The important luxury markets of Saudi Arabia, Qatar, Bahrain, Kuwait and Oman will soon have the opportunity to utilize the unparalleled services and expertise offered by the Sotheby’s International Realty brand. The company’s recent announcement to expand further in the Middle East with the network addition of these five Gulf countries, both compliments and strengthens its already existing presence in the United Arab Emirates.
“Increasing our brand presence in the Middle East is yet another example of our commitment to providing the Sotheby’s International Realty network’s exclusive real estate services in luxury property destinations around the world,” stated Phillip White, president and chief executive officer of Sotheby’s 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 and we are proud to support Gulf Sotheby’s International Realty as the company expands its footprint and continues to provide robust regional market intelligence to its clients.”
Gulf Sotheby’s International Realty is led by Chairman George Azar, and currently operates in Dubai and Abu Dhabi. New office openings in the region that cater to this brand expansion include Riyadh, Jeddah and Dammam in Saudi Arabia, as well as 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. Our clients are sophisticated high net worth individuals and institutional investors who need to understand the underlying fundamentals of the markets in which they invest. This is why we have consistently surpassed our own sale price targets in 2015, despite the slowdown in the Dubai property market.”
This growth, along with other recent network expansions, is a direct reflection of our brand’s ever-emerging dominance and ambitious goals in luxury housing markets across the globe.