The realty brand is strengthening its Middle Eastern footprint.
Sotheby’s International Realty currently operates nearly 1,000 offices across 75 countries and territories, and thanks to its latest signing, will now open its first location in Oman in collaboration with local entrepreneur Faisal Al Shanfari and the Alfardan Group.
Oman Sotheby’s International Realty is headquartered in Muscat, and will serve its surrounding areas.
“Oman is widely considered to be a welcoming place to live and work, with a large expat community. 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,” said Philip White, president and chief executive officer, Sotheby’s International Realty.
“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 new location’s listings are marketed on the global sothebysrealty.com website, and its brokers and clients can benefit from the brand’s auction house and refined marketing programs.
“The market in Oman is improving and moving faster than ever. Our mission is to deliver the highest quality of service to our clients,” said Faisal Al Shanfari.
“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.”