Emaar Properties goes Hamptons International

In August 2006 Dubai based Emaar Properties joined hands with Hamptons International the UK based premier retailer with over 130 years of real estate expertise thereby bringing its entire property management services portfolio under the globally recognized Hamptons International fold. This strategic alliance has far reaching benefits for both the biggies in the international map. It is an opportunity for this Middle East Corporation now functional as Hampton International to benefit from the brand name of the esteemed Hamptons International and expand its wings across the to the west in terms of its operations, service support and product sales much faster and in the wider markets including those of Europe in a more effective way. Mr. Mohamed Ali Alabbar, the Chairman of the Emaar Properties feels the integration as a giant step forward for his company and in consonance with its Vision 2010 plan for expanding their bases to the non Emaar properties as well in Dubai by offering them property management services and strengthening up the real estate sector by its quality backed services. With this acquisition the Emaar becomes a pioneer in bringing international color to buying, selling, leasing and mortgaging and other superior services already observed by the Hamptons into Dubai. Emaar will also avail the benefits of Hamptons globally accepted best practices in property valuation, management and development services into its system not to forget its strong global sales network.

Emaar has already diversified its operations in Saudi Arabia, Morocco, Egypt, Tunisia, Jordan, Turkey, Syria, India, Pakistan, and Libya. In tune with its Vision 2010, the Emaar earlier had horizontal integration with middle-east based The Turner Corporation, a leading building services provider to form Turner International Middle East Ltd. It had also strategic amalgamation with the John Laing Homes, the second largest private home builders in the US to affirm its global footing. With the entire Emaar Properties now under the folds, Hamptons International, the global giant in the real estate, further strengths and consolidates as a brand.
Hamptons International comprising of Hamptons’ UK Offices, CB Richard Ellis Hamptons International in UK and Oman sells, lets and manages over 15,000 properties every year in the UK and overseas while the Emaar has hold over 14,500 homes, making the property portfolio of the Hamptons double the original number. The association facilitates two way information exchanges. Interested investors in the west can pick valuable information regarding their potential investments in the Middle East from its now 60 but due to be raised to 120 Hamptons offices spread all across the globe by 2009 while residents here can know which properties are patron by the Hamptons International. With this marriage Hamptons International affirms its footing as an undisputed leader in the entire region in terms of brand name and a major global player in the international real estate sector.