Dubai Property Brokers Back Rera Move To End ‘Grey’ Market

Brokerages geared to register on Simsari.ae; Website to weed out unregistered brokers, end underpriced ads

Real estate brokerages in Dubai say it is a challenge, but they are gearing up to register all their inventories on Simari.ae — the Real Estate Regulatory Agency ‘s new multi-listing website — ahead of the August deadline.

Brokerage firms, however, believe the new listing website will have a positive impact on the market, bringing an end to the ominous clan of unregistered brokers and their underpriced property adverts.

Cecilia Reinaldo, Managing Director, Fine and Country, told Emirates 24|7: “Simsari will have a positive impact on the market since will help educate sellers, will assist on the listings transparency and will hopefully help to further regulate the market.

Zawya