Savills Plans to Expand in Middle East Residential Division

Savills Plans to Expand in Middle East Residential Division

Real estate advisor Savills, on Thursday, planned for 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 this year. The company said this initiative is in response to the growth in activity across the region, particularly within the …

The post Savills Plans to Expand in Middle East Residential Division appeared first on Business Tabloid.Real estate advisor Savills, on Thursday, planned for 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 this year.

The company said this initiative is in response to the growth in activity across the region, particularly within the UAE making the residential property market see record levels of price growth, long-term visa and residency reforms, a welcoming business environment, and the delivery of world-class residential developments.

Andrew Cummings will lead the new, expanded residential agency within Savills Middle East and bring a track record to the team, having sold over 1 billion United Arab Emirates dirhams ($272.3 million) globally in the last 18 months, at an average sale price of over 40 million United Arab