Sotheby’s International Realty Brand Enters Saudi Arabia
Sotheby’s International Realty Affiliates LLC today announced it has signed an exclusive 25-year master franchise agreement with Regents Group LLC to develop the Sotheby’s International Realty® brand throughout Saudi Arabia, Bahrain and Kuwait, with its first office set to open in Riyadh this month.
The firm will conduct business as First Regents Sotheby’s International Realty with Paul Aiken as managing broker. The office in Riyadh will serve the luxury residential real estate market throughout Riyadh, Jeddah, Dammam and Al Khobar.
“Saudi Arabia is a strategically important market for the Sotheby’s International Realty brand and this signing represents a key step forward in our overall growth plans across the Middle East,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The First Regents Sotheby’s International Realty team offers in-depth local knowledge and is led by an experienced management team. Many Saudi nationals look to international markets to purchase real estate, making this an important new market for our luxury network.”
First Regents Sotheby’s International Realty is located at King Fahad Road, Tatweer Tower in Riyadh. Read the full article: HERE
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