MADISON, N.J., June 17, 2019 /PRNewswire/ -- Sotheby's
International Realty Affiliates LLC today announced its expanding
presence in the Middle East with
the opening of Qatar Sotheby's International Realty.
Qatar Sotheby's International Realty is owned by Alfardan Group,
a leading premium lifestyle conglomerate renowned for delivering
luxury products and services in Qatar, and is led by General Manager,
Seran Gheorghe, who has practiced
real estate in the Middle East for
the past 13 years. Gheorghe was a top performing associate with
Gulf Sotheby's International Realty for the past six years and
worked with Qatari clients to make this opening possible. Qatar
Sotheby's International Realty is located in the capital city of
Doha and will serve the luxury
residential real estate markets of Lusail, the island of Pearl and
West Bay Lagoon. The company will also continue to support Qatari
clients in their continuous interest for the best international
assets.
"Qatar's high-income economy
and global real estate interest is appealing to the Sotheby's
International Realty® brand," said Philip White, president and chief executive
officer, Sotheby's International Realty. "Seran and his team have a
strong understanding of local and global luxury real estate and we
are proud to have them as our affiliate in Qatar."
"The real estate market in Qatar offers high-quality, luxurious
apartments, penthouses and beachfront villas," said Gheorghe. "From
a global perspective, we are seeing interest from buyers in
India, China, Europe
and the United States. We pride
ourselves in offering the highest level of support and advice to
our clients before, during and after the transaction. Aligning our
company with the Sotheby's International Realty brand will
further provide our clients with unparalleled marketing, global
reach and exposure."
Qatar Sotheby's International Realty is the second Sotheby's
International Realty-branded company in the Middle East, along with Gulf Sotheby's
International Realty located in Dubai.
The Sotheby's International Realty network currently has
more than 22,700 affiliated independent sales associates located in
nearly 1,000 offices in 72 countries and territories worldwide. In
2018, the brand achieved a record global sales volume of
$112 billion USD. Qatar
Sotheby's International Realty listings are 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.
About Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real
estate service for discerning clients of Sotheby's auction house.
Today, the company's global footprint spans nearly 1,000 offices
located in 72 countries and territories worldwide, including 43
company-owned brokerage offices in key metropolitan and resort
markets. 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 franchise system. The franchise system is
comprised of an affiliate network, where each office is
independently owned and operated. Sotheby's International
Realty supports its affiliates and agents with a host of
operational, marketing, recruiting, educational and business
development resources. Affiliates and agents also benefit from an
association with the venerable Sotheby's auction house, established
in 1744. For more information,
visit www.sothebysrealty.com.
The affiliate network is operated by Sotheby's International
Realty Affiliates LLC, and the company owned brokerages are
operated by Sotheby's International Realty, Inc. Both
entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a
global leader in real estate franchising and provider of real
estate brokerage, relocation and settlement
services. Sotheby's International Realty Affiliates LLC and
Sotheby's International Realty Inc., both fully support the
principles of the Fair Housing Act and the Equal Opportunity
Act.
CONTACT
Lindsey Scharf
Director, PR & Communications
Sotheby's International Realty Affiliates LLC
(973) 407-5596
Lindsey.Scharf@sothebysrealty.com
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