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January 25th 2020Dubai News, Real Estate

Dubai reduces fees by 80% for ‘National Broker’ programme members

Sheikh Hamdan issues Resolution for members of the ‘National Broker’ programme on Thursday.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, issued Resolution No. (4) of 2020 on Thursday on the fees for real estate activities for members of the ‘National Broker’ programme.

In a statement issued today, according to the Resolution, the fee prescribed in clauses (11), (12) and (18) of Schedule (1) of the Executive Council Resolution No. (25) of 2009 is reduced from Dh5,000 to Dh1,000 for members of the ‘National Broker’ programme.

This Resolution is active from the date of issuance and will be published in the Official Gazette.

The ‘National Broker’ programme was approved by the Dubai Land Department and the Mohammed Bin Rashid Establishment for SME Development (Dubai SME).

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