Reem Hills – new launch in Abu Dhabi
Metropolitan Capital Real Estate is the flagship company of The Metropolitan Group, which provides local and overseas clients with high-level real estate services, including assistance, support and advice. The total number of successful property management projects in the portfolio of Metropolitan Capital Real Estate constitutes 169 and the company is included in the list of the largest real estate agencies in Abu Dhabi in 2021.
The organization is one of the best property agencies in the emirate of Abu Dhabi, which is confirmed by the leading real estate portal – Bayut, after the company received the Agency of the Month Award in June 2021. This was the second award to the Metropolitan Capital Real Estate agency from Bayut. The company is accredited by the biggest developers in the emirate of Abu Dhabi, and is a reliable partner and top performer of Imkan, Bloom, Aldar, Reportage Properties and NIC. Moreover, the agency is an official broker of the Abu Dhabi development group ALDAR.
The year of 2021 has been highly successful for the company, because sales and revenue increased by more than 200%. During the year, more than 30 real estate transactions were concluded in the price range from AED 5M (USD 1.4M) to AED 40M (USD 11M). Metropolitan Capital Real Estate’s most expensive deal in 2021 was a transaction of AED 43M (USD 12M). In addition, according to Evgeny Ratskevich, the CEO of Metropolitan Capital Real Estate, the company’s office was expanded by 30%, while the number of agents increased by 20 individuals in 2021. The Headquarters of Metropolitan Capital Real Estate is located at Office 706, 707, Guardian Towers, Danet, Abu Dhabi, United Arab Emirates.
Throughout its business activity, the company has actively popularized the emirate of Abu Dhabi among Russian-speaking investors. For example, one can find a large number of publications from Metropolitan Capital Real Estate on the website prian.ru, which is the largest Russian-language portal regarding properties outside of Russia. The site cooperates only with recognized and reputable real estate companies around the world.
Metropolitan Group, which is part of the Metropolitan Capital Real Estate division, sold real estate amounting to AED 3.5B (USD 953M) for the first 9 months of 2021. The group also registered over 1,000 property transactions in the first 6 months of 2021 with off-plan sales increasing by 200% and secondary sales increasing by 300% compared to the same period in 2020. Overseas investors are particularly interested in luxury properties and 30% of all the Group’s real estate transactions came from international clients from Austria, the UK, France, the CIS and Germany.
As a large number of business negotiations were concluded against the background of the coronavirus pandemic, Metropolitan Capital Real Estate company has implemented effective measures to ensure the safety of clients and employees. One such measure was the reduction of face-to-face discussions which then switched to online mode. Clients are able to receive online help from real estate specialists, which will inform customers about new offers on the Abu Dhabi property market, and answer any questions they may have. In addition, clients can make the most of a virtual 360-degree tour of apartments, which is available on the real estate listings on our website.
The main achievements of the company in 2021 are the Agency of the Month Award from Bayut, a 2-fold increase in sales and 30 deals in the price range AED 5-40M. The increase in staff and the expansion of the office indicate the positive scaling of the agency.
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