Latest news with #MetropolitanGroup
Khaleej Times
08-04-2025
- Business
- Khaleej Times
Metropolitan Group ranks in the Top 10 Best Workplaces™ UAE Index: Culture that fuels real estate success
Group's exceptional culture earns it a Top 10 place for a fourth consecutive year and remains the only real estate agency ever to appear on the prestigious list Metropolitan Group, a leading real estate group in the UAE, has once again ranked among the Best Workplaces™ in 2025 in the Large-sized business category by Great Place to Work, a global authority on workplace culture. The announcement was made at their annual awards ceremony last month. The Group continues to make history as the first and only real estate brokerage to ever make the top 10, a recognition that holds even greater significance in an industry often perceived as highly competitive and demanding. Real estate is known for its high-pressure environment, where success is driven by resilience, skill, and the ability to navigate intense market dynamics. For Metropolitan Group to stand out in this space as a top workplace is a testament to its deliberate and sustained efforts to foster a supportive and empowering culture for its agents. The official index ranks the UAE's best employers based on the confidential feedback of all employees and an audit of management practices and workplace culture. In 2024, the Group achieved its highest-ever ranking in the Best Workplace in the UAE, moving up three places from 2023. The Group was also recognised as the #1 Best Place to Work for Women in the GCC in 2022 and has been featured on the Best Workplaces list for millennials in the GCC for two consecutive years. "The Metropolitan Group has a clear vision to being recognised as the #1 brokerage for real estate services in the UAE and an employer of choice for the real estate community," said Nikita Kuznetsov, CEO Metropolitan Group. "This recognition validates the hard work and dedication of our entire team. At the Metropolitan Group, we have always believed that a thriving workplace culture is key to our success and this achievement is a direct result of our continuous commitment to employee development, engagement and empowerment." One of the primary drivers for Metropolitan Group's success was its substantial investment in the rollout of various people and culture initiatives in 2024. These new programs focused on strengthening the Group's core values, fostering a robust feedback culture, enhancing recognition and rewards, promoting innovation and prioritizing employee training and development. Mike Fleet, deputy CEO at Metropolitan Group, said: "Real estate is a high-pressure industry, especially for agents working on a commission-only basis, where success depends entirely on performance. That's why having the right support system, training, and workplace culture is essential. At Metropolitan Group, we invest in our people, ensuring they have the tools, guidance, and environment needed to excel. Being recognised as one of the UAE's top workplaces for the fourth consecutive year is a testament to our commitment to creating a culture where agents can thrive and achieve their full potential." The Group introduced several new initiatives in 2024 to further cultivate the employee experience and culture at work. DRIVE values: The Group revisited its core values, resulting in the creation of DRIVE - which stands for Discipline, Respect, Integrity, Vibrancy and Excellence. These values reflect the Group's ethos and are embedded into the hiring process and day-to-day operations, with award categories introduced to recognise employees who embody them. The Group also established a new ethics framework that was supported by an ethics committee, to promote the right behaviors across the organisation. Feedback culture: Taking a step further with its employee-first culture, the Group introduced several new initiatives to encourage feedback and foster open dialogue. Regular employee surveys were conducted to gather feedback on all aspects of the working environment along with input from first-line managers. The feedback from the surveys helped develop actionable plans to ensure that employees feel heard. The company also established an open-door policy, with CEO and deputy CEO accessible for direct feedback. Recognition and rewards: The launch of the Metropolitan Stars program rewards high-performing employees with non-monetary recognition, including digital sales notification display with deal alerts, a 'Wall of Fame' for top performers and an online community platform, Metropolitan Hub, for recognising employees who go above and beyond. Innovation: The Metropolitan Minds initiative has encouraged employees to share innovative ideas, leading to 25 new ideas being submitted in just two months with a few of these ideas already being implemented. To further support development, the company launched the Metropolitan Online Academy to provide employees with cutting-edge sales training, product knowledge and career development tools. Metropolitan Essentials: The Group also introduced a new skills program focused on the essentials for a high performing sales agent. The course concentrates on mastering the highest standards of client interactions, like calls, meetings and viewings, through a blend of live learning, online capsules and on the job assignments. On completion of the program learners are accredited as a certified Metropolitan Agent. CSR and team building: The Group's commitment to employee engagement extends beyond the office. In 2024, the Group organised a beach cleanup event on Saadiyat Island in Abu Dhabi as part of its CSR initiative, alongside an outdoor team-building event, attended by over 650 employees, with a partnership donation to Global Giving Initiative, Buy 1 Give 1, supplying over 900 nursery children in Africa with learning materials. Other partnerships include NYU and Sorbonne University bringing new internship opportunities to students in the Capital. As part of its commitment to attracting top talent, Metropolitan Group will be hosting a half-day recruitment event at their office in Al Salam Tower, Dubai on April 18 at 10 am. The event will provide attendees with valuable insights into the tools and strategies that Metropolitan agents leverage to achieve outstanding sales success. Those interested in joining the event can register at The Metropolitan Group includes three full-service real estate agencies: Metropolitan Premium Properties (Dubai), Metropolitan Capital Real Estate LLC (Abu Dhabi), and Luxury Immobilien GmbH (Vienna). The Group also offers legal services through Metropolitan Consulting FZE and caters to Ultra High-Net-Worth Individuals through its luxury division, powered by Metropolitan.
Zawya
10-03-2025
- Business
- Zawya
Metropolitan Group powers 177 real estate agents into the millionaire club
Dubai: Metropolitan Group, a leading real estate firm in the UAE, announced that 177 of its agents have achieved AED millionaire status, since joining the group. Among them, four agents surpassed AED 37 million ($10 million) in earnings, 40 agents achieved commissions of AED 10 million ($2.7 million) or more and a further 91 agents joined the exclusive million-dollar club earning over AED 3.67 million ($1 million). The top earners included a diverse array of talent, featuring agents from around the globe, including Russian-speaking, Europeans, as well as agents from Egypt, Syria and beyond. Nikita Kuznetsov, CEO and co-founder of the Metropolitan Group, said: 'Our business as a brokerage is tied to the success of our agents, so it's great to see how many lives are being so positively impacted. We provide agents with cutting-edge marketing tools and a robust lead generation system that produces thousands of leads weekly. We are one of the few real estate groups that continues to successfully grow, cultivates an award-winning culture, while also producing many millionaire agents.' Commenting on the Group's success in Abu Dhabi, Evgeny Ratskevich, Co-CEO of Metropolitan Group & CEO of Metropolitan Capital Real Estate, said, 'In just six years, we have firmly established ourselves as a leading player in Abu Dhabi's real estate market. Despite our relatively recent entry, we're proud to have the largest office in the Capital, which is a testament to our commitment to excellence and ambitious growth plans. Abu Dhabi's dynamic market presents incredible opportunities and we are strategically positioned to expand even further, with plans to continue investing while supporting our agents' continued success.' Mike Fleet, Deputy CEO of Metropolitan Group, said: 'We offer a comprehensive support system to our agents, ensuring they can focus on what they do best – selling. Our dedicated Sales and Training Academy equips agents with a structured and continuous learning approach, enhancing skills at all levels to meet the ever-evolving demands of the market. The Group's strong culture and dedicated support for new employees was exemplified by one agent who, within just two weeks of joining last month, already achieved over AED 60 million in sales. This success story is not an isolated case and is a result of the Group's commitment to fostering a unique environment where newcomers can thrive and excel.' The company's strong back-office team, administrative support and faster commission payment cycle (twice-weekly payouts) allow agents to concentrate on closing deals and achieving top performance. Metropolitan Group also fosters an environment of growth, offering clear career progression paths and an award-winning company culture that encourages high performers to reach new heights. Emphasizing the company's dedication to attracting top real estate professionals, Kristina Papialiayeva, Head of Talent Acquisition at Metropolitan Group, said, 'Our regular recruitment events, held at our state-of-the-art office in Al Salam Tower, provide prospective agents with a unique opportunity to experience our dynamic culture first-hand. These interactive sessions not only showcase the inspiring success stories of our agents, but also give attendees direct access to our sales directors, who openly share the winning strategies that drive top performance. This transparent and hands-on approach reinforces our commitment to agent success and highlights why the Group is the ultimate destination for ambitious real estate professionals.' The Metropolitan Group is committed to creating an environment where agents can thrive from day one. The Group's commitment to attracting and retaining top-tier talent is reflected in its ongoing recruitment initiatives, where every candidate undergoes a comprehensive evaluation process to ensure alignment with the company's core values. By maintaining these rigorous standards, the Group continues to build a team of high-performing agents who drive success and uphold the exceptional reputation of the Metropolitan brand. To keep pace with its rapid growth, the Metropolitan Group is actively looking to expand its team and is encouraging high-performing agents to join one of the UAE's most successful real estate firms. The Group is offering exclusive benefits for top agents with a proven track record of consistently generating AED 50-100 million in sales a month, including the opportunity to report directly to the CEO. To join the Metropolitan Group's dynamic team, visit
Arabian Business
27-02-2025
- Business
- Arabian Business
MGS Development unveils new luxury waterfront Edgewater Residences in Dubai Islands
An exclusive waterfront development, the project comprises three elegant 12-storey towers with two podium floors featuring 1, 2 and 3-bedroom semi-fitted apartments. The company said the project will feature stunning views of the Arabian Gulf and championship golf courses from the 5 th floor upward. Metropolitan Premium Properties (MPP), the flagship property company of the Metropolitan Group, is the exclusive sales and marketing partner for the project, the company said. The developer said it has partnered with AYENK, a Miami-based architectural firm known for its expertise in luxury waterfront design. The apartments in the project are priced from AED 1.68 million for a one-bedroom unit to AED 3.25 million for a 3-bedroom unit.
Hi Dubai
13-02-2025
- Business
- Hi Dubai
Dubai's Residential Resale Market Surpasses AED 155.72B in 2024
Dubai's residential resale market continued its impressive performance in 2024, demonstrating resilience and strong growth across various segments, according to a new report by Metropolitan Premium Properties, a division of the Metropolitan Group. The report reveals total transaction value increased by 25.3% to over AED 155.72 billion, driven by a robust economy and sustained population growth. Despite global economic uncertainties, Dubai's resilient real estate market remains attractive to both domestic and international investors. Dubai's real estate market has once again outperformed expectations and 2024 was no exception, said Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Premium Properties. The data clearly shows a dynamic and evolving market with strong demand for ready-to-move-in properties. This shift towards secondary sales reflects the increasing preference for immediate occupancy and the desire to capitalize on the current market conditions. Key highlights from the report Total transaction volume : The market recorded 58,328 resale transactions in 2024, representing a 19.3% increase compared to 2023. : The market recorded 58,328 resale transactions in 2024, representing a 19.3% increase compared to 2023. Total resale value : The total value of all residential resale transactions reached AED 155.729 billion, a 25.3% increase versus the previous year. : The total value of all residential resale transactions reached AED 155.729 billion, a 25.3% increase versus the previous year. Average price growth : The average resale price per square foot increased by nearly 8%, rising to AED 1,548 across all property types, reflecting strong demand and limited supply. : The average resale price per square foot increased by nearly 8%, rising to AED 1,548 across all property types, reflecting strong demand and limited supply. Demand for ready properties: Secondary sales accounted for 83% of all transactions by value and 82% of all transactions in 2024. The preference for ready-to-move-in properties is driven by higher rental costs and the absence of interest rate increases, encouraging more residents to shift from renting to purchasing their homes. Secondary sales accounted for 83% of all transactions by value and 82% of all transactions in 2024. The preference for ready-to-move-in properties is driven by higher rental costs and the absence of interest rate increases, encouraging more residents to shift from renting to purchasing their homes. Apartments continue to lead: Apartments accounted for 77.69% of all resale transactions, townhouses made up 14.67% and villas accounted for 7.62%. Most expensive transactions Most expensive villa : A luxury 6-bedroom villa in Jumierah Bay Island was sold for AED 240.5 million. : A luxury 6-bedroom villa in Jumierah Bay Island was sold for AED 240.5 million. Apartment : 5-bedroom apartment at The One on Palm Jumeirah fetched AED 275 million, a 5-bedroom apartment at the Bulgari Lighthouse for AED 137 million and a 5-bedroom apartment at The Crescent, Six Senses The Palm for AED 130 million. : 5-bedroom apartment at The One on Palm Jumeirah fetched AED 275 million, a 5-bedroom apartment at the Bulgari Lighthouse for AED 137 million and a 5-bedroom apartment at The Crescent, Six Senses The Palm for AED 130 million. Most expensive townhouse: A townhouse in Umm Suqeim 2 sold for AED 72 million and another for AED 35.6 million and a 5-bedroom townhouse in Tilal Al Ghaf sold for AED 34 million. Ms. Vasilieva added: For 2025, we project a sustained period of growth and stability in Dubai's resale sector. Investor confidence remains high, bolstered by the city's strong economic fundamentals and world-class infrastructure. This, coupled with attractive financing options, will continue to fuel transaction activity. Property-type highlights from the report Apartments Average resale price : The average resale price per square foot for apartments increased by 5.3%, reaching AED 1,576 compared to 2023. : The average resale price per square foot for apartments increased by 5.3%, reaching AED 1,576 compared to 2023. Resale transactions : A total of 45,320 resale transactions were recorded, reflecting a 22.4% increase compared to 2023. The total value of these transactions reached AED 81.17 billion, up 24.1% year-over-year. : A total of 45,320 resale transactions were recorded, reflecting a 22.4% increase compared to 2023. The total value of these transactions reached AED 81.17 billion, up 24.1% year-over-year. Resale market transactions: 81% of resale transactions were secondary sales while off-plan resale accounted for 19% of the transactions. 81% of resale transactions were secondary sales while off-plan resale accounted for 19% of the transactions. Resale market value: A total of 76% (AED 61.77 billion) of the resale value was attributed to secondary sales, while 24% was linked to off-plan resales. A total of 76% (AED 61.77 billion) of the resale value was attributed to secondary sales, while 24% was linked to off-plan resales. Apartment rentals: The average price per square foot for apartment rental increased 17.3% to AED 77 compared to 2023. There was a total of 477,424 transactions, a nearly 2% increase from last year, with renewals making up 61% while new leases accounting for 39%. Villas Average resale price : The average resale price per square foot for villas surged to nearly 21%, reaching AED 1,937 compared to 2023. : The average resale price per square foot for villas surged to nearly 21%, reaching AED 1,937 compared to 2023. Resale transactions : While the number of resale transactions dipped slightly by 2.6% to 4,449, the total value of these transactions soared by 22.1%, reaching AED 48.89 billion. : While the number of resale transactions dipped slightly by 2.6% to 4,449, the total value of these transactions soared by 22.1%, reaching AED 48.89 billion. Resale market breakdown : Secondary resales: The vast majority (97%) of resale transactions were secondary sales, accounting for AED 48.16 billion of the total value. Off-plan resales: A small 3% of resale transactions were off-plan, contributing to AED 722 million of the total value. : Villa rentals: The average price per square foot for villa rentals increased by 23%, reaching AED 70 compared to 2023. There was a total of 35,085 transactions with renewals accounting for over 61%. Townhouses Average resale price : The average resale price per square foot for townhouses surged 17.3%, reaching AED 1,212 compared to 2023. : The average resale price per square foot for townhouses surged 17.3%, reaching AED 1,212 compared to 2023. Resale transactions: While the number of resale transactions increased 17.4%, totalling 8,559, while the total value of these transactions soared 36.6% to AED 25.66 billion. ● Resale market breakdown: Secondary resale: 76% of resale transactions were secondary sales, accounting for 78% (AED 19.89 billion) of the total value. Off-plan resale: 24% of resale transactions were off-plan, contributing to 22% (5.76 billion) of the total value. Townhouse rentals: The average price per square foot for townhouse rental rose 15.8% to AED 68. There was a total of 21,562 rental transactions, a 2.5% increase from last year, accounting for AED 3.41 billion, which reflects a 16.5% increase. News Source: Leidar MENA
