Prices in the Dubai real estate market may rise and fall, and trends in housing may come and go, but one number has remained largely unaffected: the 5 per cent broker commission.
But lately an array of alternative real estate business models emerged to save client’s money in one of the region’s fastest growing property markets.
Zeeshan Imran, Founder and CEO of Rightdoors.com- Dubai’s dynamic hybrid estate agent, was inspired to come up with an innovative concept which eases the burden of tenants, who pay commission by replacing it with a flat fee as an agency fee.
The concept about Right Doors popped up when one of his relatives rented an apartment in Dubai and paid a hefty commission amount. Driven by the passion to start and initiate a change in the real estate market, he introduced a revolutionized way of renting any property in Dubai without the need to pay any commission.
Rightdoors.com has a core mission to provide every client with extraordinary service in a booming real estate market in Dubai. “Real estate will be easier, affordable, and transparent in Dubai by 2020. It’s time for a new wave. Rightdoors.com promises to stay ahead of competition with an innovative approach and fresh business model.” said Zeeshan.
Introducing a unique concept in the Dubai real estate market, Rightdoors.com only charges a flat agency fee of AED 999 irrespective of the rental amount of any property. Dubai’s first commission-free real estate agency aims to revolutionize the traditional market practice of charging five per cent commission as an agency fee.
Because of the flat agency fee of AED 999, Right Doors was able to save one of their premium clients from the hotel industry a total of AED 192,024 in commissions! They rented out 24 units from Binghatti Developers to the client. Right Doors flat fee saves tenants thousands in commission instantly.
Thus, buyers experience quality rental solutions and save money by eliminating the broker’s role and hefty commissions.
Not only tenants can enjoy the extraordinary rent services offered by RightDoors, but also landlords can get their properties rented faster by listing for free on Rightdoors.com. These properties get listed on top property portals like Dubizzle, Bayut, and Property Finder, which gives instant exposure to millions of potential tenants easily.
Investors too, can rejoice, as consumer confidence increases and the market acquires a competitive edge.