NEW YORK, March 31, 2021 /PRNewswire/ -- Sotheby's
International Realty today announced its expanding presence in the
Middle East with the opening of
Oman Sotheby's International Realty. The addition of Oman Sotheby's
International Realty signifies the brand's continued growth and its
third affiliated company in the region.
Oman Sotheby's International Realty is owned by Alfardan Group
and is led by Faisal Al Shanfari,
country manager, who brings 20 years of experience to the
company.
"Oman is widely considered to
be a welcoming place to live and work, with a large expat
community," said Philip White,
president and chief executive officer, Sotheby's International
Realty. "The Omani government recently implemented the 99-year
lease and free hold zones, further providing expats with the
confidence to invest and buy property in Oman. We also know from our 2021 Luxury
Outlook report that countries, with scenic landscapes and
waterfront views are generating tremendous interest, and
Oman offers both. We look forward
to working with Faisal and the entire Oman Sotheby's International
Realty team to grow their business in the country."
"The market in Oman is
improving and moving faster than ever," said Faisal Al Shanfari
"Our mission is to deliver the highest quality of service to our
clients. Aligning our company with Sotheby's International Realty
not only builds on that commitment, but it also provides our agents
with a global resource for marketing extraordinary properties in
prime locations and key areas in Oman, and the brand's vast network enables us
to serve our Omani clients seeking luxury and resort properties
around the world."
Oman Sotheby's International Realty is headquartered in
Muscat, Oman and will serve the
surrounding areas.
The Sotheby's International Realty® network currently
has nearly than 24,000 affiliated independent sales associates
located in approximately 1,000 offices in 75 countries and
territories worldwide. Oman 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.
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 approximately 1,000
offices located in 75 countries and territories worldwide,
including 45 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. Both
Sotheby's International Realty Affiliates LLC and Sotheby's
International Realty, Inc. fully support the principles of the Fair
Housing Act and the Equal Opportunity Act.
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SOURCE Sotheby’s International Realty