Dubai-based Morgan’s International Realty has acquired the real estate brokerage and property management divisions of Arms & McGregor International Realty.

The real estate company, which focuses on the luxury market, will merge both sales and brokerage operation teams under the Morgan’s umbrella to form a company of up to 45 staff members, which will move to a new office, the location of which is to be announced.

It will be headed by Elias Hannoush co-founder and managing director of Morgan’s, John Spinu, director of secondary market sales and Hovik Kassis, director of primary market sales. 

Makram Hani, founder and CEO of Arms & McGregor said his firm will now focus its operations on digital transformation as well as development portfolio consultancy.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

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