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Friday, November 25, 2005

Present Partner

Engel & Volkers is reportedly the largest real estate firm in Europe. As evidenced by recent full-page ads in property and news publications this agency is promoting sales of the MAG 218 tower. Presumably this will add a German component to the residential mix of the tower to complement an expected large UK component. (UK buyers appear to be the dominant international player in the emerging Dubai real estated market, perhaps due to the UK's historic involvement in the region and a long-standing trend in the British market for second-home buyers to shop abroad.)

Although a dated article (April 2004) the title link provides some background on Engel & Volkers. An excerpt:
The Hamburg-based real estate company, and the largest in Europe, specialises in the marketing of luxurious high-end properties. More than 100 residential real estate outlets in Europe, Africa and USA which form part of Engel & Volkers's vast distribution network, will market Emaar's premium residential developments to more than 300,000 customers across Germany, Austria, Switzerland and Liechtenstein.

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