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Warren Buffett’s property arm launches its luxury homes division in UAE

admin by admin
January 16, 2021
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Warren Buffett’s property arm launches its luxury homes division in UAE
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Stock Palm Jumeirah
Whether or not on the Palm or Dubai Hills, $5 million plus properties are increase regular demand amongst buyers, particularly from abroad, in current weeks.
Picture Credit score: Shutterstock

Dubai: One of many largest names within the international actual property house desires to promote properties of $5 million and extra within the UAE. Berkshire Hathaway HomeServices’ Gulf enterprise has launched its luxurious assortment division, whilst the highest finish of the native market sees extra shopping for exercise in current weeks.

“There may be rising demand for luxurious properties in Dubai’s present actual property market,” mentioned Dounia Fadi, Chief Working Officer. “With our current high-value transactions in areas like Emirates Hills, Palm Jumeirah, Bulgari Residence and Bluewaters Islands, we really feel assured we’re shifting our company in the best path.”

It was in 2019 that the corporate – a part of the Warren Buffett empire – moved into the UAE property house.

In keeping with Chris Stuart, CEO at Berkshire Hathaway HomeServices, “The demand for extravagant estates will proceed into 2021 – and with the brokerage’s entry to the posh property phase for which Dubai naturally attracts, it should definitely excel in offering purchasers with a seamless expertise when buying a luxurious residence priced within the prime 10 per cent of Dubai’s native market.”



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