Company to Establish Real Estate Brokerage Operations in Chile and Dubai
BELLINGHAM, Wash. — May 3, 2022 — eXp Realty®, the fastest-growing global real estate brokerage in the world and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced plans to expand its real estate operations into Chile and Dubai, United Arab Emirates.
This announcement follows successful launches of nine new markets in 2021, and two year-to-date including Dominican Republic and Greece, with New Zealand expected to open this month. Upon launch of these new markets, eXp Realty expects to have a presence in 23 territories, including its headquarters in the United States.
“As we continue to rapidly grow our global footprint, Chile and Dubai represent strategic expansions into the EMEA and CALA regions, where we have already built a strong presence,” said Michael Valdes, President of eXp Global. “Our continued global expansion enables our brokerage to capture incremental market share and provides eXp Realty an opportunity to implement an attractive economic model for both agents and the company.”
Chile is a growing market with a uniquely diverse real estate ecosystem. Dubai, the Gulf region’s trade and tourism hub and host of World Expo, continues to show increasing buyers’ demand while property prices continue to rise. As part of the expansion into the new markets, eXp will hire experienced leaders in each country to head up local teams who will be responsible for agent operations and services.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing real estate tech company in the world with more than 80,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic and Greece and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
For more information, visit https://expworldholdings.com.
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