Sharjah bans unlicensed brokers at auto market Souq Al Haraj

Dubai: Sharjah has issued a new resolution that prohibits anyone from acting as a broker in the emirate’s largest car market, Souq Al Haraj, unless they have a permit issued by the Sharjah Asset Management Company.

The decision was made during a meeting of the Sharjah Executive Council, chaired by Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah.

The resolution is aimed at regulating brokerage practices within the market and maintaining fair, organised trading activity. Under the new rule, any individual – referred to as a “natural person” – who wishes to engage in brokerage in the auto market must first obtain official approval under specific terms and conditions set by the Sharjah Asset Management Company.

Those who violate the rule will face administrative penalties. The resolution also authorises judicial enforcement actions, to be carried out by approved employees as per decisions from the President of the Judicial Council.

Souq Al Haraj is a key hub for buying and selling new and used vehicles in the UAE. The new regulation is expected to improve transparency and consumer protection by ensuring that all brokerage activity in the market is carried out by authorised individuals.

The Council also reviewed Sharjah Airport Authority’s 2024 annual report, which highlighted record passenger traffic of over 17 million, new infrastructure additions, and recognition under the “Building Better Airports” global initiative.