British Property Firms in Gulf Expansion

Premier UK-based property management and real estate firm, Hamptons International, recently opened a new branch in Abu Dhabi. Offering their full spectrum of services, including residential and commercial sales and leasing, property management, valuations and research, mortgage services, mortgage calculator, and global investments and assets management, the move by Hamptons represents the ongoing consolidation of property development sector in the region.

Mr Ammar Asaad, Head of Sales – Abu Dhabi, Hamptons International, explained: “This has been a landmark year for Abu Dhabi real estate especially with focused investments in the Emirate’s realty sector and demand for residential and commercial space growing. Our flagship office will showcase a diverse array of properties in freehold and leasehold zones, which give customers wider choices. Our research shows that demand for both investor and end-user properties is increasing, which will continue to fuel the property sector.”

Abu Dhabi real estate

Hamptons’ move into Abu Dhabi real estate may also indicate a trend that sees major global real estate players re-focus their attention on other areas of the Emirate outside of Dubai, which has without doubt been the recipient of the most attention in recent years. With its spectacular growth rates, high-rise construction culture, and glamorous visitors, Dubai has tended to outshine other areas like Abu Dhabi and Sharjah in terms of property development and portfolio investment.

The strengthening of the UAE commercial property portfolio builds upon Hamptons’ current offering and signals the diversified growth model that the company is implementing in the region.

Apart from representing leading commercial property master-developers with projects such as Downtown Burj Dubai, Business Bay and Jumeirah Lake Towers, Hamptons is working with third-party developers to offer a wide choice of office space and industrial properties. Many of the properties are already completed and ready to occupy.

With 85 offices worldwide, Hamptons International represent a new breed of locally based real estate firms branching out into lucrative property markets around the globe. With their experience and successful record of property development and management, they are ideally placed to deal with the current global economic downturn and ensure the best practice for re-invigorating the commercial and residential property markets of the UAE.