The acquisition will see Savills take full ownership of Cluttons Middle East, a business which has been established in the region for more than 40 years, ahead of plans to rebrand it as Savills later in 2018.

As part of the deal, Savills will take on the business’ 190 staff across the UAE, Bahrain, Egypt, Oman and Saudi Arabia, who provide agency, management and consultancy advice across both commercial and residential property.