Affairs and Transport
Having reviewed:
- Abu Dhabi Law No. 1 of 1974 concerning the reorganization of the Governmental Body in the Emirate of Abu Dhabi and its amendments;
- Abu Dhabi Law No. 13 of 2016 Establishing the Department of Municipal Affairs and Transport;
- Abu Dhabi Law No. 3 of 2015 Concerning the Regulation of the Real Estate Sector in the Emirate of Abu Dhabi;
- And based on the powers and competencies vested to us and what is required for work interest.
Decided the following:
1. The commission of a real estate broker shall be capped at two per cent (2%) of all sale and purchase contracts, with a maximum commission of AED five hundred thousand (500,000) dirhams.
2. The real estate broker's commission for concluding rental brokerage contract shall be determined by mutual agreement of both parties. In the absence of such an agreement, the commission received by the real ...