Abu Dhabi National Properties has entered a partnership agreement with the property consultancy Knight Frank to provide its clients with property services in the UAE and overseas. The former is the property arm of National Bank of Abu Dhabi (NBAD).
The partnership provides NBAD's client base with direct access to property both inside and outside the UAE, while giving Knight Frank's global residential and commercial clients greater reach into Middle East capital flows. "The UAE is an important part of our global jigsaw," said Nick Thomlinson, senior partner at Knight Frank. "It is absolutely vital to be there to unlock the region's wealth to the benefit of both NBAD's client base and our international property sellers and purchasers.
"The combination of NBAD and Knight Frank's brands will be a powerful force in the global property markets."
Knight Frank, which has 242 offices in 43 countries, handles more than $817 billion (Dh3 trillion) in commercial, agricultural and residential property.
"The combination of ADNP's extensive local market expertise and Knight Frank's execution and operating track record will undoubtedly result in superior asset performance," said Graham Hallett from Abu Dhabi National Properties.