Engel & Völkers, one of the world's leading service companies for the brokerage of premium residential property, commercial real estate and yachts, is set to host the group's first international networking event next week.

The event will be held in the newly opened Metropolitan Market Center of Engel & Völkers, a joint venture with the Dubai-based real estate developer Nakheel.

Both firms have entered into this strategic partnership with the aim of gaining a high share in Dubai's market for premium residential property brokerage.

It will be a chance for both longstanding property professionals and industry newcomers to make valuable new contacts and exchange ideas, said the company in a statement.

Ahmet Kayhan, the co-founder and chief executive of Reidin, one of the leading real estate information companies, has been announced as the keynote speaker at the event.

Kayhan will give guests compelling insights into the latest market developments in Dubai.

Engel & Völkers is forging the link between peer-to-peer networking in an informal atmosphere and the transfer of market-relevant knowledge, remarked Sven Odia, the co-chief executive officer of Engel & Völkers.

"Being such a vibrant metropolis, there is demand in Dubai for high-quality residential property. Our partnership with Nakheel is opening up a key market for us," stated Odia.

Engel & Völkers said about 250 real estate agents are set to be employed at the new joint venture company by the end of 2015.-TradeArabia News Service