Morgan’s International Realty the luxury real estate brokerage firm operating in Dubai since 2018 announced the acquisition of the real estate brokerage and property management divisions in Arms & McGregor International Realty, a firm with a strong presence in the secondary market segment with an operation running in Dubai since 2013.
This acquisition will result in the merger of both sales and brokerage operation teams, under the umbrella of Morgan’s International Realty.
The firm will operate from a brand new office which will be announced soon.
The acquisition is considered to be the largest in the real estate brokerage sector this year, the combined market strength of both teams will help increase the brand exposure and market share.
The firm will be headed by Mr. Elias Hannoush Co-Founder & Managing Director, Mr. John Spinu as the Director of secondary market sales & Mr. Hovik Kassis as the Director of primary market sales.
Elias Hannoush, MD of Morgan’s International Realty said:” it’s been an amazing journey so far, starting with 6 team members in 2018 growing the firm by 400% within 3 years, 2020 was a record year for us and here we are today announcing an acquisition which will double our headcount & market share, it’s definitely a milestone for us yet there is a long way to go”.
In a word, Makram Hani Founder &CEO Arms &McGregor International Realty said: “It is a proud moment to see progress at such a level within our environment. Morgan’s International Realty is known for its high-quality client servicing standards and none compromised approach. I am very confident that with the wise management of the highly capable team headed by Elias we will see a new height of personalized service within our market.”