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Tenant advisoryMiddle east
OUR UAE
Building relationshipsOperating from Abu Dhabi and Dubai, representing high-profile national and international tenants, our Commercial Agency specialises in the lease and acquisition of commercial real estate across the United Arab Emirates and Middle East. We act as a single point of contact, ensuring seamless communication between landlords and occupiers.
Attentive to both macroeconomic influences and property specification, Knight Frank remain actively abreast of factors impacting commercial real estate value and desirability across Middle Eastern markets. Knight Frank offers a comprehensive range of office agency services aimed at private and institutional occupiers across the full spectrum of the commercial real estate market.
These include:
u Premium tenant representation service
u Research led approach commanding authority from both sides at the negotiation stage
u Preparation of property particulars and tenant information packages
u Lease agreements, negotiation and restructuring
u Coordination and implementation of marketing campaigns
u Detailed knowledge of the varying geo-political frameworks for different countries within the Middle East
u Advise on the wider costs of Middle East business including housing and other direct business costs
u Track market barometers to help occupiers make informed, timely decisions on where to locate and what to occupy
u Detailed knowledge of the market drivers in the differing regional centres
u Communicate an in-depth understanding of the dynamics of the region and track key benchmark real estate indicators to access ‘added value’ opportunities
u Production of bespoke reports for business strategy to ensure optimal maximisation of real estate assets
u Appraise market conditions, real estate practices and legal parameters of territories across the Gulf, ensuring occupation on flexible and favourable lease terms to reflect current market values
u Benchmark varying standards of specification in micro markets to match clients occupational requirements to their appropriate accommodation
Macro Level: Market transparency, cost & ease of business
Regional research
Micro market dynamics
GCC Market data – indicative Key facts Bahrain Saudi Arabia Kuwait Qatar Oman UAE
Capital City Manama Riyadh Kuwait City Doha Muscat Abu DhabiLocal Currency Bahraini Dinar Saudi Riyal Kuwaiti Dinar Qatari Riyal Omani Riyal UAE Dirham (BHD) (SAR) (KWD) (QAR) (OMR) (AED)
Rate of Currency (1 US $) 0.377 3.750 0.283 3.641 0.385 3.673Time Zone difference to New York, U.S.A. + 8/9 hrs + 8/9 hrs + 8/9 hrs + 8/9 hrs + 9/10 hrs + 9/10 hrsTime Zone difference to London, U.K. + 2/3 hrs + 2/3 hrs + 2/3 hrs + 2/3 hrs + 3/4 hrs + 3/4 hrsPopulation (2012) 1.3 m 28.3 m 3.3 m 2.1 m 3.3 m 9.2 m GDP per Capita (US $) 4,198 43,055 *45,824 116,004 *24,764 111,412 GDP Growth, 2012 (%, constant prices) 3.4 5.1 *5.1 6.2 *5.0 4.4 Global GDP per Capita Ranking *31 *29 *17 *2 *30 *6Index of Economic Freedom (2013) 12 82 66 27 45 28Sources: World Bank, The Heritage Foundation. *IMF Estimates
KSAUAE
Qatar
Bahrain
Oman
Kuwait
Tunisia
Morocco
Jordan
Egypt
Lebanan
Ref. World Bank 2012
Low
High
Dub
ai
Abu
Dha
bi
Riy
adh
Man
ama
Doh
a
Kuw
ait C
ity
Mus
cat
Indicative Rents, Service Charges and Taxes ($ psm)
RentsService ChargesTransfer Fees
Rents Bottoming Rental Growth - SlowingRental Growth - Accelerating Rents Declining
Tenant driven market dynamic
team has completed transactions
of over 1.5 Million sq. ft.
Landlord driven market dynamic
During the past 12 months
01
06
our Track recordIt’s not just about the years of experience; it’s about the results that we deliver.
05. MBZ Building Office leasing and tenant advisory
04. International Tower Office leasing and tenant advisory
06. Commercial Office Tower Office leasing and tenant advisory
Capital Gate Office leasing and tenant advisory
03. DIFC Office leasing and tenant advisory
02. Arenco Tower Office leasing and tenant advisory
“Knight Frank worked professionally and diligently utilising both their local landlord reach and transactional experience in delivering our
first choice regional headquarters. Knight Frank offered support throughout the process which proved to be pivotal in agreeing terms
and securing the lease.”
Jamie Cork Country Head
Spencer Ogden Energy
04
05
01. Emaar Square Office leasing and tenant advisory
0302
371OfficesIn54
Countries
OverA partnership ApproachKnight Frank’s distinctive components comprise our global network, our independence and our commercial and residential platforms. These set us apart from the competition.
Together with our US alliance partners, Newmark Grubb Knight Frank we have grown to a group of over 12,500 property professionals, in more than 371 offices in 54 countries.
Being a partnership allows us to put our clients first, we focus on giving them the best advice and putting long term relationships before short term wins. Trust and integrity are everything.
Working with private individuals, developers, investors, banks, corporate occupiers and public sector bodies we provide a range of agency, investment and professional consultancy services which are supported by our dedicated market research teams.
The combination of our people, research and technology has helped us grow our enviable track record, resulting in our clients returning again for their personal and professional property requirements.
THE AMERICAS
UK
AFRICA
EUROPE
MIDDLE EAST ASIA PACIFIC
THE AMERICAS138 offices
12 countries
UK78 offices1 country
AFRICA23 offices
9 countries
EUROPE75 offices
16 countries
MIDDLE EAST4 offices
3 countries
ASIA PACIFIC53 offices
13 countries
Matthew DaddPartnerM +971 56 6146 [email protected]
Arun GeorgeSenior SurveyorM +971 56 7834 [email protected]
Samuel EwingSurveyorM +971 56 4542 [email protected]
Benjamin RebeiroCommercial LeasingM +971 55 3313 [email protected]
Abu Dhabi OfficeO +971 2659 4994
Dubai OfficeO +971 4451 2000
William NeillPartnerM +971 56 4202 [email protected]
Jon McGloinSenior SurveyorM +971 50 8158 370 [email protected]
Knight Frank can advise on all aspects of commercial and residential real estate services in the United Arab Emirates and Middle East.
Further details are available on our website at knightFrank.ae
KnightFrank.ae@knightFrankUAEKnight Frank Middle East
Our people
