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Warren Buffett bets on Dubai property as market extends slump

Berkshire Hathaway Inc. first acquired a stake in HomeServices of America as part of the purchase of an energy business in 2000

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File photo of Warren Buffett | Photo: Reuters

Shaji Mathew | Bloomberg
Warren Buffett’s real estate brokerage is expanding into the Middle East with an office in Dubai.

Berkshire Hathaway HomeServices Gulf Properties will be led by Chairman Ihsan Husein Al Marzouqi and Chief Executive Officer Phil Sheridan. It will have a team of 30 advisers and support staff, according to a statement. “Gulf Properties aspires to grow quickly by tripling its advisor count and opening a second office in Abu Dhabi within a year," it said.
 
Berkshire Hathaway HomeServices in November teamed up with London-based Kay & Co., its second franchisee in Europe, after Rubina Real Estate in Berlin. The company said

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First Published: Apr 28 2019 | 3:04 PM IST

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