Abu Dhabi-based real estate firm MD Real Estate (MDRE) and UK law firm Charles Russell LLP have teamed up to offer their real estate expertise and resources to Middle East customers planning to buy property in London.

 “Unlike most traditional estate agents, the combined interests, experience and skills of both parties will create a unique service focused on our Middle East clients planning to buy in London, responding professionally and discretely to their investment criteria,” explained Amanda Clarke, director of marketing and business development at MDRE. “As we are not tied into any one UK estate agency, we retain both our independence and flexibility to consider a multitude of real estate opportunities on behalf of our clients.

“Initially, our focus will be on central London which is seen as a very attractive market for Middle East investors, caused by both falling prices and the weakness of sterling. From our research we believe that properties currently for sale in Central London are 20 per cent to 25 per cent off their 2007 peak levels, providing discounts of 35 per cent for Eurozone buyers and up to 50 per cent for those buying in dollar based currencies.”

“Through our exclusive relationship with Charles Russell we’re now able to source prime London properties before they even come onto the market and negotiate the best possible price. In essence, we have become a ‘one stop shop’ for people wanting to invest in the London property market,” she added.

Richard Crosthwaite, director of property acquisition at Charles Russell LLP, said: “We are delighted to have formed an exclusive strategic alliance with MDRE. This will give clients in Abu Dhabi privileged access to the London residential property market, via Charles Russell's property acquisition arm, as well as expert advice on the legal and practical aspects of buying property in London.” – TradeArabia News Service