TASWEEK Real Estate Marketing & Development launches new property management services for Abu Dhabi & Dubai

TASWEEK Real Estate Marketing & Development launches new property management services for Abu Dhabi & Dubai

Portfolio to cover customer, financial, and facilities management plus referrals to reliable property service providers

June 20, 2010

TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the Middle East real estate markets, has announced that it has initiated property management services in Abu Dhabi and Dubai by signing its first property management contract and has started handling a few buildings in both emirates. The new service portfolio includes customer management, financial management and restructuring, facilities management, and linkages to reliable property service providers.

TASWEEK’s property management services will help minimize the vacancies and maximize the profits of property owners by handling their operational needs on a day-to-day basis. The new portfolio will meet the growing demand for property management services within the regional real estate sector driven by high levels of competition, the availability of more products, and the need for effective cost-saving strategies.

“Our latest package of services complements our vision of becoming a one-stop shop for serving the entire real estate services and marketing chain. The UAE’s real estate market is expected to achieve a better balance between demand and supply this year and so property owners need to fully optimize their investments and do business with the right partners. We shall deliver our property management offerings with the same levels of integrity, accountability and professionalism that have helped us establish a leading position in the regional real estate markets,” said Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing.

TASWEEK’s latest lineup of services is part of expansion plans which include its entry into additional markets such as healthcare and education aside from its regular residential and commercial base. Projections of a 3.2 per cent growth in the UAE economy for 2010 have encouraged the company to consider potential property investments in Abu Dhabi and Dubai worth around AED 1.5 billion which could net AED 300 million in profits within three years.

TASWEEK Real Estate Development and Marketing facilitates Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. It reported a 5 per cent increase in shareholders’ equity during its commencement of commercial activities in 2009 and is set to post another strong year through strategic acquisitions, joint venture investments, and new services.