Mallorca Commercial Real Estate Advisory obtains the exclusive Diamond Award from Nakheel
The awards are recognized as one of the benchmarks of excellence in the regional property and real estate industry. The coveted The Exclusive Diamond Award was presented to Mallorca Commercial Real Estate Advisory by Naaman Atallah, Managing Director, Nakheel, and Rasha Hassan, Commercial Director, Nakheel
The grand awards ceremony held at the recently opened Anantara resort on the World Island saw Mallorca founder and chairman Fakhreddin Minooeifar accept the award. With over 20 years of experience as a leading real estate expert, Fakhreddin has established himself as one of the most knowledgeable and respected professionals in the region.
In 2021, Mallorca Commercial Real Estate Advisory made headlines after securing one of the largest land deals in Dubai’s history, valued at over half a billion dirhams. Against the backdrop of a generally difficult market situation at the time, this decision demonstrated the capability and credibility of boutique commercial real estate specialists in the industry.
“Nakheel’s Exclusive Diamond Award following the signing of Dubai’s most expensive land deal reaffirms our position as a customer-focused, excellence-driven business. We aim to be the international benchmark for the region over the next five years and with a firm finger on the pulse we now look forward to Dubai becoming the epicenter of economic progress. We will continue to achieve such milestones in the real estate market while keeping the interests of clients at the center of our strategy,” said Fakhreddin Minooeifar.
Mallorca, which has closed deals worth more than $3 billion over the past decade, was founded in 2002 by founder and chairman Fakhreddin Minooeifar, with a vision to fill the void for big-ticket deals. volume. Based in Dubai, Mallorca expanded its operations to Europe in 2019 with a base in Paris, France.
Today, Mallorca Commercial Property Consultancy has established itself as a formidable player in the regional property sector, renowned for providing a highly personalized service in the acquisition, structuring, operation and sale of commercial assets.
The firm leverages its extensive network of local and international property experts to directly connect buyers with owners of opportunities not yet listed on the market. Minooeifar said the Mallorca commercial property consultancy currently has more than 70 billion dirhams of sellers’ properties on the books.
Mallorca have also been recognized by the Dubai Land Department as leading experts in restructuring stalled projects. Mallorca has successfully transformed a halted government housing project into a 4 million square freehold residential community.
The exclusive Diamond Award is the latest in a series of awards previously received by the company. In previous years, Mallorca has been awarded Real Estate Company of the Year by the Luxury Network and Best Commercial Real Estate Brokerage Initiative by the Dubai Land Department at the Gulf Real Estate Awards.