Savills announces ambitious expansion plans across the Middle East residential division to meet growing demand

Savills announces ambitious expansion plans across the Middle East residential division to meet growing demand

International real estate advisor Savills has started the year with a strategic and large-scale expansion of its regional residential team in the Middle East that will see its agency division expand to over 100 property consultants in 2024.

This move is in response to the unprecedented growth in activity across the region, and particularly within the UAE. Dubai’s residential property market has seen record levels of price growth, fuelled by high levels of net inward migration, particularly amongst HNWIs, long-term visa and residency reforms, a welcoming business environment, and the delivery of world-class residential developments.

Recent studies from Savills showed that Dubai led prime residential market price growth among 30 cities in H1 2023, whilst also ranking as the hottest of hotspots for branded residences. Dubai was also the top destination for Executive Nomads, followed by Abu Dhabi.

Andrew Cummings will lead the new, expanded residential agency within Savills Middle East. Cummings is one of the UAE’s most well-known and leading real estate professionals and joins Savills with a long-standing history of success. He brings a stellar track record to the team, having sold over AED 1 billion globally in the last 18 months, at an average sale price of over AED 40