Sotheby’s International Realty in the UAE has officially acquired Sotheby’s Realty UK.
The luxury property specialist has seen record growth year on year and is eyeing an international expansion plan.
After first moving into the Saudi Arabia property market, it is now looking to the UK.
George Azar, Sotheby’s International Realty UAE CEO, said: “Our main focus at Sotheby’s International Realty UK will be to add further value in unique areas.
Sotheby’s International Realty UAE expanding
“We will work with our US and European affiliates to help grow their existing market share even more.
“We aim to use our experience and connections to drive the transaction level of Sotheby’s International Realty UK to match that of our US counterparts.
“Currently the UK luxury property market is typically served by boutique-style agencies with bespoke avenues of focus, so as one of the largest and most experienced real estate companies in the market, we will be able to offer a different experience and access to serious international buyers.”
Sotheby’s International Realty UAE’s UK expansion follows a noted impact in Saudi Arabia, where the group is exclusive manager of the Raffles Resort in Jeddah and the Accor project in Mecca.
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