Warren Buffet’s property brokerage opens first MidEast office in Dubai

Warren Buffett’s Berkshire Hathaway HomeServices, regarded as one of the largest and fastest-growing residential real estate brokerage in the U.S.,  has announced opening its office in Dubai, its first in the Middle East.

The brokerage will open under the flag Berkshire Hathaway HomeServices Gulf Properties, and is led by Dr. Ihsan Husein Al Marzouqi, chairman; and CEO Phil Sheridan, a statement said.

“Gulf Properties aspires to grow quickly by tripling its advisor count and opening a second office in Abu Dhabi within a year,” the statement added.

“Dubai has been a top priority for our network’s global expansion as it represents innovation among world leaders and is a top global center for trade, logistics, tourism and finance,” Berkshire Hathaway HomeServices Chairman Gino Blefari, said.

“Gulf Properties will connect our growing brokerage network between East and West and will provide unrivaled access to one of the world’s most exciting real estate destinations,” he added.

Gulf Properties marks the fourth global franchisee of Berkshire Hathaway HomeServices following Rubina Real Estate in Berlin; Kay & Co. in London and Maggi Properties in Milan, the statement added.