ABU DHABI, United Arab Emirates - Sunday, April 19th 2015 [ME NewsWire]

Sotheby’s International Realty Affiliates LLC announced the expansion of their operations in the United Arab Emirates with the launch of a new office in the emirate of Abu Dhabi on April 23. Located on Al Maryah Island, their second UAE entity is poised to meet the growing needs from the nation’s capital for sales and leasing of luxury properties as the sector continues to go from strength to strength.

With luxury realty in the emirate growing at the fifth-fastest rate in the world according to a Knight Frank Global Wealth Report, the demand for an established niche realtor with global clout is high, with interest arising from both local and international markets. The firm will conduct business as Gulf Sotheby’s International Realty with Jackie Johns, the managing partner for the Sotheby’s International Realty brand in the UAE with over 25 years of experience, at the helm.

“Opening an office in Abu Dhabi is a strategic move and another step forward in our overall growth plans for the Middle East,” commented Johns. “Investor appetite in the emirate is strong and will only continue to increase. There are some really superb projects in the pipeline that will cater to all sorts of needs of investors. With its superb infrastructure in place, Abu Dhabi will very quickly become a place of choice. Our aim is to very quickly become the realtor of choice for luxury investors, irrespective of whether they are investing locally or internationally. After years of experience in the region, our clients can be assured of a truly professional service through our network and we strive to provide a global service to our clients that surpasses all expectations.”

The Sotheby’s International Realty network currently has more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide. Gulf Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

The Abu Dhabi office, on the 35th floor of Al Maqam Tower, Sowwah Square, Al Maryah Island, opens on April 23, 2015.

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Editor’s notes

About Sotheby’s International Realty Affiliates LLC Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

Contacts

Gulf Sotheby’s International Realty

PO Box 35665, Al Maqqam Tower, 35th Floor, Office 3522

Regus Sowwah Square, Al Maryah Island

Abu Dhabi, UAE

+971 2 418 7572

info@gulfsir.com

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