ZAWYA: GFH Financial unit acquires majority stake in UAE’s Devmark Real Estate Brokers

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First published: 26-Nov-2025 11:25:21Staff WriterBahrain-based GFH Financial Group’s wholly owned unit GFH Partners has acquired a controlling stake in UAE-based Devmark Real Estate Brokers as part of a strategy to expand the company’s footprint in the property market.The subsidiary, which serves as GFH Financial’s real estate investment arm, confirmed the transaction on Tuesday without disclosing the financial details, including the size of the stake it has acquired.As a development sales and marketing consultancy, Devmark has pushed sales for real estate projects with a combined gross development value (GDV) exceeding AED 10 billion ($ 2.7 billion). Its sales distribution network spans over 2,000 brokerage firms and over 15,000 brokers.Headquartered in the Dubai Financial Centre (DIFC), GFH Partners has around $7 billion in assets under management across the US, UK and GCC.(Writing by Cleofe Maceda ; editing by Seban Scaria)Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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