VERIFY BEFORE YOU SIGN

Check for Madhmoun mark when buying or renting property in Abu Dhabi

- BY MANOJ NAIR

As more first-time investors buy homes in Abu Dhabi, the authorities are making the buying, selling and renting of properties as transparent as possible.

And cutting down any chance of property buyers — especially those who are new to the market and based overseas — being taken for a ride.

Recently, the Abu Dhabi Real Estate Centre put out a post on X advising anyone wanting to buy or rent a property in the emirate to do so only through brokers who have a verified 'Madhmoun' permit. (The X post is quite eye-catching in the messaging too telling potential property buyers or renters to 'Hold Up' before they sign a broker.)

Abu Dhabi launched the Madhmoun permit to verify all property listings made on digital channels. Only once this is done can any of the ads be placed online. What this does is in one go remove misleading listings as well as multiple listings of the same property.

The best part — only licensed brokers can promote these properties. This is important because there are more real estate agencies and brokers now active in Abu Dhabi, with deal flows continuing to build up. But with Madhmoun, if someone is serious about practising as a broker in Abu Dhabi, they better have the permit.

ONUS ON BUYERS AND RENTERS TO VERIFY