NAI Global is set to open new offices in the United Arab Emirates after entering into an agreement with the Mohammed Abdul Salam Al Rafi Group.
NAI Global’s president Jeffrey Finn said strategically located between Europe and Asia, the UAE region offers an excellent modern infrastructure, a thriving economy and numerous Free Trade Zones for a variety of different industries.
“NAI Dubai/UAE, as the new venture will be known, has unparalleled local knowledge and contacts. Together we will provide our clients with greater access to this growing region of the world.” he added.
Originally founded in 1959, MTAF Group began developing and investing in commercial real estate throughout the UAE in 1970 as Dubai began to flourish. Last year, all operations in the MTAF Group were merged into a new group.
As a result, Al Rafi Group is now one of the largest real estate groups in the UAE. The company owns over 30 office and industrial properties and 1,200 apartment units, and has 4 million sq ft in new office space under construction. The company’s services include development, sales, property management and BOT.
NAI Dubai/UAE chairman and director of Abdulsalam Alrafi Group LLC Mohamed Al Rafi said commercial property is one of the key growth sectors of the UAE’s real estate sector
“Our partnership with NAI Global, an international leader, will enable us to leverage on the global company’s strengths and offer our clients in the UAE a larger basket of commercial property from around the world.
“Together NAI Global and NAI Dubai/UAE will provide major international developers and investors with the local guidance they need to capitalize on opportunities in the Middle Eastern market,” he concluded.
NAI Global is the world’s largest network of independently owned commercial real estate brokerage firms and an annual transaction volume in excess of $US40 billion.
By Nelson Yap
