As the logistics industry continues to thrive, and with mobility being a key pillar of Expo 2020, our latest edition of Law Update looks at the Transport and Logistics sector. An area that is integral to the business and consumer supply chain because it impacts all aspects of the products and services we consume.
From expert commentary to great insights, this edition of Law Update is brimming with an interesting mix of articles ranging from maritime, aviation, insurance, and other industry insights that you don’t want to miss.
We hope this edition of Law Update provides some valuable food for thought – enjoy the read!Take a read of the edition
Department of Municipal Affairs and Transport (“DMAT”) introduces caps on Developer Fees and Broker Fees and the Standard Form of Brokerage and Sub-Brokerage Agreements.
The Department of Urban Planning and Municipalities (“DPM”), previously known as DMAT, has set a cap of AED 5,000 on administrative fees which developers may charge on disposals. This cap, introduced in Decision No. 183 of 2017 of the Chairman of DMAT, was effective from 15 November 2017.
Decision No. 183 of 2017 also sets caps on broker commission fees, as follows:
DPM also published standard forms of brokerage agreements and sub-brokerage agreements. Use of these standard agreements is now compulsory, however, it is possible to include additional provisions.