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CBRE Group Recognised for Excellence

CBRE is an American commercial real estate services and investment firm. The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world’s largest commercial real estate services and investment firm.

CBRE today announced that the company has been recognised as an “All Star” firm in IAOP®’s annual assessment of global outsourcing companies across all industries.

IAOP also recognised CBRE for “sustained excellence” for its continued high performance in the program over the last several years.

The GO100 recognises the world’s best outsourcing service providers and advisors.

This list is based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organisations.

CBRE again achieved top honours in all the program’s judging categories this year, including customer references, awards and certifications, programs for innovation and programs for corporate social responsibility.

CBRE provides integrated services for occupiers of commercial real estate, including facilities management, transaction services, project management, and strategic consulting.

CBRE Group Overview

CBRE, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm.

The company has more than 100000 employees and serves real estate investors and occupiers through more than 530 offices worldwide.

CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Launch of Initiative to Streamline Real Estate Sector

A sector is an area of the economy in which businesses share the same or related business activity, product, or service. Sectors represent a large grouping of companies with similar business activities, such as the extraction of natural resources and agriculture.

A memorandum of understanding between DLD and BSA was signed to promote foreign and local investment opportunities in Dubai through an innovative framework that will boost transparency and streamline transaction processes for investors in the sector.

As part of the REL initiative, DLD is introducing several investment products to lift restrictions in the current real estate laws that will allow for more vigorous real estate investment in Dubai.

The new initiative will especially facilitate the purchase and sale of properties by corporate entities with ultimate foreign ownership, therefore opening up the market to more corporate investors.

Sultan Butti bin Mejren, director general of DLD, said: “At DLD, we are keen to support the directives of our wise leadership and the strategies to make Dubai the smartest and happiest city in the world.

The MoU with BSA further supports our mission to consolidate and attract foreign and corporate real estate investments to Dubai.”

We are working to strengthen the real estate sector in the Emirate through such partnerships that ensure the ease and speed of regulatory and investment procedures.”

Dr Ahmad bin Hezeem, Senior Partner, BSA, said: “The overarching goal of this progressive initiative is to open up Dubai’s real estate market to more investors, increasing investment flows in the process.

The REL initiative will provide a legal framework that streamlines and facilitates the process for investing capital in the city. This, in turn, will attract a wider range of investors and transactions.”

It’s a pleasure to once again be joining forces with DLD in support of the work we have been doing over the past 20 years reinforce our clients’ investment interests in Dubai’s real estate sector.”

In essence, the enhanced investment framework proposed by the REL will simplify the processes for clients.”

The announcement comes after BSA’s previous collaboration with DLD to host ‘Legal Clinics,’ which provided the public with a six-hour window to access free advice from 25 expert lawyers, who specialise in areas as varied as real estate, construction, employment, compensation claims, criminal matters, debt recovery, tenancy disputes, inheritance, and family matters.