Realty Executives expands in the Middle East

Realty Executives International announced franchising rights to six countries of the Middle East’s Gulf Region: United Arab Emirates (UAE), Saudi Arabia, Bahrain, Kuwait, Oman and Qatar.

“The natural resources and destination status of the Gulf Region has positioned it as a major global leader in business and tourism,” says Glenn Melton, CEO of Realty Executives International.

“Being able to tap into that network adds great value to our system of Realtors.”

In a three-year, phased-growth plan, franchise owners Ahmed Alshaer and Eissa Alhateri plan to open 12 brokerage offices with approximately 100 sales reps the first quarter of 2013. The first office will open this quarter in Saudi Arabia followed by a second office in Qatar. Offices in the UAE, Muscat and Oman are slated for 2011; offices in Manama, Bahrain and Kuwait are planned for 2012.

Alshaer, formerly with Realogy for Gulf Council Countries, is currently working in collaboration with the UAE governments to build a standardized MLS.