Knight Frank launches major expansion in Dubai

As the firm aims to become the market leader in the region's Prime and Super-Prime Residential sector

  
Andrew Cummings ndash; Partner, Head of Prime Residential Sales at Knight Frank Middle East

Andrew Cummings – Partner, Head of Prime Residential Sales at Knight Frank Middle East

Dubai, UAE – Knight Frank Middle East today announces a major expansion of its operations in the Dubai residential real estate market as it targets to become the Emirate’s leading luxury real estate firm, by offering clients a true value-add and an unrivalled sales portfolio of luxury ultra-prime homes.

The Dubai Residential team will be spearheaded by Andrew Cummings, a well-known senior figure in Dubai’s real estate sector with an impressive number of record transaction’s including overseeing the sale of two 100m+ properties, which at the time, were the second and third highest sales in Dubai residential market history 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, Andrew was also awarded ‘Best Quality Broker in Dubai for 2020’ and was twice winner of ‘Outstanding Agent of the Month’ by PropertyFinder.

Andrew Cummings – Partner, Head of Prime Residential Sales at Knight Frank Middle East commented “I am delighted to be joining Knight Frank to lead their expansion into Dubai’s residential market. 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.”

The signature hire of such a leading real estate industry figure as Andrew certainly signals Knight Frank’s intentions to become the market leader across Dubai’s prime neighbourhoods and developments and already in Andrew’s first week with the firm, the Prime Residential team have transacted on over AED 140 million in property sales, which included the off market sale of an AED 87 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. On an international scale, Knight Frank LLP is the leading independent global property consultancy and has an expansive global footprint of more than 16,000 real estate professionals, operating from 384 offices across 51 territories.

Rupert Dawes – Partner, Global Head of Residential at Knight Frank said: “Dubai represents a huge growth market for Knight Frank with our HNWI’s 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 US$ 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.”

-Ends-

For all media & PR enquiries, please contact:
Thomas Farmer – Head of Middle East Marcoms
E: Thomas.Farmer@me.knightfrank.com

Notes to Editors

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 16,000 people operating from 384 offices across 51 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the firm, please visit www.knightfrank.com

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases