Sotheby’s International Realty Brand Opens First Office in Oman.
Sotheby's International Realty announced the opening of Oman Sotheby's International Realty today, expanding its presence in the Middle East. Oman Sotheby's International Realty is the brand's third affiliated company in the region, indicating the brand's continued growth.
AlfardanGroup owns Oman Sotheby's International Realty, which is led by country manager Faisal Al Shanfari, who has 20 years of experience.
“Oman is widely considered to be a welcoming place to live and work, with a large ex-pat community,” said Philip White, president, and chief executive officer, Sotheby’s International Realty. “The Omani government recently implemented the 99-year lease and freehold zones, further providing ex-pats 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 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.”
The headquarters of Oman Sotheby's International Realty is in Muscat, Oman, and it will serve the surrounding areas.
Sotheby's International Realty® has nearly 24,000 affiliated independent sales associates in approximately 1,000 offices in 75 countries and territories around the world. Oman Sotheby's International Realty listings are promoted on the global website sothebysrealty.com. In addition to the referral opportunities and increased exposure provided by this source, the firm's brokers and clients will benefit from a partnership with the Sotheby's auction house and global Sotheby's International Realty marketing programs. Each office is owned and operated independently.
Sotheby’s International Realty
Sotheby's International Realty was founded in 1976 as a real estate service for Sotheby's auction house's discerning clients. The company now has approximately 1,000 offices in 75 countries and territories around the world, including 45 company-owned brokerage offices in major metropolitan and resort markets. Realogy and Sotheby's, the auction house's operator, formed a long-term strategic alliance in February 2004. The agreement called for the Sotheby's International Realty name to be licensed and a franchise system to be developed. The franchise system is made up of an affiliate network, with each location owned and operated independently. Sotheby's International Realty provides a variety of operational, marketing, recruiting, educational, and business development resources to its affiliates and agents. Affiliation with the venerable Sotheby's auction house, founded in 1744, also benefits affiliates and agents. Visit www.sothebysrealty.com for more information.
Sotheby's International Realty Affiliates LLC manages the affiliate network, while Sotheby's International Realty, Inc. manages the company-owned brokerages. Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and a provider of real estate brokerage, relocation, and settlement services, owns both companies. The principles of the Fair Housing Act and the Equal Opportunity Act are fully supported by Sotheby's International Realty Affiliates LLC and Sotheby's International Realty, Inc.