{"id":11751,"date":"2023-01-24T17:51:00","date_gmt":"2023-01-24T22:51:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-affiliates-join-forces-to-create-one-of-the-foremost-real-estate-companies-in-the-emeia-region\/"},"modified":"2025-04-30T17:19:24","modified_gmt":"2025-04-30T17:19:24","slug":"sothebys-international-realty-affiliates-join-forces-to-create-one-of-the-foremost-real-estate-companies-in-the-emeia-region","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-affiliates-join-forces-to-create-one-of-the-foremost-real-estate-companies-in-the-emeia-region\/","title":{"rendered":"SOTHEBY&#8217;S INTERNATIONAL REALTY AFFILIATES JOIN FORCES TO CREATE ONE OF THE FOREMOST REAL ESTATE COMPANIES IN THE EMEIA REGION"},"content":{"rendered":"<style type=\"text\/css\">\n<p>\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}<\/p>\n<\/style>\n<p class=\"prntac\"><i>The Acquisition Brings Together LUXHABITAT Sotheby&#8217;s International Realty in <span class=\"xn-location\">Dubai<\/span> and United Kingdom Sotheby&#8217;s International Realty<\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">NEW YORK<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 24, 2023<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3764955-1&amp;h=1870088591&amp;u=http%3A%2F%2Fwww.sothebysrealty.com%2F&amp;a=Sotheby%27s+International+Realty\" target=\"_blank\" rel=\"nofollow noopener\">Sotheby&#8217;s International Realty<\/a>&nbsp;today announced that its independently owned and operated affiliate, LUXHABITAT Sotheby&#8217;s International Realty in <span class=\"xn-location\">Dubai<\/span>, has acquired United Kingdom Sotheby&#8217;s International Realty. The firm is now owned and operated by <span class=\"xn-person\">George Azar<\/span>, who is also the CEO of LUXHABITAT Sotheby&#8217;s International Realty. The firm will continue to operate as United Kingdom Sotheby&#8217;s International Realty.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/452508\/SOTHEBYS_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/452508\/SOTHEBYS_Logo.jpg\" title=\"Sotheby's International Realty logo. (PRNewsFoto\/Sotheby's International Realty) (PRNewsfoto\/Sotheby's International Realty)\" alt=\"Sotheby's International Realty logo. (PRNewsFoto\/Sotheby's International Realty) (PRNewsfoto\/Sotheby's International Realty)\"\/><br \/>\n                        <\/a>\n                <\/p>\n<\/p><\/div>\n<p>United Kingdom Sotheby&#8217;s International Realty will benefit from the depth of experience brought by Azar, as his firm has amassed a majority of luxury real estate market share in the <span class=\"xn-location\">United Arab Emirates<\/span>, and access to an extended network of international buyers.&nbsp;<\/p>\n<p>&quot;The integration of LUXHABITAT Sotheby&#8217;s International Realty and United Kingdom Sotheby&#8217;s International Realty combines the expertise and prestige of two prominent real estate firms in the EMEIA region,&quot; said <span class=\"xn-person\">Philip White<\/span>, president and CEO of Sotheby&#8217;s International Realty. &quot;George and his team have achieved record growth consistently over the years and are committed to strategic expansion, which is a strong value for our brand. We greatly look forward to supporting their endeavors.&quot;<\/p>\n<p>&quot;LUXHABITAT Sotheby&#8217;s International Realty in the <span class=\"xn-location\">United Arab Emirates<\/span> has developed a global reputation as a leading player in luxury properties,&quot; said Azar. &quot;Our primary focus at United Kingdom Sotheby&#8217;s International Realty will be to further add value, grow existing market share, and leverage our experience and connections to drive transactions on a local and global level. Through this acquisition, we will be able to offer a unique experience while bringing the same passion and professionalism that clients have come to expect from the firm.&quot;<\/p>\n<p><span class=\"xn-person\">George Azar<\/span> brings more than 15 years of real estate experience to the company. In the last 10 years, LUXHABITAT Sotheby&#8217;s International Realty UAE office has done over AED$22 billion in sales transactions and in 2022, average property transactions were above AED$20 million with numerous high-profile transactions, setting local records. The firm also represents exclusive projects, such as Four Seasons Private Residences, Baccarat Residences, Atlantis the Royal Residences, One&amp;Only Private Homes, One Zabeel, and 1 Residences.<\/p>\n<p>The Sotheby&#8217;s International Realty&reg; network currently has nearly 26,000 affiliated independent sales associates located in over 1,000 offices in 81 countries and territories worldwide. United Kingdom Sotheby&#8217;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&#8217;s brokers and clients will benefit from an association with Sotheby&#8217;s auction house and worldwide Sotheby&#8217;s International Realty marketing programs. Each office is independently owned and operated.<\/p>\n<div class=\"wcag-arialevel-3\" style=\"display: block; font-size: 1.17em; margin-block-start: 1em; margin-block-end: 1em; margin-inline-start: 0px; margin-inline-end: 0px; font-weight: bold;\" role=\"heading\" aria-level=\"3\"><b>Sotheby&#8217;s International Realty <\/b><\/div>\n<p>Sotheby&#8217;s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby&#8217;s auction house. Today, the company&#8217;s global footprint spans more than 1,000 offices located in 81 countries and territories worldwide, including 50 company-owned brokerage offices in key metropolitan and resort markets. In <span class=\"xn-chron\">February 2004<\/span>, Anywhere Real Estate Inc. entered a long-term strategic alliance with Sotheby&#8217;s, the operator of the auction house. The agreement provided for the licensing of the Sotheby&#8217;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&#8217;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&#8217;s auction house, established in 1744. For more information, visit <a href=\"http:\/\/www.sothebysrealty.com\" rel=\"nofollow\">www.sothebysrealty.com<\/a>.&nbsp;<\/p>\n<p>The affiliate network is operated by Sotheby&#8217;s International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby&#8217;s International Realty, Inc.&nbsp; Both entities are subsidiaries of Anywhere Real Estate Inc. (NYSE: HOUS) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby&#8217;s International Realty Affiliates LLC and Sotheby&#8217;s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.<\/p>\n<p><b>Media contact:<br \/><\/b><span class=\"xn-person\">Melissa Couch<\/span><br \/>Senior Manager, Public Relations &amp; Communications<br \/><a href=\"mailto:melissa.couch@sothebys.realty\" target=\"_blank\" rel=\"nofollow noopener\">melissa.couch@sothebys.realty<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p>SOURCE  Sotheby&#8217;s International Realty<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY95276&amp;Transmission_Id=202301241251PR_NEWS_USPR_____NY95276&amp;DateId=20230124\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Acquisition Brings Together LUXHABITAT Sotheby&#8217;s International Realty in Dubai and United Kingdom Sotheby&#8217;s International Realty NEW YORK, Jan. 24, 2023 \/PRNewswire\/ &#8212; Sotheby&#8217;s International Realty&nbsp;today announced that its independently owned and operated affiliate, LUXHABITAT Sotheby&#8217;s International Realty in Dubai, has acquired United Kingdom Sotheby&#8217;s International Realty. The firm is now owned and operated by [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-11751","post","type-post","status-publish","format-standard","hentry","category-sothebys-international-realty"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11751"}],"version-history":[{"count":1,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11751\/revisions"}],"predecessor-version":[{"id":15322,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11751\/revisions\/15322"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}