Knight Frank, a leading global property consultancy, has announced a major expansion of its operations in Dubai's residential real estate market with special focus on the prime and super-prime residential sector.
The operations will be spearheaded by Andrew Cummings, in his role as Partner, Head of Prime Residential Sales at Knight Frank Middle East.
A senior figure in Dubai’s real estate sector, Cummings has an impressive number of record transactions such as overseeing the sale of two 100m+ properties and the most expensive residential lease in Dubai in 2020, as well as the most expensive Emirates Hills sale back in 2019.
As one of Dubai’s most successful brokers, Cummings was also awarded ‘Best Quality Broker in Dubai for 2020’ and was twice winner of ‘Outstanding Agent of the Month’ by PropertyFinder.
Cummings said: "As one of the world’s leading luxury real estate companies I am confident that we can add significant value through our levels of outstanding professionalism, local UAE real estate experience and leveraging our expansive global network of over 16,000 real estate professionals."
"With Dubai’s property market roaring back to life and seeing record growth in 2021, now is absolutely the time to capitalise on this momentum to offer both buyers and sellers an unrivalled world class experience," he stated.
The signature hire of such a leading real estate industry figure as Cummings certainly signals Knight Frank’s intentions to become the market leader across Dubai’s prime neighbourhoods and developments and already in his first week with the firm, the Prime Residential team has transacted on over AED140 million in property sales.
This includes the off-market sale of an AED87 million villa on Palm Jumeirah by senior agent Anne Ogilvie, which was one of the most expensive sales on the Palm in recent years.
Knight Frank established its Middle East operations 12 years ago and from its strategically positioned offices in Dubai and Saudi Arabia, provide integrated residential and commercial real estate transaction, consultancy and management services to its clients, who range from individual owners and buyers to major developers, investors and corporate tenants.
Rupert Dawes – Partner, Global Head of Residential, said: "Dubai represents a huge growth market for us with our HNWIs across the globe seeing it as ‘the’ emerging market to invest and live in. Over the last 12 months Dubai has seen significant growth in the luxury residential space with a new record of 54 $10m+ homes sold in Dubai so far this year."
"We will continue to invest and grow our businesses in Dubai in order to provide our clients with the best advice and access to the most exclusive properties," he added.-TradeArabia News Service