What law governs the responsibility of real estate brokers in Dubai?

The responsibility of real estate brokers in Dubai is governed by Law No. 85 of 2006. This legislation establishes the framework regulating real estate brokers and defines their roles and obligations within the Dubai real estate market. It outlines the necessary licenses, the ethical standards brokers must adhere to, and the penalties for non-compliance, thereby ensuring that the market operates fairly and transparently.

Law No. 85/2006 was specifically designed to address various aspects of real estate dealings, including the duties of brokers to clients, the importance of maintaining accurate records, and the necessity of transparent transactions. This law plays a crucial role in protecting the interests of all parties involved in real estate transactions in Dubai, fostering consumer confidence and maintaining industry integrity.

The other laws listed do not pertain specifically to broker responsibilities or may focus on different aspects of real estate regulation or development, hence they do not serve the same purpose as Law No. 85/2006 in this context.