Dubai real estate brokers join forces in new agreement

Gulf Sotheby's International Realty reaches deal with Clarke & Scott Real Estate to further strengthen its network of specialist agents
By Sam Bridge
Wed 08 Aug 2018 03:32 PM

Dubai-based Gulf Sotheby’s International Realty, a franchise of the world’s largest luxury real estate network, has reached an agreement with Clarke & Scott Real Estate to further strengthen its network of specialist agents.

Under the agreement, Clarke & Scott will retain 100 percent ownership and its trade licence, allowing it to maintain independent operations while marketing under the Gulf Sotheby’s International Realty brand.

Clarke & Scott, a British-run real estate brokerage headed by industry experts Wezley Clarke and Scott Mitchell, is particularly active within the off-plan market sector where it has secured a solid standing among major Dubai developers, a statement said.

It added that Clarke & Scott will bring a wealth of experience to the Gulf Sotheby’s International Realty team and in return, become part of an international structure.

“After lengthy discussions with Gulf Sotheby’s International Realty, it makes perfect sense to combine forces. Gulf Sotheby’s is the biggest name in the realm of luxury real estate; this strategic tie-up will allow Clarke & Scott to reach new levels of global exposure with full access to one of the largest international networks,” said Clarke.

George Azar, chairman and CEO of Gulf Sotheby’s International Realty added: “Clarke & Scott are a well-established and valued brand name; they are forward thinkers who appreciate that by combining forces, they will have access to a larger market share.”

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Last Updated: Wed 08 Aug 2018 03:38 PM GST

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