Savills Middle East and Egypt Score Big Wins at Euromoney Real Estate Awards 2024

Savills proudly celebrates receiving two prestigious accolades at the Euromoney Real Estate Awards 2024. The firm’s Middle East division was named the Best Real Estate Agency in the Middle East, while Savills Egypt secured the title of Egypt’s Best Real Estate Agency. These awards underscore Savills’ unparalleled expertise, outstanding achievements, and unwavering dedication to providing world-class real estate services across the region.

Milestones in the Middle East

Savills Middle East experienced a transformative year marked by strategic growth and expansion. In the UAE, the firm bolstered its residential operations by significantly increasing its workforce and expanding office capacity to accommodate over 100 new team members. Toby Hall’s appointment as Head of Commercial Agency further strengthened Savills’ capability to cater to the growing demand for corporate real estate solutions. This progress aligns with Dubai’s thriving residential property market, which has seen unprecedented growth fueled by inward migration and progressive visa reforms. In Saudi Arabia, Savills continues to play a pivotal role in supporting the ambitious goals of Vision 2030 with customized real estate advisory services.

Achievements in Egypt

Savills Egypt demonstrated exceptional performance during the award review period (May 2023 to June 2024), achieving substantial revenue and profit growth year-on-year. The team expanded to over 165 professionals, delivering consultancy services for over 5.5 million square meters across the MENA region and managing more than 1 million square meters within Egypt.

Key Projects in Focus

Major accomplishments in Egypt include delivering landmark projects such as Orascom Development’s Makadi Heights, Tatweer Misr Developments, and Infinity Tower—the third tallest building in the region. Savills Egypt also facilitated property sales worth EGP 14 billion for Qatari Diar Real Estate Investment Company, solidifying its status as a market leader.

A Global Standard of Excellence

The Euromoney Real Estate Awards are internationally recognized for celebrating excellence in real estate advisory, transactions, and development. These honours affirm Savills’ commitment to innovation and its forward-looking approach to navigating and shaping dynamic markets.

With a focus on innovation and strategic growth, Savills remains steadfast in its mission to support the evolving real estate landscape in the Middle East. The firm continues to set benchmarks for excellence, driving transformative solutions and creating lasting value for clients across the region.