Engel & Völkers Launches Commercial Real Estate Division In MENA

Engel & Völkers Middle East has exciting news to share: the launch of Engel & Völkers Commercial, a new venture based out of its Palm Jumeirah office in Dubai. This strategic move highlights the firm's dedication to meeting the escalating demand for commercial real estate services in the region. Leading this initiative is Alex Lourenco, boasting over 11 years of experience in commercial real estate and management across the United Arab Emirates and Brazil, who takes on the role of Head Of Commercial Real Estate.

According to Daniel Hadi, CEO of Middle East, the timing couldn't be better to establish a dedicated commercial entity, aiming to further expand this particular market segment. “Dubai's commercial property market has been going from strength to strength in recent years, so it is the perfect time to have a dedicated team of specialists, ensuring that our agents provide the highest quality of service in line with global standards. Dubai is an international financial, tourism and commercial hub that will continue to attract new business and new residents starting their life in the Emirate.”

Originating in Hamburg in 1977, Engel & Völkers has evolved into a global powerhouse, specializing not only in premium residential property brokerage but also in commercial real estate, yachts, and aircraft. With a workforce of over 16,500 spread across 35 countries, including approximately 1,000 shops focused on residential real estate and 112 commercial offices, the company offers a diverse portfolio encompassing office, retail, and industrial spaces, investment properties, residential and commercial buildings, and property portfolios tailored to meet the needs of both private and institutional clients. The establishment of Engel & Völkers Commercial aligns with a broader strategy aimed at bolstering the company's footprint in the Middle East's property market. This new division aims to redefine industry standards by delivering customized solutions across a spectrum of commercial real estate services, spanning from sales and leasing to financing and advisory services.

Alex Lourenco, Head of Commercial Real Estate at Engel & Völkers Middle East, stated, “The launch of our commercial division marks a new era for us in the Middle East. With a dedicated team of experienced commercial real estate specialists, we can provide expert advice and services that cater specifically to the complexities of this market. Our detailed understanding of local and global commercial market trends will empower our clients to make informed decisions.”