Safura Abasniya, Founder/CEO of Aston Premium Real Estate tells us why “The contributions of real estate Brokers in UAE real estate sector and economy are clearly “Underestimated”.
UAE is known for its opulent skyscrapers, luxury developments, and thriving real estate market that has become a magnet for property investors, end-user buyers from all over the world. In this dynamic and competitive landscape, real estate brokers play an essential role in facilitating transactions, providing market insights, and guiding clients through the complex process of buying, selling, or renting properties in UAE. The contributions of real estate Brokers in UAE real estate sector and economy are clearly “Underestimated”. Real estate Brokers in UAE act as intermediaries between buyers, sellers, landlords and tenants, developers, banks and government authorities facilitating transactions and ensuring smooth and efficient dealings.
Moreover, Brokers in UAE have expertise and execute the scope of work of at least of 3 roles that is usually is the case in EU, USA, Asia or anywhere in the world. Let’s dive deeper into this scope of work that is held by UAE Brokers.
Front end: Market knowledge & analytics, property marketing, viewings & meetings, negotiations and closings.
Backend: Legal and documentation assistance, where Brokers assist clients in navigating the legal requirements and paperwork involved in real estate transactions in UAE. From drafting contracts to handling title deeds and transfer documents, brokers ensure that all legal formalities are fulfilled and transactions are conducted according to AML compliance screening with regulations.
Brokers’ expertise, professionalism, and dedication bring numerous benefits to clients, developers, banks, government and the industry overall. It is important to have a professional broker and appreciate him/her financially by paying a commission, but also appreciate the “add value” that broker gives you.
Because remember… a professional Broker knows market and projects insights that you might not have an assess to. Brokers have access to an extensive network of property developers, investors, and industry professionals, which they leverage to benefit their clients. This network enables brokers to connect clients with suitable properties, secure lucrative deals, and enhance their overall real estate experience.
In conclusion, the role brokers as facilitators, market experts, negotiators, and advisors is essential for ensuring successful real estate transactions and enhancing the overall legitimate and pleasant experience of property related clients in UAE. Therefore, our commission fees should not be criticized or judged, assuming that brokers are overpaid. As UAE the real estate market continues to evolve and expand, the importance of real estate Brokers will only increase, reaffirming their position as indispensable professionals in the industry that even AI cannot completely replace.
Source: Propertyfinder
