Metropolitan Group announced the launch of the Metropolitan Homes division focused on secondary properties

Metropolitan Group, the UAE’s largest brokerage group, which includes full-service real estate agencies, Metropolitan Premium Properties in Dubai and Metropolitan Capital Real Estate in Abu Dhabi, has announced the launch of a new brand called Metropolitan Homes. When creating the division, the company focused on client demand and current market trends. That being said, Metropolitan Homes will provide sellers and buyers with a full range of transaction services for secondary properties in Dubai.

Metropolitan Homes’ team will consist of 75 experts in three areas: villas in all prominent gated communities, such as Emirates Hills, Dubai Hills Estate, District One, Jumeirah Golf Estates and Tilal Al Ghaf, ready properties in beach neighbourhoods and iconic locations, including Palm Jumeirah, Dubai Marina, Bluewaters Island, Port De La Mer and Jumeira Bay, as well as properties in sought-after residential and business districts, such as Downtown Dubai, City Walk, Business Bay, Meydan, Dubai Creek Harbour and others. In addition, Metropolitan Homes will have a separate team responsible for the rental property segment in key areas of the emirate.

One of Metropolitan Homes’ priorities will be to engage with investors opting to diversify their portfolio with ready properties. Part of the offering will also involve remote representation of overseas clients looking to rent or acquire property in Dubai. The new unit has ambitious plans, in particular, next year it is expected to increase the team to 150 people, attracting the best specialists in each area.

Nikita Kuznetsov, Founder and CEO of Metropolitan Group, said:

The first six months of 2022 were a record for the company, as during that period the group achieved the same revenue for the entire previous year (2021). At the same time, the number of transactions in the secondary market increased by 300% and we could not miss this perfect moment to create a separate brand in this segment as well. The launch of Metropolitan Homes was a logical step for us to expand our offering to ready properties, as in September, we launched Penthouse.ae, which is a brand specialized in ultra-luxury properties worth over AED 20,000,000 (around USD 5,459,000).

Metropolitan Homes specialists will be based across the group’s offices in Business Bay and Emaar Business Park and will focus on working with buyers and sellers of properties worth AED 1,500,000 (USD 408,000) or above.