Real estate industry leaders Qatari Diar, a regional leader in sustainable real estate development, and NorthCourse, a global leisure real estate consulting and asset management company, signed a joint venture agreement today, creating what is poised to be a significant player in luxury real estate brokerage in parts of the Middle East and North Africa region. The company that will be established, Qatar Real Estate Partners, has obtained the exclusive franchise rights for the Sothebys International Realty brand in Qatar, Morocco, Egypt and Oman.
The company, which will market luxury real estate, will be headquartered in Doha, Qatar and expects to initially open Sothebys International Realty offices there and in Casablanca, Morocco. Offices in Cairo, Egypt and Muscat, Oman are planned to follow shortly.
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