Sothebys International Realty Affiliates LLC has announced plans for the brands expansion into five additional Gulf countries, complementing its existing presence in the United Arab Emirates. Within the next year, the brands affiliate brokerage in the region, Gulf Sothebys International Realty, is expected to enter the important new markets of Saudi Arabia, Qatar, Bahrain, Kuwait and Oman, greatly increasing the brands presence in the Middle East.
Increasing our brand presence in the Middle East is yet another example of our commitment to providing the Sothebys International Realty networks exclusive real estate services in luxury property destinations around the world, said Phillip White, president and chief executive officer of Sothebys International Realty Affiliates LLC. The Middle East continues to be one of the most important sources of cross-regional capital into the global real estate market."
Currently operating in Dubai and Abu Dhabi, Gulf Sothebys International Realty is led by Chairman George Azar. The firm intends to open seven new offices around the region including Riyadh, Jeddah and Dammam in Saudi Arabia and also in Qatar, Bahrain, Kuwait and Oman.
We are excited to be growing our company and widening our range of services to span the Middle Eastern region, said Azar. Our goal is to achieve the highest sale price for our clients, but achieving this means equipping investors with sound intelligence about the property market and its potential.
Here at Gibson Sothebys International Realty we would like to congratulate George Azar, his team, and of course the Sothebys brand for this significant achievement. Our network continues to grow and the lengths to which we can see our influence is becoming increasingly broader and more impressive. Our worldwide network now has a presence of more than 17,000 dedicated, experienced real estate sales associates within roughly 800offices in 61 countries and territories.
Take a look at our previous blogs below in order from most recent to older news to read about other grand openings to see just how far the Sothebys brand has come in such a short period of time.
- Vermont and New Hampshire
- Cambridge, Massachusetts
- St. Martin
- North India
Source: Sothebys International Realty