BrazilLuxury residential property expert Andrew Cummings joins Knight Frank
Andrew Cummings, a well-known luxury property real estate agent, has joined Knight Frank.
The signing of the luxury focused property expert signals Knight Frank’s growing ambitions to muscle itself in the high-end of the residential market. “Dubai represents a huge growth market with many HNWI’s (ultra high net worths, or very rich people) across the globe seeing it as one of the top emerging markets to invest and live in,” said Rupert Dawes, a Partner and Global Head of Residential at Knight Frank.
“Over the last twelve months Dubai has seen significant growth in the luxury residential space with a new record of over fifty $10+ million homes sold in the Emirate so far this year. Andrew will expand us expand our knowhow and position in the segment.”
Indeed, Dubai is home to one of the world’s highest number of millionaires per capita, according to a recent report by Boston Consulting Group, and notably, wealth continued to grow throughout the crisis. With the pandemic boosting demand for more luxury properties (according to Knight Frank research), the top segment of the residential property market is seeing buoying demand.
Cummings brings a highly established track record in the market to Knight Frank, including overseeing the sale of two $100 million properties, which at the time, were the second and third highest sales in Dubai residential market history and the most expensive residential lease in Dubai in 2020, as well as the most expensive Emirates Hills sale in 2019.
“I am delighted to be joining Knight Frank to lead their expansion into Dubai’s residential market. As one of the world’s leading luxury real estate companies I am confident that we can add significant value through our levels of outstanding professionalism, local UAE real estate experience and leveraging our expansive global network of over 16,000 real estate professionals.”
“With Dubai’s property market roaring back to life and seeing record growth in 2021, now is absolutely the time to capitalise on this momentum to offer both buyers and sellers an unrivalled world class experience.”
