From left are Cracea, Ansari, Unreal Bali managing director Paul Soare.and Ho.
KUALA LUMPUR: IQI, the global real estate agency network with more than 40,000 agents and a member of Juwai IQI, is set to open IQI Unreal Bali this month. The new Bali office will be IQI's first in Indonesia and is the latest in a rapid series of expansion announcements, including new office launches in Japan, Pakistan and Vietnam.
"The launch of IQI Unreal Bali is the latest expression of our strategy of targeting real estate markets where we can create value for local players by linking them to our global resources," said Juwai IQI co-founder and group chief executive officer Kashif Ansari.
"Our partners in the new launch are the exceptional team at Unreal Bali, a prominent local firm known for its extensive experience and expertise in project marketing and property management. We are delighted to have the Unreal team become part of our network, especially co-founders Dan and Paul.
“Both companies have built leadership positions in the industry, with Unreal doing so in Bali and IQI in 20 global markets – now 21 with the addition of Indonesia. Both teams mix a passion for the industry’s enduring values with the innovation that enables us to be more effective through the use of new technologies.
Juwai IQI Co-Founder and Group Managing Director Daniel Ho said: "We add value by leveraging our international network, global buyer databases, industry-leading technology, and best practices and training resources. We will link IQI Unreal Bali into our global network so they can receive a flow of inbound buyer enquiries. They can also deploy our tech platforms for agent productivity and property marketing.
"At IQI and more broadly at Juwai IQI, we are working to integrate global real estate markets to better serve both domestic and the new cross-border buyers."
Bali is the perfect market for IQI because it attracts significant foreign investment from buyers in many markets where the agency already operates, he said, adding that prices should rise over the next five years as tourism numbers continue to climb.
Dan Tudor Cracea, the new Head of IQI Bali, said: "We are delighted to be joining the IQI network and will immediately begin operating as IQI Unreal Bali. We look forward to being part of a global network that offers us the best technology, training and resources, marketing platforms, and buyer database.
“Bali property can be an excellent investment that delivers both rental income and capital gains. It is relatively affordable, with tropical villas starting at US$98,000 and prices rising into the high millions from there. The best locations in Bali are Seminyak and Canggu for their nightlife and beaches, Ubud for its quieter, cultural setting, and Uluwatu for cliffside villas and surfing.
“Many of our clients are international because Bali is Indonesia's most sought-after destination for holiday homes, long-term investment, or rental income. Our multicultural team speaks English, Indonesian, French, German, Italian, Spanish, and Romanian. Now that we are part of IQI, we expect to build our team and grow quickly.”
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