SOTHEBY'S INTERNATIONAL REALTY AFFILIATES JOIN FORCES TO CREATE ONE OF THE FOREMOST REAL ESTATE COMPANIES

The Acquisition Brings Together LUXHABITAT Sotheby's International Realty in Dubai and United Kingdom Sotheby's International Realty

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- Sotheby's International Realtytoday announced that its independently owned and operated affiliate, LUXHABITAT Sotheby's International Realty in Dubai, has acquired United Kingdom Sotheby's International Realty. The firm is now owned and operated by George Azar, who is also the CEO of LUXHABITAT Sotheby's International Realty. The firm will continue to operate as United Kingdom Sotheby's International Realty.

United Kingdom Sotheby'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 United Arab Emirates, and access to an extended network of international buyers.

"The integration of LUXHABITAT Sotheby's International Realty and United Kingdom Sotheby's International Realty combines the expertise and prestige of two prominent real estate firms in the EMEIA region," said Philip White, president and CEO of Sotheby's International Realty. "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."