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Our Network and Experience
GCC Valuation & Advisory Services
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INTRODUCTION
Welcome note
With over 120 years of global valuation experience, Knight Frank has grown to become the world’s largest privately owned property agency and consultancy and today it is widely regarded throughout the world as the firm of choice for high quality real estate advice.
Committed to professional excellence and confidentiality.
Knight Frank’s integrated multi-disciplinary team advises on all real estate asset classes, such as:
• Commercial offices
• Hospitality & leisure
• Education
• Healthcare
• Residential
We provide a complete spectrum of tailor-made valuation services for each type of asset and for varying purposes, including:
OUR VALUATION & ADVISORY SERVICES
Representing one of the largest and most reputable real estate consultancies in the GCC, our team provides comprehensive real estate valuation and advisory services across the region. Working for many of the world’s largest operators, funds and investors, providing accurate and reliable advice, which is critical to the success of every real estate investment.
• Industrial & logistics
• Development land / sites
• Mixed use
• Retail
• Loan security / bank finance
• Acquisitions and disposals
• Investment projects
• REIT and Fund valuations
• Development projects
• Single properties and portfolios
• Year-end financial reporting
• IPO listings
• Corporate restructuring and recovery
• Insurance purposes
• Sukuk issuances
• Expert witness & litigation support
• Plant and machinery valuations
• Portfolio optimisation
Val u ati o n & Advi s o r y S er vi c esVa luat ion & Advis ory S erv ic es
Stephen Flanagan, MRICSPartner,Head of Valuation & Advisory, MENA
T: +971 4 4267 617M: +971 50 8133 402 (UAE)M: +966 55 8866 480 (KSA)E: [email protected]
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WHO ARE WE?
Services Services
OUR INTELLIGENCE AND INSIGHTS
We combine property and financial expertise to provide you with accurate and relevant valuation information. Publishing world-class research in all main asset classes, as well as more specialised sectors including Healthcare, Education and Hospitality, demonstrating true market knowledge. Our clients rely on these regular publications to assist their due diligence on acquisitions, or benchmark key performance indicators.
REP ORTING
We adopt rigid RICS reporting and quality assurance processes as part of our commitment to promote and support high standards in valuation delivery worldwide. And our ability to draw on the resources available through our global network of research analysts and industry specialists allows us to add value to our clients, rather than simply report it.
SPECIALISED SERVICES
Expert witness & litigation support Knight Frank experts have a broad base of knowledge at their disposal when providing evidence for arbitrations and disputes. Our expertise extends to investment property, development, portfolios / refurbishment opportunities and owner occupied land and buildings.
The breadth of expertise within the firm means that our experts can work with colleagues from other specialist areas on cases that require multiple experts and this qualifies them to react promptly to deliver authoritative evidence in even the most complex cases.
Knight Frank has a long established professional reputation and acts as expert witness and litigation support specialists in a range of situations, including:
• Property valuation for litigation purposes
• Matrimonial disputes
• Negligence claims
• Court appointments
• Arbitration tribunals
BUILDING REL ATIONSHIPS
Accurate valuations are critical in today’s shifting property markets, they form the basis of successful sales and acquisition strategies and most importantly, return on investment. In the complex world of real estate development and investment, it is essential to have access to accurate information and professional, independent advice in order to make informed decisions.
Our clients:
• International and local banks
• Financial institutions
• Regional, international and local developers
• Regional and local investors
• Government and quasi-governmental entities
• Regional real estate funds
• Family offices
• Corporates
Investment and funds Knight Frank provides real estate support to investment funds and REIT’s for the management of their portfolios and in making acquisition and disposal decisions. Coordinating specialist teams within our firm to provide a one-stop service ranging from acquisitions and disposals, technical due diligence, market research, asset management, and valuation and financial reporting. Supported by our in-depth understanding of the real estate fund sector, the team utilises in-house valuation models to produce timely results.
Our services include:
• Feasibility studies - identifying potential value enhancement opportunities. Assisting in developing business strategies, as well as decision-making on asset acquisitions and disposals, supported by market value assessments, cash flow analysis, market research, due diligence exercises and compliance checks.
• Valuation for accounting purposes - providing interim and annual portfolio valuations for financial statement purposes, acting as an external valuer.
• Fund raising - conducting ongoing reviews of a fund’s performance and advising on potential capital structure alternatives.
We help our clients to understand the value of their assets enabling them to make informed decisions:
Regional advisory – Providing a single point of contact for your regional property valuation and advisory needs.
Strategic consulting – Market research, feasibility studies and advice on development projects to unlock the prospective value.
Transactional support - Providing due diligence support in your real estate acquisitions and disposals by assessing property asset values.
Investment and fund - Valuation and advisory services for fund and REIT structuring, with periodic reporting to support portfolio asset management.
S er vi c es | What we doS e rvic e s | What we do
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Track Record | Offices
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U-Bora Tower, Business BayDubai, UAE
Client: MIDAS Ref
Size: 725,750 sq ft
Details: Knight Frank provided valuation advice for disposal purposes.
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International TowerAbu Dhabi, UAE
Client: Island Office Property Holdings (I) LLC
Size: 420,366 sq ft
Details: Knight Frank provided valuation advice for internal decision making purposes in conjunction with the disposal of the property.
TRACK RECORD | OFFICES
Trac k Re c o r d | Off icesTrac k Re c ord | Off ices
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03
Standard Chartered TowerDubai, UAE
Client: Kuwait Investment Authority
Size: 213,132 sq ft
Details: Knight Frank provided valuation advice for acquisition purposes.
06
High profile tower, KAFDRiyadh, Saudi Arabia
Client: Confidential
Size: 909,838 sq ft
Details: Knight Frank provided research, valuation and feasibility advice on the property to aid financial structuring.
04
Al Maryah TowerAbu Dhabi, UAE
Client: NMC Healthcare LLC
Size: 381,675 sq ft.
Details: Knight Frank provided buy side due diligence advice and valuation for the acquisition of the property.
07
Siemens Corporate HQ OfficeAbu Dhabi, UAE
Client: Confidential
Size: 202,966 sq ft
Details: Knight Frank provided independent valuation advice on a portfolio of 4 office buildings at Masdar City for internal purposes.
05
Bahrain Financial HarbourBahrain
Client: Bahrain Financial Harbour Holding Co.
Size: 1,350,710 sq ft
Details: Knight Frank provided independent valuation advice on this landmark commercial development for year-end financial reporting purposes.
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Deira Islands MallDubai, UAE
Client: Nakheel
Size: 3,935,000 sq ft
Details: Knight Frank provided valuation advice both on the Gross Development Value and the current residual site value for year-end financial reporting purposes.
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Nakheel MallDubai, UAE
Client: Nakheel
Size: 903,723 sq ft
Details: Knight Frank provided valuation advice for Year-end reporting purposes.
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Deerfields MallAbu Dhabi, UAE
Client: Syndicate of UAE Banks
Size: 74,492 sq m
Details: Knight Frank provided valuation advice to a syndication of banks for loan security purposes.
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Portfolio of Retail MallsNew Cairo, North Coast, Ain Sokhna, Egypt
Client: Confidential
Size: 40,000 sq m GLA
Details: Knight Frank provided valuation advice on a portfolio of retail assets, both standalone malls and retail as part of mixed use developments across Egypt for IPO purposes.
Trac k Re c o r d | Retai lTrac k Re c ord | Retai l
Track Record | RetailTrack Record | Retail
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The Avenues RiyadhRiyadh, Saudi Arabia
Client: Shomoul Holding Company
Size: 8,000,000 sq ft
Details: Knight Frank provided strategic valuation advice to a consortium of lenders financing this huge mixed use development.
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Muscat Grand Mall Muscat, Oman
Client: Emirates NBD
Size: Shopping mall, offices, hotel
Details: Knight Frank provided independent valuation advice to support the issuance of a sukuk by the property owner.
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Al Andalus Mall Jeddah, Saudi Arabia
Client: Confidential
Size: 127,191 sq m
Details: Knight Frank provided independent valuation advice and due diligence to the buyer, to support the acquisition of the property.
1 110 Track Re c o r d | Development Valuat ionsTrac k Re c ord | Resident ia l
Track Record | Development Valuations
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Sara Village Compound Eastern Province, Saudi Arabia
Client: Confidential
Size: 952 residential units
Details: Knight Frank provided independent valuation advice on the property in support of creation and listing of a REIT.
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Portfolio of Residential and Development ProjectsGCC
Client: DAMAC
Size: Entire residential and land portfolio in the GCC
Details: Knight Frank provided independent valuation advice on the entire portfolio of Damac Properties in the GCC for year-end financial statements.
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Saadiyat Beach Apartments Abu Dhabi, UAE
Client: Arcapita
Size: 195 residential apartment units
Details: Knight Frank provided independent valuation advice on 3 apartment buildings for REIT structuring.
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Residential and Development Portfolio New Cairo, North Coast, Ain Sokhna, Matrouh
Client: Confidential
Size: 1.4 million sq m
Details: Knight Frank provided detailed, professional advice on the value of the assets pan-Egypt, for financial reporting purposes.
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Phases 5 & 6 Jabal Omar Makkah, Saudi Arabia
Client: Confidential
Size: 3,500 residential units in 10 towers
Details: Knight Frank provided independent valuation advice on vacant land subject to a master development plan for substantial residential and hospitality units for the purposes of structuring a development fund.
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Al Reem Island Abu Dhabi, UAE
Client: Tamouh Investments
Size: 150 serviced land plots – GFA of 7 million sq ft
Details: Knight Frank provided independent valuation advice on all land holdings on Reem Island for the purposes of year-end financial reporting.
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Thakher City Makkah, KSA
Client: Confidential
Size: 210,079 sq m
Details: Knight Frank provided valuation and sales and marketing advice in relation to a master planned scheme of c. 120 plots of land to be developed in Makkah for financing purposes.
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Arzanah Land, Zayed Sports CityAbu Dhabi, UAE
Client: Arzanah Real Estate LLC (c/o Mubadala Investment Co. PJSC)
Size: Site area 13.2 million sq ft
Details: Knight Frank provided detailed independent valuation advice to the client for internal decision making purposes.
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Track Record | Residential
1312 Trac k Re c ord | Development Valuat ions
Track Record | Development Valuations
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Saadiyat Island Abu Dhabi, UAE
Client: Ministry of Finance
Size: c. 27 sq km
Details: Knight Frank provided detailed strategic valuation advice on the land and property assets on Saadiyat Island for internal decision making and structuring purposes.
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Portfolio of Development Sites Egypt
Client: Amer Group
Size: Various
Details: Knight Frank provided detailed valuations on multiple large mixed use development projects across Egypt for the purposes of an IPO.
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Deira Islands Dubai, UAE
Client: Nakheel
Size: 183,000,000 sq ft
Details: Knight Frank provided detailed valuations of Deira Islands both on a comparable and residual basis for year-end financial statements.
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Portfolio of Development Sites Pakistan
Client: Confidential
Size: Various
Details: Knight Frank provided strategic valuation advice and development recommendations on a large portfolio of sites across Pakistan, to include Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Gwader, Multan, Murree, Faisalabad, Mirpur and Bhurban.
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Track Record | Industrial
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Jebel Ali Free Zone (JAFZA)Dubai, UAE
Client: Economic Zones World
Size: 55 million sq m
Details: Knight Frank provided a valuation report on Jebel Ali Free Zone for the London Stock Exchange, in relation to the acquisition of Economic Zones World by DP World.
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KizadAbu Dhabi, UAE
Client: Abu Dhabi Ports Company
Size: 41 warehouse development
Details: Knight Frank provided detailed valuation advice on a development of high quality new warehouses for internal decision making purposes.
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Dubai Maritime CityDubai, UAE
Client: Dubai Maritime City Corporation
Size: 2.27 sq km
Details: Knight Frank provided strategic valuation advice on the entire Maritime City master development for year-end financial reporting.
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Kaden Logistics ParkRiyadh, KSA
Client: Confidential
Size: 285,120 sq m
Details: Knight Frank provided detailed acquisition due diligence and valuation advice in connection with the proposed acquisition of the property.
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Lulu WarehouseRiyadh, KSA
Client: Tasra Real Estate
Size: 23,825 sq m
Details: Knight Frank provided independent valuation advice in respect of a new distribution centre let to a leading retailer for financial reporting purposes.
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Noon.com WarehouseDubai, UAE
Client: Arcapita Investment Partners Limited
Size: 277,000 sq ft
Details: Knight Frank provided detailed acquisition due diligence valuation advice in connection with the potential purchase of the asset.
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Track Record | Hospitality
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Portfolio of HotelsMakkah, Saudi Arabia
Client: Confidential
Size: 2,001 keys
Details: Knight Frank provided detailed valuation advice on a portfolio of completed and under construction hotels close to the Masjid Al Haram in Makkah for financing purposes.
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Portfolio of HotelsEgypt
Client: Amer Group
Size: Various
Details: Knight Frank provided valuation advice on a portfolio of hotels across Egypt, including Matrouh, El Alamein, Ain Sokhna, Sharm El Sheikh, Cairo for IPO purposes.
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Portfolio of HotelsDubai, UAE
Client: Confidential
Size: 993 keys
Details: Knight Frank was appointed to advise on acquisition of the portfolio, providing our opinion of Market Valuation and how operational efficiencies should be implemented.
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Portfolio of Pan Pakistan HotelsVarious - Pakistan
Client: Hashoo Group
Size: 13 hotels
Details: Knight Frank provided valuation advice on a portfolio of Pearl Continental and Marriott Hotels across the first tier and second tier cities in Pakistan for portfolio review purposes.
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Portfolio of HotelsRas Al Khaimah, UAE
Client: Al Hamra Real Estate
Size: 791 keys
Details: Knight Frank provided detailed valuation advice on a portfolio of hotels, including Hilton, Waldorf Astoria, Ritz Carlton and Al Hamra Beach Resort in Ras Al Khaimah for year-end financial reporting purposes.
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Portfolio of HotelsAbu Dhabi, UAE
Client: Ministry of Finance
Size: 2,195 keys
Details: Knight Frank provided independent valuation advice to the Ministry of Finance in respect of all the hotels owned by TDIC in Abu Dhabi.
Track Record | Education and Healthcare
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Repton SchoolDubai, UAE
Client: Confidential
Size: 1,358,411.5 sq ft
Details: Knight Frank provided detailed valuation advice at both property and operational levels for the potential acquisition of this landmark school.
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Rowad Al Khaleej International SchoolRiyadh, Saudi Arabia
Client: Confidential
Size: 38,627 sq m
Details: Knight Frank provided detailed valuation advice at property and operational levels for a portfolio of educational assets across Riyadh, Dammam, Khobar for the purposes of REIT creation.
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Cranleigh SchoolAbu Dhabi, UAE
Client: Confidential
Size: 649,208.32 sq ft
Details: Knight Frank provided valuation advice at both property and operational levels for audit purposes.
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Multi-specialty HospitalSharjah, UAE
Client: Al Zahra Hospital
Details: Knight Frank staff provided detailed buy side valuation advice in respect of this multispecialty hospital for acquisition purposes.
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The Mediclinic City HospitalDubai, UAE
Client: Mediclinic Middle East Management Services
Size: 429,094 sq ft
Details: Knight Frank provided valuation advice in respect of this leading Dubai hospital for secured lending purposes.
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Brighton CollegeAbu Dhabi, UAE
Client: Bloom Properties
Size: 259,498 sq ft (GFA)
Details: Knight Frank provided valuation advice to the owner for financial reporting purposes.
Trac k Re c ord | Educat ion and Healthcare Trac k Re c o r d | Hospita l i ty
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Wide-reaching expertise and
strong partnerships.
Trac k Re c o r d | UAE
Track Record | Specialist Asset Class
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Saadiyat Beach Golf ClubAbu Dhabi, UAE
Client: Department of Finance
Size: 18 holes
Details: Knight Frank provided detailed valuation and operational due diligence in respect of an operating golf club via the profits method for internal audit purposes.
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Lost Paradise of Dilmun WaterparkAl Areen, Bahrain
Client: Gulf Finance House
Size: 77,680.97 sq m
Details: Knight Frank provided detailed valuation advice on an existing operational waterpark in Bahrain for potential REIT purposes.
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Abu Dhabi National Golf ClubAbu Dhabi, UAE
Client: Department of Finance
Size: 27 holes
Details: Knight Frank provided detailed valuation and operational due diligence in respect of an operating golf club via the profits method for internal audit purposes.
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Portfolio of Football ClubsKSA
Client: General Sports Authority of Saudi Arabia
Size: Various
Details: Knight Frank provided independent valuation advice on a portfolio of 14 football grounds across Saudi Arabia for privatisation purposes.
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Portfolio of Airport Assets Abu Dhabi, UAE
Client: Etihad Airways Engineering LLC
Size: 75,779 sq ft
Details: Knight Frank provided detailed valuation advice on a portfolio of airside and non airside assets at Abu Dhabi International Airport, including hangars, cargo buildings, etc for year-end financial reporting purposes.
Trac k Re c ord | Specia l ist Asset Class
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Team
Stephen Flanagan, MRICS Partner, Head of Valuation & Advisory, MENA+971 50 8133 402 (UAE)+966 55 8866 480 (KSA) [email protected]
Saud Sulaymani Partner+966 55 883 8883 [email protected]
Alexandros Arvalis, MRICS Associate Partner+971 56 1786 678 [email protected]
Cathal Kenny, MRICS, MEcoSc Senior Surveyor+971 54 4488 536 [email protected]
Jonathan Jeffrey, MRICSAssociate Partner+971 56 1100 251 [email protected]
Felicity Davey-Faun, MRICS Manager+971 50 6134 450 [email protected]
Kate Lightfoot, MRICSSenior Surveyor+971 56 6166 943 [email protected]
Faissal Habassi, MRICS Surveyor+966 55 2323 898 [email protected]
Ahmad Aledrisi Analyst+966 55 1195 955 [email protected]
Evangelyn De Guzman Valuations Technician+971 56 7087 656 [email protected]
Francesca Skinner Surveyor+971 56 4148 951 [email protected]
Th e TeamGlobal Re ac h
OUR PEOPLE
Our team works with our international network to ensure we are up to date on all market trends and best practice.
THERE ’S A HUMAN ELEMENT IN THE WORLD OF PROPERT Y THAT IS TOO E ASILY OVERLOOKED.
WHERE WE ARE
At Knight Frank we build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property in all key markets.
We believe personal interaction is a crucial part of ensuring every client is matched to the property that suits their needs best – be it commercial or residential. Operating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected.
We believe that inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a workplace where opinions are respected, where everyone is invited to contribute to the success of our business and where they’re rewarded for excellence. The result is that our people are more motivated, ensuring your experience with us is the best that it can be.
CONTINENTAL EUROPE1,320 PEOPLE88 Offices16 Territories
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UNITED KINGDOM2,210 People85 Offices
THE AMERICAS6,155 PEOPLE175 Offices13 Territories
Argentina / Brazil / Canada / Chile / Colombia / Costa Rica / Mexico / Peru / Puerto Rico / The Caribbean (3) / USA
AFRICA680 People24 Offices10 Territories
Botswana / Kenya / Malawi / Nigeria / Rwanda / South Africa / Tanzania / Uganda / Zambia / Zimbabwe
THE MIDDLE EAST100 People3 Offices2 Territories
The Kingdom of Saudi Arabia / The United Arab Emirates
Independent, International, Commercial, Residential.
ASIA - PACIFIC5,700 People60 Offices14 Territories
Australia / Cambodia / ChinaHong Kong / India / Indonesia / Japan / Malaysia / New Zealand / Philippines / Singapore / South Korea / Taiwan / Thailand
435 OFFICES 58 TERRITORIES 16,000+ PEOPLE
Dubai
+971 4 4512 000
Abu Dhabi
+971 2 6353 297
Saudi Arabia
+966 11 2890 700
Connecting people & property, perfectly.
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