Allsopp & Allsopp, leading real estate brokerage in Dubai signs the lease on it’s eighth office since opening in 2008 as it continues to grow in the midst of the Covid-19 pandemic.
The newest office for Property Finders highest lead generating brokerage of 2019 is located on the 25th floor of Vision Tower only one floor below their current Headquarters.
Lewis Allsopp, CEO of Allsopp & Allsopp says “Allsopp & Allsopp’s growth has accelerated rapidly over the last four years. We have opened six offices to add to our original Headquarters in Business Bay in Dubai and our flagship Coventry office in the UK. We always seem to execute growth in the most unprecedented times, however, that is our key to success - we find calm in the storm and continue with our expansion whilst other companies in the industry may hold back.
The Dubai property market started strong in 2020 but came to a halt during the government enforced lockdown, however, has since hit the ground running. We have seen an exponential increase in buyer registration and sales transactions. In August 2020 buyer registration rose by 129% compared to August 2019 and sales transactions increased by 82% with overall revenue generated increasing by 78%.”
In the last four years the Allsopp & Allsopp workforce has increased by 123% with job applications rising to record levels post lockdown. More office space is needed to cater to their ever expanding team.
Allsopp explains “The global pandemic has left many without a job and looking into new career paths. Allsopp & Allsopp job applications have risen significantly since the pandemic with the number of candidates globally in 2020 so far bypassing the number of candidates from the entire year of 2019.
Successful candidates join us from diverse industries including aviation, hospitality, entertainment and sales all looking to start over in the Dubai property market and with that, we have had to expand our by opening our eighth office on the 25th floor of Vision Tower.”
HortonTech, Interior Fit Out Contractor will be overseeing the overhaul of the new Allsopp & Allsopp office.
Abdelbasset Betraoui, Managing Director of Horton Tech says “We are excited to get started in what will be our eighth office interior fit out for Allsopp & Allsopp. We have worked alongside the brokerage as they have expanded globally including their three estate agencies in the UK and look forward to working with them in the future as they continue to take their companies growth to higher heights”
Allsopp & Allsopp’s extensive business growth plan has seen them open divisions of the business they had previously outsourced bringing experts in-house. In 2013 they launched Allsopp & Allsopp Mortgage Services and have since expanded with their own recruitment team in 2016 and the launch of their commercial department in 2018.