Berkshire Hathaway HomeServices Gulf Properties Expanding in United Arab Emirates
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Network’s first UAE member vetting brokerages for mergers and acquisitions
DUBAI, UAE and IRVINE, CA (October 5, 2020) — Berkshire Hathaway HomeServices Gulf Properties today announced it is actively seeking brokerages in the UAE for merger or acquisition. The move follows the company’s stated ambition to grow throughout Dubai and the UAE.
Dounia Fadi, COO of Berkshire Hathaway HomeServices Gulf Properties, stated, “We are in the unique position of having an expansive growth strategy. Few other brokerages have the reach and support of their global brand to carefully select and find companies that are befitting of joining our organization.”
As the Dubai real estate brokerage market consolidates, Gulf Properties is in the unique position of being aligned with a globally renowned brand and possessing world-class tools. The company is already in discussion with a number of brokerage owners keen to explore transitioning to a global real estate brand and facilitate an equitable exit strategy.
“The growth potential across the UAE is exciting and Berkshire Hathaway HomeServices Gulf Properties is poised to capitalize on that potential in a big way moving forward,” said Chris Stuart, CEO of Berkshire Hathaway HomeServices. “Under the leadership of Dr. Ihsan Husein Al Marzouqi and Phil Sheridan, the company has the experience, vision and ambition to connect the region’s real estate opportunities with buyers, sellers, and investors around the globe.”
Berkshire Hathaway HomeServices network agents gain access to Berkshire Hathaway HomeServices’ active referral and relocation networks, and its “FOREVER Cloud” technology suite, a powerful source for lead generation, marketing support, social media, video production/distribution and more. Berkshire Hathaway HomeServices has aligned with best-in-class technology platforms to deliver world-class support to its network members far into the future.
The brand also provides global listing syndication, professional training and ongoing education and the exclusive Luxury Collection marketing program for premier listings. Its Prestige Magazine showcases network members’ premium listings with a strong lineup of feature stories covering topics that appeal to high-end real estate consumers.
Fadi added, “Dubai has a reputation as one of the world’s most exciting real estate destinations and Berkshire Hathaway HomeServices has a reputation for service and longevity among consumers and property investors. The foundation we offer independent brokerages is very attractive.”
About Berkshire Hathaway HomeServices Gulf Properties
Berkshire Hathaway HomeServices Gulf Properties is the region’s premier real estate agency providing expert advice and support to its clients, across many key real estate markets across the world. The company prides its reputation in providing excellence to its clients through its professional advisory and support teams. The company covers all aspects of residential real estate including sales, rentals, property management, investment consultancy, the acquisition and disbursement of property portfolios.
About Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices is one of the world’s fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, nearly 1,500 offices throughout the U.S., Canada, Mexico, Europe and the Middle East, and more than $119 billion in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity. Visit www.berkshirehathawayhs.com.