Skip to main content

Warren Buffett Bets on Dubai Real Estate

Phil Hall
Apr 29, 2019
Photo credit: Getty Images/alan64

Warren Buffett has looked at the future of real estate and he is staking a claim in a market that has been plagued with problems for the past five years.
 
According to a Bloomberg report, Buffett’s Berkshire Hathaway is opening an office in Dubai. The choice of this Middle Eastern emirate might seem a bit unusual, considering its real estate market has been in slump since hitting a peak in October 2014, and S&P Global Ratings forecast that it expected the local real estate prices to decline by up to 10 percent this year. Nonetheless, the newly announced Berkshire Hathaway HomeServices Gulf Properties will be led by Chairman Ihsan Husein Al Marzouqi and Chief Executive Officer Phil Sheridan, who will be supported by a 30-member staff.
 
“Dubai has been a top priority for our network’s global expansion," said Berkshire Hathaway HomeServices Chairman Gino Blefari. “Gulf Properties will connect our growing brokerage network between East and West.”

 
Published
Apr 29, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021