Chestertons has brought in a new Managing Director in the UAE to ramp up the property agency’s presence in the “core” Middle East market, with a new International Properties division and an expansion plan for Saudi Arabia.
Declan McNaughton will be based in Chesterton’s MENA HQ in Dubai, one of the firm’s 35 international offices across 16 countries (three in the UAE, after first rolling out in Abu Dhabi in 2008). He’s been in the Middle Eastern real estate scene for a while now, having promoted high-end residential and hotel developments and brands including Dubai Pearl and Anantara Residences.
Chestertons MENA is also adding a new string to its bow with the launch of an International Properties arm. Alongside the firm’s existing services in the region (residential and commercial sales and lettings, investment agency services, professional valuation, and plant and machinery services), the new division will focus on EU-based properties for UAE investors.
This new International Properties arm will “help the Emiratis to explore several new investment opportunities within the Schengen zone”. The company will facilitate UAE investors to buy property in Spain, Monaco, Cyprus, Germany and other EU countries from its Dubai base.
Robert Bartlett, Group CEO of Chestertons: “Chestertons is growing its footprint in the Middle East and Declan’s regional industry expertise will be an invaluable asset for us during this phase. The Middle East is a core market for us. The importance of the Middle East investor on the worldwide stage has never been felt more and our expanding business across the Gulf region reflects this. We anticipate this will become even more important in the coming years, with the upcoming EXPO 2020 event and the FIFA World Cup scheduled to be hosted here in 2022.
“Declan is an exceptional talent and I am confident that with him at the helm of our Middle-Eastern operations, we can further consolidate our position and introduce innovative solutions for our clients in this region.”
Declan McNaughton: “I am delighted to be joining Chestertons, a brand that has been in existence for over 200 years. Dubai’s high-quality infrastructure and its geographical location make the city one of the best destinations in the world in which to live and do business. We are expanding our operations in the region in the coming years and this is the right time for us to consolidate our presence and grow the business. We’re also further strengthening our presence within the Saudi Arabian market, particularly for our valuations business. There is enormous potential for growth in this region and I am happy to be associated with an organisation that has the vision and commitment to pursue this.”