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Hamptons strengthens its UAE commercial property portfolio

18th February 2009 Print
Hamptons International has expanded its commercial service offerings across the UAE with the establishment of a Commercial Sales and Leasing Team and an extensive roster of commercial property in Dubai.

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.

Mr Nasser Abdul Rahman Rafi, Managing Director, Hamptons International – Middle East, said: "The dynamics of the property sector in the region continues to evolve, and the UAE is looked on favourably by international investors and businesses. The concerted efforts of the UAE government to strengthen non-oil trade serve as an encouragement for investors to set up business in Dubai.”

The Commercial Sales and Leasing Team will be led by Ms Louise Key, who has been appointed as Commercial Sales & Leasing Manager.

Ms Key said: "Market research shows that, despite the global financial situation, Dubai is still an attractive business destination. The tax-free environment and various enterprenurial initiatives such as the creation of industry-specific free zones are strong incentives for business. The growth projections for Dubai and the focus on diversified industries indicate that there is room for sustained demand in the near future, which Hamptons will meet through its diversified portfolio."

From her extensive experience working for individual clients and corporate investors in the commercial market in Dubai, Ms Key assists in determining the right fit for businesses, in terms of the best location, licensing regulations and commercial options available. "With the completion of a number of commercial properties in the past few months, businesses now have a number of choices of location instead of having to depend on whatever limited commercial space was available. This reiterates the importance of professional commercial leasing and sales services as we can guide businesses better and enable smoother setting up of offices," she said.

Hamptons already has a strong portfolio of residential projects across several key markets in the world and the international network of the company through 85 offices world-wide enable it to market to a wide cross-section of buyers.