Expats make up 85% of the total population in the Gulf Corporation Council (GCC), and 24,000 of them are British. Along with Middle Eastern families, many of these expats wish to invest their money in the safe haven of the UK, and this is exactly why we have chosen Dubai as the location for our fourth office.
Our dedicated and multilingual team has a wealth of experience in sourcing finance for clients across the Middle East. As such, we are ideally placed to assist both foreign nationals and expats buying or refinancing in the UK.
Toby Johncox is heading up the Dubai team as Head of Mortgages in the Gate Village DIFC. He joins us following seven years in the property and finance markets in both the UK and GCC, and will be key in supporting clients through each stage of the financial transaction.
Also joining the team is Chelsea Warren, who will be Head of Protection, providing clients with a bespoke, high quality insurance service.
Islay Robinson, CEO of Enness, comments: “London continues to be a safe investment option for high net worth individuals and, as such, is popular with expats based in the GCC and foreign nationals looking to put their money into a secure asset. We’re launching an office in Dubai’s Gate Village DIFC in 2017 as a direct response to the increased demand for large loans for property in the UK and Europe from these clients.
The Dubai office follows the hugely successful launch of our Monaco office, in the French Riviera, catering for the demand for large loans in Europe. This launch is just one of the ways we’re marking a decade in business. Hugh and I are delighted with the evolution of the company over the last 10 years, and look forward to expanding even further in the near future.”
The team in Dubai will be able to put clients in touch with the relevant experts to assist with tax structuring and navigating different legal jurisdictions. Enness also has a relationship with a trusted foreign exchange broker who can help with non-sterling currency, giving clients access to the most preferential market rates.
We are already one of the leading independent whole of market mortgage brokerages, catering for HNW clients with complex lending requirements. The group comprises six specialist teams – Mortgages, Private Office, International, Bridging, Commercial, and Development – and provides a holistic property finance service, regardless of location or asset class.
For more information about our office in the DIFC, please visit: https://enness.co.uk/dubai-office/