The new rules would kick in within months of approval, at present expected around mid-July. But that model has come under intensifying scrutiny from critics who have likened it to a cartel. Late final year, a jury in a Kansas City federal courtroom found the longstanding practice to be a type of collusion that artificially inflated real estate fees, awarding an enormous $1.seventy eight billion judgment towards NAR.
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The previous 12 months additionally saw eighty,216 buyers registering a hundred and fifteen,183 new real estate investments valued at Dh264.15 billion, an annual development of 59.5 per cent in quantity and seventy eight.four per cent in value. Dubai’s annual real estate transactions crossed the milestone of half a trillion dirhams for the primary time in 2022. Maintaining its exponential growth trajectory, the sector witnessed transactions worth a record Dh528 billion …

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