PH Real Estate heralds new era in real estate offerings with new investors and retirement of CEO, Myles Bush
PH Real Estate, one of Dubai’s oldest and most well-respected real estate brokers, is once again creating industry ripples with news of a large seven-figure purchase of 50% shares of its of co-founder Myles Bush.
Myles is proudly ‘retiring’ just before becoming a first-time father.
Established in 2008, the well-regarded company is the name behind many milestones – Dubai’s most expensive villa sale in 2017; the most expensive land sale in 2018 and the most expensive rental property in 2019.
Managing Director Nick Grassick, who joined PH Real Estate seven years ago and remains as MD and partner says: “Myles and I have had a fantastic run and we shall certainly all miss him. As we move into an exciting new era for PH Real Estate, I’m delighted that our new partners share the values that Myles and I began the company with – trust, integrity and transparency.”
One of the two new partners is real estate expert and serial entrepreneur Mamad Kashani-Akhavan. Mamad says: “I have spent my entire career investing in highly successful ventures and PH stands out as a growing business built on admirable values and a strong vision of what it needs to do to keep growing. I myself started my own real estate brokerage at just 18 and managed to sell a property in Knightsbridge, London for a record-breaking £1 million in 1984, so our values certainly align.”
The other new partner is Vahid Mazaherioun. Vahid was born in 1976 into a well-known entrepreneurial family in Iran. His father was one of the most successful importers of consumer products of his generation. Vahid graduated in 1993 from one of the top universities in Iran. He moved to Dubai 20 years ago and started a career in Dubai real estate. During his 20-year career, he has done many successful transactions.
Between Nick, Vahid and Mamad, the current partners possess more than 80 years of international real estate experience. The company that evolved from an initial team of three now has a strong team of 70 hard working, dedicated members ready to serve their growing list of clients.
The progressive real estate company occupies a prestigious 5,000 square ft office space in Marina Plaza, Dubai Marina and is always on the lookout for new recruits to join its strong award winning team.
About PH Real Estate Brokers:
Dubai real-estate experts, PH Real Estate Brokers offer leading, realty based, investment opportunities and unrivalled family homes to clients seeking incredible lifestyle experiences. Search to buy your dream home in Dubai, or find residential accommodation to rent in all areas of the city. PH Real Estate Brokers offers first-rate property services throughout the UAE. Our experienced team of British real-estate professionals are ready to assist you with your property requirement, including property management, and are all RERA (Real Estate Regulatory Authority) registered. The office is based in the prestigious Marina Plaza, Dubai Marina.
About Nick Grassick – Managing director:
With a property-centric career spanning more than twenty years, Nick has exposure to residential and commercial sales, property development and property/asset management. Having previously managed capital transactions within London, Sydney and Dubai, he has developed an understanding of the nuances required to successfully negotiate and broker real estate within vastly differing market places and with a multitude of nationalities.
After working as Director within a large independent estate agency in the UK, Nick moved to Sydney, where he gained commercial real estate experience with global blue-chip real estate corporations. Opportunities within Dubai proved too attractive to remain in Australia and following a successful period operating his training consultancy (providing sales and marketing training solutions to the Dubai real estate market), Nick became joint owner of one of Dubai’s most established real estate brokerages; PH Real Estate Brokers. Nick oversees all sales and leases that the company manages. This level of involvement is just one of the ways the firm strives to exceed client expectations.