Sotheby’s International Realty Network Expands into Qatar

RISMEDIA, Dec. 14, 2007-Sotheby’s International Realty Affiliates LLC announced its luxury real estate services will be available for the first time in Qatar with the opening of Qatar Sotheby’s International Realty.The firm is owned by Qatar Real Estate Partners through a joint venture between real estate investment and development leader Qatari Diar and global leisure real estate consultant NorthCourse.

“Our expansion into Qatar continues our commitment to provide access to our network’s exclusive real estate services in more countries around the world,” said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Middle East/North Africa region is an exciting market for us, and we are very pleased that consumers around the world will have access to our services here.”

Nasser H. Al-Ansari, chairman, Qatar Real Estate Partners, anticipates that the Sotheby’s International Realty affiliation will attract qualified buyers to his first resort project, Al Houara in Tangiers.

“We are honored to become the only firm in Qatar able to offer the prestigious Sotheby’s International Realty services, and we look forward to being its premier luxury real estate firm in the region,” said Al-Ansari. “Our first project, Al Houara, is a spectacular world-class resort targeted at an international affluent clientele, blending Moroccan culture with European sophistication.”

Al Houara, designed by award winning architects, consists of three five-star hotels, an 18-hole signature golf course, numerous retail and entertainment facilities and more than 1,100 villas and apartments.

For more information, visit www.sothebysrealty.com.