Purchase of mortgage broker will expand offering; alleviate house-buying headaches.
Dubai’s leading real estate firm, Allsopp & Allsopp, has acquired PuzzleWorks, the Dubai-based independent mortgage consultancy, to further enhance its existing mortgage services.
PuzzleWorks will now become part of Allsopp & Allsopp’s Mortgage Services division, bolstering its market-leading offering.
PuzzleWorks is dedicated to providing sound and ethical mortgage advice while taking the stress out of the mortgage application process. The company’s services include assisting first time buyers, Investments and ‘Buy to Let’ mortgages, refinancing, equity release and buying and selling.
Stuart Roe, the founder of PuzzleWorks, says: “This is fantastic news for us, our clients and the business. While the mortgage market in the UAE matures, we saw great synergies with Allsopp & Allsopp. We are excited about the future, now we are part of such an ambitious, forward-looking company. Allsopp & Allsopp is a highly tech-driven company, and our existing clients can only benefit from the acquiring company’s know-how and a wider range of international services.”
With more than two decades of combined UAE market experience, the PuzzleWorks team adds to Allsopp & Allsopp’s reputation for professionalism and deep market knowledge.
Roe says: “Our team has worked not only in the UAE but also across international real estate and financial markets. PuzzleWorks has always been dedicated to providing a tailored and professional service, partnering with the best lenders to bring you the most competitive rates available in the market - traits we also saw in Allsopp & Allsopp Mortgage Services.”
While Allsopp & Allsopp Mortgage Services’ market analysis has seen more people switching from renting to buying in the last 12 months, it also identified the need to expand its mortgage offerings, firstly acquiring the business of In-House Mortgage Services last year, and now continuing its aim to be the dominant mortgage provider in the UAE with the acquisition of PuzzleWorks.
Lewis Allsopp, CEO of the award-winning real estate firm, says: “It is part of our on-going rapid growth strategy to acquire successful companies. We have acquired PuzzleWorks, its contracts, and its contacts. Stuart and his team share a similar vision to us, so it was an easy decision. PuzzleWorks was one of the most active mortgage brokers in the UAE market. We are now in an even stronger position to enhance our overall customer service and experience, as well as the speed of mortgage acquisition – thanks to the additional knowledge and know-how PuzzleWorks brings to the table.”
Allsopp & Allsopp, which has had a presence in the Emirates since 2008, has seen a meteoric rise in business in its years of local business. This year shows no signs of slowing down.
Allsopp & Allsopp prides itself on employing RERA-certified, experienced and highly qualified experts. Opening its first office in Dubai in 2008, Allsopp & Allsopp operates to international service standards, winning 22 international property awards to date.
The British-owned and run company is the number one lead generator on all local online portals like Dubizzle and Propertyfinder.ae for the last year, and the number one sales agent for most properties sold on Dubai Land Department’s broker’s app.