Dubai property broker acquires mortgage consultancy
Dubai-based real estate firm, Allsopp & Allsopp, has acquired PuzzleWorks, the independent mortgage consultancy to further enhance its mortgage services.
PuzzleWorks will now become part of Allsopp & Allsopp’s Mortgage Services division, a statement said, adding that services include assisting first time buyers, investments and buy to let mortgages, refinancing, equity release and buying and selling.
Stuart Roe, founder of PuzzleWorks, said:
“This is fantastic news for us, our clients and the business. While the mortgage market in the UAE matures, we saw great synergies with Allsopp & Allsopp. We are excited for the future, now we are part of such an ambitious, forward-looking company.”
Allsopp & Allsopp Mortgage Services’ market analysis has seen more people switching from renting to buying in the last 12 months, while also identifying the need to expand its mortgage offerings.
Lewis Allsopp, CEO, said:
“It is part of our on-going rapid growth strategy to acquire successful companies. We have acquired PuzzleWorks, its contracts and its contacts. Stuart and his team share a similar vision to us, so it was an easy decision.”
Allsopp & Allsopp, which has had a presence in the UAE since 2008, said it has seen a “meteoric rise in business” in its years of local business.