Knight Frankโs Strategic Expansion in Abu Dhabi
The worldโs largest independent property consultancy Knight Frank has established a strong profile across the Middle East and now its focus is on Abu Dhabi real estate as part of its growth strategy. Knight Frank is committed to Abu Dhabi recognising that investor and luxury buyer interest is on the rise in this emirate.
The purpose of this expansion is consistent with Knight Frankโs long term vision which is to establish Abu Dhabi as a top global destination for property investment. Given that global investors are actively seeking opportunities beyond Dubai. Abu Dhabi has tremendous potential related to sustainable communities, waterfront living and exclusive residential real estate projects.
Through its global capability in markets outside the Middle East along with the strength of Henry Wiltshire International, Knight Frank aims to leverage these opportunities within the region and connect like minded global investors with Abu Dhabi developers to raise the profile of the capitalโs property market internationally.
Collaboration with Henry Wiltshire International
To support its growth, Knight Frank is engaging in a formal partnership with Henry Wiltshire International, an established agency with deep connections in Abu Dhabi and the surrounding UAE. For this partnership, it is not only about the expansion opportunity provided by this partnership it is combining our strengths.
Henry Wiltshire has decades of experience in the Abu Dhabi property market. The business is known for trusted, client focused service, which establishes strong relationships with developers. Knight Frank can leverage its global reach, investor networks, and experience in selling luxury properties in Abu Dhabi.
In light of this careful planning, we believe this partnership will create a powerful platform meeting many clientsโ needs, from first-time buyers interested in exciting new residential projects to HNWIs interested in premium waterfront villas and penthouses.
This partnership will also play an integral part in enabling and supporting real estate developers working in Abu Dhabi through advisory services and market intelligence, as well as bringing access to international investors increasingly interested in the capital.
Growing Demand in Abu Dhabiโs Residential Market
Recent years have seen the Abu Dhabi residential market grow at a remarkable pace, and several public announcements contributing to long term residency applications and resident foreign ownership of property, such as the Golden Visa program, are contributing to the number of international property purchases in Abu Dhabi. The demand for properties now is driven by a number of factors:
Luxury lifestyle: Abu Dhabi is waterfront. The unique suite of master-planned communities offered by Abu Dhabi drives unrivaled luxury.
Stable returns: When compared to other regional markets, the Abu Dhabi property market offers consistency and resilience.
Sustainability: a number of projects under development in Abu Dhabi focus on eco-friendly residential living which aligns with priorities of global investors.
International attraction: a unique mix of location, culture, infrastructure and more to continue to attract global investors and expatriates.
Knight Frankโs expansion corresponds directly to the increased demand for prime luxury properties in Abu Dhabi and also contributes to Knight Frankโs objective to fulfil the needs of buyers and developers.
High-Profile Projects Driving Regional Growth
One of the most exciting parts of Knight Frankโs entry is the focus upon higher profile Abu Dhabi residential projects. These are the types of projects that will contribute to Abu Dhabiโs skyline while attracting investor interest and increasing confidence in the market. The consultancy with Henry Wiltshire will likely focus on:
Exclusive waterfront development: as would be expected given Abu Dhabiโs magnificent coastline.
Luxury villas and branded residences: targeting global buyers seeking elite accommodation.
Mixed-use communities: targeting residential, retail and leisure in one location.
Advisory services to developers: aiding real estate developers in Abu Dhabi in creating maximum value and horizons.
All of these initiatives are critical to advancing Abu Dhabiโs status as a luxury real estate location, to rival Dubai while maintaining the culture and sophistication of the emirate.
Conclusion
Knight Frank entering the Abu Dhabi real estate market is arguably another turning point for the emirateโs property market. Agreeing the partnership with Henry Wiltshire International gives the consultancy a global office with knowledge of the local market, which can offer solutions to both investors and developers. As demand for residential projects, particularly in the luxury residential market, continues to rise, we could well find that Abu Dhabi property investment might be one of the worldโs most attractive.
