Media release - Monday 19th September, 2016

Global real estate Superbrand, Raine & Horne, has launched a second office in Dubai, the biggest city in the United Arab Emirates.

Raine & Horne Downtown, which opened in August, will service the apartment markets in the outer suburbs of Dubai, and it will be led by the father and son team of Surender and Rick Bhojwani.

Located in the magnificent Oberoi Centre in Business Bay, Raine & Horne Downtown is offering commercial and residential sales and property management services. It will also be involved in the marketing of residential apartment developments in Dubai.

“The timing for the launch of this new office is perfect with many global investors returning to the Dubai market, especially from the Indian subcontinent. This activity is driving up transaction numbers at the bottom end of the market from 1,650,000.00 AED (A$598,000),” said Bill Russell, General Manager International, Raine & Horne

“Without a doubt Raine & Horne Downtown has hit the ground running selling 30 apartments in its first month of operation, which is a tremendous start for Surender and Rick and their team.”

The early success of Raine & Horne Downtown is attributable to a strong strategy and the experience and expertise of the firm’s principals, according to Mr Russell.

“Surender has been in Dubai for a few years with other businesses and is very well connected. Rick, has lived and worked in Dubai for many years, is American university educated and is a very knowledgeable and effective sales person,” he said.

“Raine & Horne Downtown will be an outstanding partner to the very successful Raine & Horne Dubai, which launched 2 years ago, and has made strong inroads into the real estate markets in the Middle East and North Africa on behalf of our brand.

“The opening of Raine & Horne Downtown is in line with our expansion plans for UAE, which involves the launch of 8-10 offices in Dubai and 40-50 offices in the emirate in total,” said Mr Russell.

For more information about investing in the outer suburbs of Dubai, contact Raine & Horne Downtown on +971 4366 3200 or visit the office at 1504 The Oberoi Centre, Business Bay, Dubai UAE

For further media information contact:

Bill Russell, General Manager International, Raine & Horne on 0411 274 425

Andrew Harrington, National Communications Manager, Raine & Horne on 02 9258 5400

Raine & Horne opens second office in Dubai