Warren Buffett’s real estate brokerage Berkshire Hathaway HomeServices has plans to open an office in Dubai.
“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,” said Gino Blefari, Berkshire Hathaway HomeServices chairman. “Gulf Properties will connect our growing brokerage network between East and West.”
The firm also has plans to open a second United Arab Emirates office in Abu Dhabi.
Berkshire Hathaway HomeServices Gulf Properties will be led by Ihsan Husein Al Marzouqi, chairman, and Phil Sheridan, CEO. They will have a team of 30 advisers and support staff.
Berkshire Hathaway first acquired a stake in HomeServices of America as part of the purchase of its parent company, an energy business, in 2000. It began operations as Berkshire Hathaway HomeServices in 2013 and has about 50,000 advisers and 1,450 offices.
