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Winning Streak: Allegiance Real Estate Dominates DAMAC Properties for Q1 2024

Allegiance Real Estate clinches top honors at the prestigious DAMAC Property Awards for the first quarter of 2024, solidifying its position as a market leader in Dubai's real estate sector.

Photo courtesy of Allegiance Real Estate

DUBAI, United Arab Emirates, June 26, 2024 (GLOBE NEWSWIRE) —  Allegiance Real Estate, a premier real estate brokerage firm based in Dubai, has once again emerged as the top broker for DAMAC Properties in the first quarter of 2024. This achievement marks the fourth consecutive quarter of recognition for Allegiance Real Estate, cementing its leadership position in Dubai's competitive real estate market.

DAMAC Properties, known for its luxury real estate offerings across the Middle East since 2002, bestowed this accolade on Allegiance Real Estate, acknowledging the firm's commitment to excellence and its role in shaping the future of Dubai's real estate landscape.

With over 5,000 successful property transactions amounting to AED 20 billion, Allegiance Real Estate has a remarkable customer satisfaction rating of 4.9/5. The company’s CEO, Amr Aboushaban, expressed gratitude for the award and dedicated the win to Allegiance Real Estate's culture of excellence.

This dedication to excellence is evident in the firm's client engagement strategies, such as its monthly international roadshows and accessible online real estate materials. These initiatives have been crucial in attracting local and international investors, empowering them with up–to–date insights to understand the Dubai real estate market better.

Priyanka Jacob, AVP HR at Allegiance Real Estate, states, “At Allegiance Real Estate, we prioritize a culture of excellence where our employees and clients are at the heart of everything we do. By fostering a supportive environment that values both our team members and customers equally, we not only drive repeat business and referrals but also ensure sustainable success.”

Allegiance Real Estate maintains a highly engaged and motivated workforce, recognizing that their passion and commitment are fundamental to their continuous growth and achievement. Jacob shares how each department wholeheartedly embraces this philosophy, working collaboratively to cultivate a thriving and positive organizational culture.

Despite current economic challenges, including rising inflation and fluctuating market conditions, Allegiance Real Estate has continued to thrive by offering a diverse portfolio of properties at various price points and locations. The firm clients range from seasoned investors to first–time buyers.

Allegiance Real Estate is set to be a global leader in real estate as it expands its reach from Dubai to the international stage.

About Allegiance Real Estate

Allegiance Real Estate, an award–winning Dubai–based real estate agency, offers extensive and unbiased real estate brokerage services to an international clientele. As an official brokerage company of DAMAC, it focuses on global outreach and customer education, establishing itself as a reliable partner for global investors exploring the Dubai real estate market. The company's transparency, client–focused approach, and strategic partnerships with leading developers solidify its position as a real estate frontrunner.

Contact Information:

Contact Person's Name: Zoober Ahmed
Position: VP Marketing
Company Name: Allegiance Real Estate
Company website: https://www.aredxb.com/
Contact Email Address: zoober@ALLEGIANCE.AE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3150fb9–3055–49f0–984e–4cf5e02f629c


GLOBENEWSWIRE (Distribution ID 9169436)

eXp World Holdings Nomeia Fred Reichheld para o Conselho Diretor

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) — A eXp World Holdings, Inc. (Nasdaq: EXPI) (a "Empresa") anunciou esta semana a nomeao do criador do Net Promoter System (NPS), Fred Reichheld, para o conselho de administrao da Empresa, a partir de 7 de setembro de 2023.

" com muita honra que damos as boas–vindas a Fred Reichheld ao nosso Conselho Diretor", disse Glenn Sanford, Fundador, CEO e Diretor da eXp World Holdings. "Para as empresas que valorizam a satisfao e a lealdade dos clientes e funcionrios, como ns, o Net Promoter System perfeito. A realizao de pesquisas regulares de NPS com nossos agentes e funcionrios desde 2016 tem sido fundamental para a nossa misso centrada no agente, e Fred compartilhou sua sabedoria com nossa equipe na Reunio com Acionistas deste ano. Estou muito feliz em t–lo no nosso Conselho de Administrao e estou pronto para este nosso trabalho conjunto."

Alm de criar o sistema NPS, Reichheld um palestrante bem conhecido e autor de best–sellers. Seu livro mais recente, "Winning on Purpose: The Unbeatable Strategy of Loving Customers", explica como o NPS ajuda as empresas a se tornarem verdadeiramente centradas no cliente, terem um crescimento lucrativo atravs da converso sistemtica de mais clientes em promotores, e menos negativos. Ele membro da Bain & Company e fundador da sua prtica de Fidelidade. Ele se formou com honras no Harvard College (BA, 1974) e na Harvard Business School (MBA, 1978).

Simultaneamente nomeao de Reichheld, Sir Darren Jacklin deixar o cargo, mas continuar a atuar no Conselho Diretor da eXp Realty Canada. Aps essas mudanas, o conselho da eXp World Holdings passar a contar com sete diretores, quatro dos quais so independentes. Jacklin atuou no Conselho de Administrao da eXp World Holdings durante quase 10 anos.

"Darren tem sido parte integrante desta empresa, e temos a sorte de ter sua viso e liderana contnuas no Conselho de Administrao da eXp Canada", disse Sanford. "Gostaria de agradecer pessoalmente a ele por toda a sua contribuio durante todos esses anos. Sua experincia com visitas a quatro continentes e mais de 50 pases para orientar empreendedores e proprietrios de empresas quanto a estratgias especficas e mensurveis projetadas voltadas para o sucesso ser de grande valia para ns. A eXp Canada se beneficiar muito com a sua experincia e sabedoria.”

Sobre a eXp World Holdings, Inc.

A eXp World Holdings, Inc. (Nasdaq: EXPI) a holding da eXp Realty , Virbela e SUCCESS Enterprises.

A eXp Realty a maior empresa imobiliria independente do mundo, com mais de 88.000 agentes nos Estados Unidos, Canad, Reino Unido, Austrlia, frica do Sul, ndia, Mxico, Portugal, Frana, Porto Rico, Brasil, Itlia, Hong Kong, Colmbia, Espanha, Israel, Panam, Alemanha, Repblica Dominicana, Grcia, Nova Zelndia, Chile, Polnia e Dubai alm de continuar a crescer em todo o mundo. Como uma empresa de capital aberto, a eXp World Holdings oferece aos profissionais do setor imobilirio a oportunidade nica de ganhar prmios de capital por metas de produo e contribuies para o crescimento geral da empresa. A eXp World Holdings e suas empresas oferecem um conjunto completo de solues tecnolgicas de corretagem e imobiliria, incluindo seu inovador modelo de corretagem residencial e comercial, servios profissionais, ferramentas colaborativas e desenvolvimento pessoal. A corretora na nuvem tem por base a Virbela, uma plataforma 3D imersiva profundamente social e colaborativa, que permite que os agentes sejam mais conectados e produtivos. A SUCCESS Enterprises, ancorada pela revista SUCCESS e seus ativos de mdia, foi fundada em 1897 e uma marca e publicao lder em desenvolvimento pessoal e profissional.

Para mais informao, visite https://expworldholdings.com.

Declarao de Previso

As declaraes de previso contidas neste documento, podem incluir expectativas futuras ou outras declaraes de previso que tm por base a atual opinio e suposies da administrao que envolvem riscos e incertezas conhecidos e desconhecidos que podem fazer com que os resultados reais sejam substancialmente diferentes dos resultados previstos. As declaraes de previso so vlidas apenas a partir da presente data, e a empresa no tem nenhuma obrigao de atualizar ou revisar tais declaraes. Tais declaraes no so garantias de desempenho futuro. Fatores importantes que podem fazer com que os resultados reais sejam material e adversamente diferentes dos expressos nas declaraes de previso incluem, mudanas nos negcios ou outras condies de mercado; dificuldade de manter o crescimento das despesas em nveis modestos e, ao mesmo tempo, de aumentar a receita; e outros riscos detalhados ocasionalmente nos registros da Comisso de Valores Mobilirios da empresa, incluindo, mas no se limitando ao Relatrio Trimestral protocolado mais recentemente no Formulrio 10–Q e no Relatrio Anual no Formulrio 10–K.

Contato de Relaes com a Mdia:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Contato de Relaes com Investidores:

Denise Garcia

investors@expworldholdings.com

Foto deste comunicado disponvel em https://www.globenewswire.com/NewsRoom/AttachmentNg/097fbd03–129c–44d0–bb81–073f4d26b3a7


GLOBENEWSWIRE (Distribution ID 8918661)

eXp World Holdings accueille Fred Reichheld au sein de son conseil d'administration

BELLINGHAM, Washington, 07 sept. 2023 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq : EXPI) (la Socit ) a annonc cette semaine l'intgration de Fred Reichheld, crateur du Net Promoter System (NPS), au sein du conseil d'administration de la Socit, en date effective du 7 septembre 2023.

Nous sommes honors d'accueillir Fred Reichheld au sein de notre conseil d'administration , a dclar Glenn Sanford, fondateur, prsident et directeur gnral d'eXp World Holdings. Pour les socits comme la ntre, qui accordent de l'importance satisfaction de leurs clients et de leurs employs, le Net Promoter System est comparable au Saint Graal. Nous menons rgulirement des enqutes NPS auprs de nos agents et de notre personnel depuis 2016, et cela joue un rle crucial en vue d'accomplir notre mission centre sur les agents. Par ailleurs, Fred a partag sa sagesse avec notre quipe lors du Sommet des actionnaires de cette anne. Je suis ravi de le voir rejoindre notre conseil d'administration et impatient de travailler encore plus troitement avec lui.

En plus d'avoir cr le systme NPS, M. Reichheld est un confrencier convoit et auteur de best–sellers. Son tout dernier livre, Winning on Purpose: The Unbeatable Strategy of Loving Customers , explique comment le NPS aide les entreprises s'axer vritablement sur leurs clients et bnficier ainsi d'une croissance profitable en convertissant systmatiquement davantage de clients en promoteurs, et de moins en moins d'entre eux en dtracteurs. C'est actuellement un Bain & Company Fellow et c'est le fondateur de leur pratique Loyalty. Il a obtenu ses diplmes avec mention tant au Harvard College (une licence en 1974) qu' la Harvard Business School (un MBA en 1978).

Simultanment avec la nomination de M. Reichheld, Sir Darren Jacklin quittera son poste mais continuera de servir le conseil d'administration d'eXp Realty Canada. Suite ces changement, le conseil d'administration d'eXp World Holdings comprendra sept administrateurs, dont quatre indpendants. M. Jacklin a servi le conseil d'administration d'eXp World Holdings pendant prs de 10 ans.

Darren a t une part intgrante de cette entreprise, et nous avons de la chance de continuer bnficier de ses connaissances et de son leadership au sein du conseil d'administration d'eXp Canada , a comment M. Sanford. J'aimerais le remercier personnellement pour toutes ses contributions au fil des ans. Son exprience acquise en voyageant sur quatre continents et dans plus de 50 pays, o il a jou le rle de mentor auprs d'entrepreneurs et de chefs d'entreprise pour les conseiller sur des stratgies spcifiques et mesurables qui leur permettraient de russir, a t un excellent atout pour nous. eXp Canada bnficiera grandement de son exprience et de sa sagesse.

propos d'eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq : EXPI) est la socit holding d'eXp Realty , Virbela et SUCCESS Enterprises.

eXp Realty est la plus grande socit immobilire indpendante dans le monde avec plus de 88 000 agents aux tats–Unis, au Canada, au Royaume–Uni, en Australie, en Afrique du Sud, en Inde, au Mexique, au Portugal, en France, Porto Rico, au Brsil, en Italie, Hong Kong, en Colombie, en Espagne, en Isral, au Panama, en Allemagne, en Rpublique dominicaine, en Grce, en Nouvelle–Zlande, au Chili, en Pologne et Duba, et elle continue de se dvelopper l'chelle internationale. En tant que socit cote en bourse, eXp World Holdings fournit aux professionnels immobiliers l'opportunit unique d'obtenir des primes en actions en fonction de leurs objectifs de production et de leur contribution la croissance globale de l'entreprise. eXp World Holdings et ses entreprises offrent une gamme complte de solutions technologiques en matire de courtage et d'immobilier, y compris son modle innovant de courtage rsidentiel et commercial, ses services professionnels, ses outils de collaboration et son dveloppement personnel. Le service de courtage bas sur le cloud est aliment par Virbela, une plateforme 3D immersive profondment sociale et collaborative, permettant aux agents d'tre plus connects et productifs. SUCCESS Enterprises, ancre par le magazine SUCCESS et ses proprits mdiatiques connexes, a t cre en 1897 et est une marque ainsi qu'une publication de premier plan dans le domaine du dveloppement personnel et professionnel.

Pour tout complment d'information, veuillez consulter le site https://expworldholdings.com.

noncs prospectifs

Les noncs contenus dans les prsentes peuvent inclure des noncs de futures attentes et d'autres noncs prospectifs se basant sur les opinions et suppositions actuelles de la direction et impliquent des risques connus et inconnus ainsi que des incertitudes pouvant causer une diffrence substantielle entre les rsultats, performances ou vnements rels et ceux exprims ou sous–entendus dans ces noncs. Ces noncs prospectifs sont valables uniquement la date indique dans les prsentes, et la socit n'assume aucune obligation de les rviser ou de les mettre jour. Ces noncs ne sont pas des garanties de performances futures. Des facteurs importants pouvant causer une diffrence substantielle et dfavorable entre les rsultats rels et ceux exprims dans les noncs prospectifs comprennent les changements commerciaux ou d'autres conditions du march ; la difficult de maintenir la hausse des dpenses des niveaux modestes tout en augmentant les recettes ; et les autres risques dtaills de temps autre dans les dpts de la socit auprs de la Securities and Exchange Commission, y compris, sans s'y limiter, le rapport trimestriel le plus rcemment dpos sur formulaire 10–Q et le rapport annuel sur formulaire 10–K.

Contact des relations avec les mdias :

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Contact des relations avec les investisseurs :

Denise Garcia

investors@expworldholdings.com

Une photo accompagnant ce communiqu de presse est disponible l'adresse https://www.globenewswire.com/NewsRoom/AttachmentNg/097fbd03–129c–44d0–bb81–073f4d26b3a7


GLOBENEWSWIRE (Distribution ID 8918661)

eXp World Holdings beruft Fred Reichheld in den Vorstand

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI) (das "Unternehmen") gab diese Woche die Berufung von Fred Reichheld, dem Erfinder des Net Promoter –Systems (NPS) in den Vorstand des Unternehmens mit Wirkung zum 7. September 2023 bekannt.

"Wir fhlen uns geehrt, Fred Reichheld in unserem Vorstand willkommen zu heien", so Glenn Sanford, Grnder, CEO und Vorsitzender von eXp World Holdings. "Fr Unternehmen, die wie wir groen Wert auf die Zufriedenheit und Loyalitt von Kund*innen und Mitarbeiter*innen legen, ist das Net Promoter–System der heilige Gral. Die regelmigen NPS–Umfragen, die wir seit 2016 bei unseren Makler*innen und Mitarbeiter*innen durchfhren, sind zur Erfllung unserer Makler–orientierten Mission von entscheidender Bedeutung. Fred Reichheld teilte seine umfassende Fachkompetenz mit unserem Team auf dem diesjhrigen Shareholder Summit. Ich freue mich sehr ber seine Berufung in den Vorstand und die knftig noch engere Zusammenarbeit."

Fred Reichheld hat nicht nur das NPS–System entwickelt, er ist auch ein gefragter Redner und Bestsellerautor. In seinem neuesten Buch "Winning on Purpose: The Unbeatable Strategy of Loving Customers" (Die unschlagbare Strategie der Kundenliebe) erlutert er, wie das NPS es Unternehmen ermglicht, echte Kundenfokussierung zu erreichen und profitables Wachstum zu erzielen, indem die Unternehmen systematisch mehr Kunden zu Promotern machen und die Zahl der Kritiker verringern. Fred Reichheld ist derzeit Fellow der Bain & Company und Grnder der Loyalty Practice des Unternehmens. Er schloss sowohl das Harvard College (B.A., 1974) als auch die Harvard Business School (M.B.A., 1978) mit Auszeichnung ab.

Gleichzeitig mit der Ernennung Reichhelds wird Sir Darren Jacklin aus dem Vorstand ausscheiden, aber weiterhin im Vorstand von eXp Realty Canada ttig sein. Mit Inkrafttreten dieser nderungen setzt sich der Vorstand von eXp World Holdings aus sieben Mitgliedern, davon vier unabhngigen Mitgliedern, zusammen. Sir Darren Jacklin war fast 10 Jahre lang Vorstandsmitglied von eXp World Holdings.

"Darren Jacklin hat dieses Unternehmen mageblich geprgt und wir sind froh, dass er auch weiterhin im Vorstand von eXp Canada ttig ist", so Sanford. "Ich mchte ihm persnlich fr die vielen Beitrge danken, die er im Laufe der Jahre geleistet hat. Seine Erfahrung, die er auf vier Kontinenten und in ber 50 Lndern gesammelt hat, um Unternehmern und Geschftsinhabern spezifische und messbare Strategien fr ihren Erfolg zu vermitteln, war ein groer Gewinn fr uns. eXp Canada wird von seiner Erfahrung und profunden Expertise sehr profitieren."

ber eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) ist die Holdinggesellschaft von eXp Realty , Virbela und SUCCESS Enterprises.

eXp Realty ist mit mehr als 88.000 Maklerinnen und Maklern in den Vereinigten Staaten, Kanada, dem Vereinigten Knigreich, Australien, Sdafrika, Indien, Mexiko, Portugal, Frankreich, Puerto Rico, Brasilien, Italien, Hongkong, Kolumbien, Spanien, Israel, Panama, Deutschland, der Dominikanischen Republik, Griechenland, Neuseeland, Chile, Polen und Dubai das grte unabhngige Immobilienunternehmen der Welt und expandiert international weiter. Als brsennotiertes Unternehmen bietet eXp World Holdings Immobilienfachleuten die einzigartige Mglichkeit, Aktienprmien fr Produktionsziele und Beitrge zum Gesamtwachstum des Unternehmens zu erhalten. eXp World Holdings und seine Unternehmen bieten ein umfassendes Angebot an Makler– und Immobilientechnologielsungen, darunter ein innovatives Maklermodell fr Wohn– und Gewerbeimmobilien, professionelle Dienstleistungen, Tools fr die Zusammenarbeit und persnliche Entwicklung. Das Cloud–basierte Maklerunternehmen wird von Virbela untersttzt, einer immersiven 3D–Plattform mit sehr sozialer und kollaborativer Ausrichtung, die es den Makler*innen ermglicht, besser vernetzt und produktiver zu sein. SUCCESS Enterprises, verankert durch die Fachzeitschrift SUCCESS und die dazugehrigen Medien, wurde 1897 gegrndet und ist eine fhrende Marke und Publikation fr persnliche und berufliche Entwicklung.

Weitere Informationen finden Sie unter https://expworldholdings.com.

"Safe Harbor"–Erklrung

Die Aussagen in dieser Pressemitteilung knnen Aussagen zu zuknftigen Erwartungen und andere zukunftsgerichtete Aussagen enthalten, die auf den gegenwrtigen Ansichten und Annahmen des Managements beruhen und bekannte sowie unbekannte Risiken und Ungewissheiten beinhalten, die dazu fhren knnen, dass die tatschlichen Ergebnisse, Leistungen oder Ereignisse wesentlich von den in diesen Aussagen ausgedrckten oder implizierten abweichen. Diese zukunftsgerichteten Aussagen gelten nur zum Zeitpunkt der Verffentlichung dieses Dokuments, und das Unternehmen verpflichtet sich nicht, sie zu berarbeiten oder zu aktualisieren. Diese Aussagen sind keine Garantie fr knftige Leistungen. Zu den wichtigen Faktoren, die dazu fhren knnen, dass die tatschlichen Ergebnisse wesentlich und nachteilig von den in den zukunftsgerichteten Aussagen zum Ausdruck gebrachten Ergebnissen abweichen, gehren nderungen der Geschfts– oder sonstigen Marktbedingungen, die Schwierigkeit, das Kostenwachstum auf moderatem Niveau zu halten und gleichzeitig die Einnahmen zu steigern, sowie andere Risiken, die von Zeit zu Zeit in den bei der Securities and Exchange Commission eingereichten Unterlagen des Unternehmens, darunter dem zuletzt eingereichten Quartalsbericht auf Formular 10–Q und dem Jahresbericht auf Formular 10–K, beschrieben werden.

Medienkontakt:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Anlegerkontakt

Denise Garcia

investors@expworldholdings.com

Ein Foto zu dieser Mitteilung ist verfgbar unter https://www.globenewswire.com/NewsRoom/AttachmentNg/097fbd03–129c–44d0–bb81–073f4d26b3a7


GLOBENEWSWIRE (Distribution ID 8918661)

eXp World Holdings Appoints Fred Reichheld to Board of Directors

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI) (the "Company") this week announced the appointment of Net Promoter System (NPS) creator Fred Reichheld to the Company's board of directors, effective Sept. 7, 2023.

"We are honored to welcome Fred Reichheld to our Board of Directors," said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings. "For companies that value customer and employee satisfaction and loyalty, as we do, the holy grail is the Net Promoter System. Conducting regular NPS surveys with our agents and staff since 2016 is core to delivering on our agent–centric mission, and Fred shared his wisdom with our team at this year's Shareholder Summit. I am thrilled to have him on our Board of Directors and look forward to working even more closely together."

In addition to creating the NPS system, Reichheld is a sought–after speaker and best–selling author. His most recent book, "Winning on Purpose: The Unbeatable Strategy of Loving Customers," explains how NPS helps companies become truly customer–centric, experiencing profitable growth through systematically converting more customers into promoters and fewer into detractors. He is currently a Bain & Company Fellow and founder of their Loyalty practice. He graduated with honors both from Harvard College (B.A., 1974) and Harvard Business School (M.B.A., 1978).

Concurrent with Reichheld's appointment, Sir Darren Jacklin will step down but continue to serve on the eXp Realty Canada Board of Directors. Following these changes, the eXp World Holdings board will comprise seven directors, four of whom are independent. Jacklin served on the eXp World Holdings Board of Directors for nearly 10 years.

"Darren has been an integral part of this company, and we are fortunate to have his continued insight and leadership on the eXp Canada Board of Directors," said Sanford. "I would like to personally thank him for all his many contributions over the years. His experience traveling to four continents and over 50 countries mentoring entrepreneurs and business owners on specific and measurable strategies designed to build their success was a great asset to us. eXp Canada will greatly benefit from his experience and wisdom."

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 largest independent real estate company in the world with more than 88,000 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, Greece, New Zealand, Chile, Poland and Dubai 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.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward–looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward–looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward–looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10–Q and Annual Report on Form 10–K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/097fbd03–129c–44d0–bb81–073f4d26b3a7


GLOBENEWSWIRE (Distribution ID 8917806)

Luxury Portfolio International Releases State of Luxury Real Estate Report 2022

Number of Luxury Real Estate Sellers Increases Globally; Some Buyers Expressing FOMO (Strong Fear of Missing Out); Sustainability "Critically Important' Among Affluent Buyers Worldwide

Latest Report Comprises Data from Top 1–5% Bracket Surveyed Across 20 Countries, Representing an Affluent Population of Almost 32 Million Households

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) — Luxury Portfolio International (LPI), the world's premier network of luxury residential real estate brokerages, is pleased to share the results of its 2022 State of Luxury Real Estate Report (SOLRE). The study comprises data from individuals in the top 1% to 5% income bracket across 20 countries, and touches on a broad range of topics crucial to the global luxury residential real estate market.

Most notably, the LPI report reveals a continuation of dominating home purchasing–related trends that began during Q3 2020 and continued throughout all of 2021, showing that demand for luxury real estate remains high; price increases expected to continue; supply remains lower than demand; time–on–the–market for luxury single–family homes often continues to "last just hours"; and sustainability is "Critically Important' (66 percent) when considering future home purchases.

The study also shows an increase in the number of affluent sellers of residential real estate worldwide; that among luxury homes buyers, the majority (74 percent) shared strong feelings of a personal economic confidence and still 75 percent are significantly concerned that their discretionary spending power could be tested soon.

And while 2022 is expected to continue at a fast pace, there are signs that the luxury residential real estate market will be increasingly stabilizing, a crucial step to avoid complications for a long–term, super–heated market.

With 75 percent of luxury home buyers choosing their next home with environmental sustainability headlining a broad range of findings from a study of the world's affluent households by Luxury Portfolio International (LPI), 2021 ends as one of the most robust luxury residential real estate markets in history.

"After a record–breaking year in luxury real estate, we anticipate that some balance will be restored to the market," said Mickey Alam Khan, President of LPI. "It is important to view the luxury market over a trajectory of several years, noting that half of 2020 was in paralysis due to the pandemic. The red–hot market that began in the latter part of 2020 continued into 2021 and will continue a positive trajectory into 2022. The difference will be that there will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller's market. The pandemic madness that drove us to an over–heated market is being normalized. Demand will remain strong, and a healthy, new normal in luxury real estate will start to take hold in 2022."

Sustainability, according to the study, is now a major differentiator in luxury homes, and buyers are willing to pay a premium to have features and amenities that better prepare them for the future. 75 percent of those surveyed noted choosing their next home with sustainability in mind, with an unprecedented 90 percent noting "yes" as to factoring sustainability in relation to a Next Chapter in Life home search. According to the study, a "Next Chapter in Life" home search pertains to those moving to be closer to family, because of their children's education, a career move, and other mitigating factors.

People interested in sustainability as a major factor of their home purchase are 71 percent more likely to view the purchase as a legacy home that will be passed on to their heirs. Further, as interest in sustainability grows, the quality of the buyer improves for the benefit of the seller, in that this buyer wants to transact sooner and for a relatively higher budget.

FOMO, or Fear of Missing Out is the feeling of anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media. With a year at home and headlines touting the hot market, FOMO has become a significant concern for 26 percent of luxury buyers. FOMO manifests in different ways, first as a true "missed the boat" moment where prices extend beyond reach. A second concern "" equally impactful "" is arranging finances for major purchases.

While COVID–19 remains a significant concern, the study revealed that the market has already accounted for much of its effects. This compared to last year when the top trend in luxury real estate was finding a home that would accommodate the family that works from home.

That said, according to the study, working from home, is wearing on a substantial percentage of luxury home buyers. The Study revealed that 27 percent of luxury buyers cited working from home as a "significant concern.' Remote work and the associated frustration and stress of being home continues to play a significant role in the purchase decision process.

Buyers concerned about de–stressing their work–from–home environment noted diversions such as entertainment at home, night life nearby, and relaxation–inducing amenities like a spa/hot tub, a specialty cocktail scale, and specialty rooms for media and gaming.

Additional key findings from the research include:

  • Globally, the affluent class remains highly interested in purchasing residential real estate at any price, with a 33 percent increase year–over–year. There is no doubt that 2021 will end with a backlog of buyers, setting up 2022 as another strong year for luxury real estate.
  • Over 14 million affluent households remain interested in buying a residence, of which 6.4 million are in the luxury category. An additional 1.2 million luxury homeowners have found an interest in selling in the next 3 years, up 32 percent from last year. Record valuations no doubt play a key role in this decision.
  • Working together, these factors indicate global price stabilization and market normalization is in store for 2022 and beyond. What once appeared to be a wide chasm between the number of potential buyers and sellers (10.3MM buyers and 4.0MM sellers) is moving appropriately towards equilibrium (6.4MM buyers and 5.2MM sellers).
  • The global trend for residential real estate demand will continue to grow in 2022. The percentage of individuals in the market to purchase residential real estate by the end of 2022 increased from 19 percent in 2021 to 39 percent in 2022 in Europe, and from 30 percent in 2021 to 37 percent in 2022 in Asia/Pacific. 46 percent of those surveyed from the Middle East, specifically consumers from Saudi Arabia and the UAE have the greatest interest in acquiring residential real estate, as those individuals continue to diversify their holdings. North America shows modest growth from 21 percent in 2021 to 25 percent in 2022.
  • Luxury homeowners are coming around to selling. With new construction experiencing delays due to the challenges with goods and services, there is a consistent interest in existing homes. However, owners were not necessarily in the market to sell last year, and consequently the lack of inventory has been a significant price driver in most luxury markets. Now, it seems that luxury owners are convinced that the iron is hot and their interest in selling has increased by more than double (to 28 percent from 11 percent). In fact, 71 percent of owners believe their home value will increase this year, creating a strong incentive to sell. The average luxury homeowner expects an increase of approximately 4""5 percent compared to 3""4 percent last year.
  • Psychologically it remains a seller's market. In practice, we can expect a more balanced ratio of buyers and sellers in the years to come. As affluent consumers participate in the residential market, luxury–residence seekers are down 58 percent in 2021 (from 34 percent to 20 percent of the total affluent), while conversely, in this delicate balancing act, the number of luxury sellers is on the rise by 26 percent (up to 16 percent from 13 percent of the total affluent).
  • While the flight to suburbia has been a major COVID headline, the research reveals that city–center luxury residential real estate is alive–and–well. Over half of luxury buyers worldwide (55 percent) expect to buy their next residence in a city and 77 percent will be within commuting range. Notably, Asia–Pacific luxury buyers are significantly more likely to buy in the city center than their global counterparts.
  • Single–family home popularity surges beyond North America. The research revealed that the popularity of single–family homes is growing on a global scale, with 40 percent of Europe/Middle East buyers and 29 percent of Asia–Pacific buyers seeking the luxury of additional space and privacy. Year on year, demand for this type of housing is increasing as, collectively, shared living spaces are becoming less attractive to the luxury buyer. North America remains the top driver for demand of this type of residence.
  • A new class of entry–level luxury buyer enters the market. Across the full spectrum of affluent consumers, there is greater interest in purchasing real estate under $1 million. This signals a resurgence of upper–middle class buyers who delayed in purchasing due to the pandemic, or who are now willing and able to acquire. Consequently, this is creating an increase in the number of entry–level luxury buyers, up to 44 percent from 39 percent in the USD 1–1.9 million range. This democratic luxury–for–the–many effect is most pronounced in North America and less so in Asia Pacific and Europe/Middle East, where the wealthy class tends to skew toward relatively small groups of people with very high concentrations of wealth.

For additional information, and access to the report, click here: State of Luxury Real Estate 2022.

ABOUT LUXURY PORTFOLIO INTERNATIONAL (LPI)
Luxury Portfolio International (luxuryportfolio.com) is the leading network of the world's premier luxury real estate brokerages and their top agents, offering unparalleled marketing and intelligence services across the globe. It is the luxury arm of Leading Real Estate Companies of the World the global network of top independent real estate firms, with 550 companies and 150,000 sales associates in 70 countries. Last year, network members participated in over 1.3 million global transactions. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.

Source: Luxury Portfolio International

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GLOBENEWSWIRE (Distribution ID 8403637)

Historic office tower becomes namesake of legendary architect Arthur Erickson

VANCOUVER, British Columbia, Sept. 26, 2021 (GLOBE NEWSWIRE) — In what is considered a rare honour for an architect, Vancouver's historic MacMillan Bloedel building "" one of Canada's most recognized and awarded office towers "" officially rebranded to Arthur Erickson Place. Globally celebrated architect Arthur Erickson created the striking Modernist tower for forestry giant MacMillan Bloedel in the 1960s. The structure, made of reinforced bare concrete, rises above a spacious public plaza with reflecting pools that span the building's length.

"It is rare for an architect to be honoured in this way, and I know that Arthur would be very proud to have the building carry his name, as it encapsulates all he strove to achieve architecturally," said Erickson's nephew, Christopher Erickson. "The building's classic beauty and clarity of structure expresses the ruggedness of our land and majesty of our forests with a powerful cadence that tapers into infinity as it rises from its roots."

The 27–storey building "" the tallest in Vancouver when it was completed in 1968 "" became a multi–award–winning national heritage landmark due to its construction technique of cast–in–place concrete, striking aesthetics of tapered walls and deeply recessed windows, and association with Erickson and MacBlo, which at the time was Canada's largest forestry company.

"Arthur was very proud of this building "" it was one of his favourites," said Geoffrey Erickson about his uncle, who was known as the Master of Concrete. "This building is bold and daring and broke new ground in engineering, office planning and the use of concrete."

Erickson and his bold design were featured in Time magazine in the 1960s and the building won the esteemed 1970 Massey Medal for Architecture, among many other awards.

Now 53–years–old, the distinguished concrete building has continued to be called MacBlo even though the company ceased to exist 22 years ago. Two years ago, KingSett Capital, Crestpoint Real Estate Investments, and Reliance Properties jointly bought the building with a plan to reestablish it as the premier corporate office location in downtown Vancouver.

"It is time to give this powerful, monolithic office building its due place on Vancouver's skyline by branding it after Arthur Erickson in honour of his excellence," said Jon Stovell, president & CEO of Reliance Properties. "With its heritage distinction, central downtown location, and strong visual identity, Arthur Erickson Place will continue to be the address with cachet."

Designs in the Middle East

Erickson was born in Vancouver and became a globally celebrated modernist architect and master planner. Approximately 40 of his designs can be found across the Middle East, many of them large–scale public projects including masterplans, universities, and museums.

He designed only nine office buildings in his vast global portfolio of 700 designs. Two of those office buildings are in downtown Vancouver "" Evergreen Building and Arthur Erickson Place, both of which are listed on Canada's heritage registry.

"Arthur Erickson Place is an iconic presence in the heart of Vancouver, expressed with timeless repose and finesse," said Christopher Erickson. "Arthur always said that the mind was at the service of the heart. This is evidenced in the sublime artistry of Arthur Erickson Place."

Erickson died in 2009 at age 84.

**Media Inquiries: Renu Bakshi 604 787 1873 or renu@renubakshi.com

Ownership Profiles

KingSett Capital is Canada's leading private equity real estate investment firm. Founded in 2002, KingSett has raised $12.5 billion of equity for its Growth, Income, Urban, Mortgage and Affordable Housing strategies, executing over $50 billion in transactions life to date. Currently, KingSett has $16.2 billion of assets under management in a $19 billion portfolio. KingSett continues to seek further opportunities to invest in a wide range of real estate properties, developments, joint ventures and mortgage lending. www.kingsettcapital.com

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager, with approximately $6.3 billion of gross assets under management, dedicated to providing investors with direct access to commercial real estate assets. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi–boutique asset management company that provides investment management products and services to institutional and high net–worth clients. With offices across Canada and in Chicago, New York and London, Connor, Clark & Lunn Financial Group and its affiliates are collectively responsible for the management of over $100 billion in assets. www.crestpoint.ca

Reliance Properties, a family–owned company founded in 1955, is one of BC's longest–serving real estate owners, developers, and property managers of residential, office, live–work, and retail properties. The company holds the largest private portfolio of heritage buildings in Western Canada, winning multiple regional and national awards for design, innovation, and architectural heritage renewal. Reliance's extensive work also includes award–winning heritage restoration and modern additions to commercial space. www.relianceproperties.ca

Photos accompanying this announcement are available at

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GLOBENEWSWIRE (Distribution ID 8332103)