Engel & Völkers Expands into Commercial Real Estate in Dubai

Engel & Völkers Middle East has announced the launch of a dedicated commercial real estate division, Engel & Völkers Commercial. This move signifies the company's commitment to capitalizing on Dubai's thriving commercial property market.

The new division will be headed by Alex Lourenco, a seasoned professional with over 11 years of experience in commercial real estate and management across the UAE and Brazil. Lourenco will lead a team of specialists focused on providing a comprehensive suite of commercial real estate services.

"Dubai's commercial property market has been witnessing exceptional growth in recent years, " said Daniel Hadi, CEO of Engel & Völkers Middle East. "This is the perfect time to establish a dedicated team to ensure our clients receive the highest quality service aligned with global standards. Dubai's position as an international hub for finance, tourism, and commerce continues to attract new businesses and residents, fueling demand for commercial spaces. "

Engel & Völkers Commercial aims to set new benchmarks in the industry by offering bespoke solutions across the entire spectrum of commercial real estate needs. From sales and leasing to financing and advisory services, the division will cater to the specific complexities of the Dubai market.

"The launch of our commercial division marks a significant step forward for us in the Middle East, " said Alex Lourenco, Head of Commercial Real Estate at Engel & Völkers Middle East. "With our team of experienced professionals, we can provide expert advice and services tailored to this dynamic market. Our in-depth understanding of local and global commercial trends empowers our clients to make informed decisions. "

This expansion aligns with Engel & Völkers' broader strategy to solidify its presence within the Middle East's property sector. The company currently boasts a global network with over 16, 500 employees across 35 countries. Engel & Völkers Commercial will leverage this extensive network to offer clients unparalleled reach and expertise.