IN THE MIDDLE EAST FOR 30 YEARS
The Middle East’s largest full service real estate services company, Asteco was formed in Dubai in 1985. Over the years, Asteco has gained enormous respect for consistently delivering high quality, professional, value-add services in a transparent manner. It is also widely recognised for its involvement with many of the projects that have defined the landscape and physical infrastructure of the emirates.
Asteco has an essential combination of local and international expertise. A deeply established brand, renowned for its application of the latest technological advances, its commitment to transparency, winning strategies and human expertise. Undisputed real estate experts, Asteco represents a significant number of the region’s top property owners, developers and investors.
The core business lines Asteco conducts from its offices throughout the Middle East are:Corporate Capability Statement
John is responsible for developing, managing and delivering business strategy, to maximise shareholder value and return-on-investment. Prior to his appointment as Managing Director, John was responsible for the operations of the Asteco Property Management Department across the region.
Before joining Asteco in 2004, John worked in South East Asia for 10 years managing some of the region’s best known property portfolios gaining a wide range of experience from Property, Asset and Strata Management to Workspace and Facilities Management for fortune 500 clients.
John has continued his specialization in this field and has been a pioneer in the establishment and continued development of professional management services. He is respected within the industry for developing this service.
With the experience of providing strategic property advice to owners and occupiers, he has a unique and detailed understanding of the operation, maintenance and planning involved in managing clients’ portfolios with the goal of assisting them to achieve their real estate objectives.
John brings a wealth of international property expertise to the company, having worked over the past thirty years in both the property services and real estate development sectors in the UK, Australia, Singapore, Hong Kong, Philippines and the GCC.
He has worked with the First Pacific Davies group (now Savills) since 1988, as Director of the valuation and research division in Hong Kong, and, subsequently from 1992, as Director and General Manager of the company’s development group, active throughout south-east Asia.
His specific area of expertise is development management, dealing with the master planning and design process and commercial analysis of all real estate categories within medium to large scale projects. Specific projects in recent years include the planning, design and commercial negotiations of a major mixed use project in the Philippines, the construction of a serviced apartment and office building in Vietnam, two residential and office buildings in Hong Kong, and two residential projects in Kuala Lumpur.
A real estate professional possessing over 15 years of experience in property sales and leasing, property development and business development, Sean is responsible for driving the growth and development of the Sales and Leasing Divisions of Asteco.
Prior to joining Asteco, Sean was the Vice President of Sales for the largest private real estate developer in the Middle East where he was involved in over 30 projects in several countries across the MENA region.
Sean also played a pivotal role in building and expanding Rawson Properties into one of South-Africa’s largest real estate companies, which resulted in the company being nominated as a ‘Superbrand”.
Through Sean’s leadership, the Agency division strategically monitors customer, market and competitor activities, to conceptualize tailor-made sales and leasing strategies. With a results driven team, these strategies are successfully implemented to attain customer attraction, acquisition and retention.
Sean’s applied strategic sales and leasing methodologies, deep sector experience, stakeholder management and negotiation skills have been tried and tested and deliver optimum results in any given market and economic climate.
With over 30 years experience, Jerry has been working in a variety of different developing markets for over 22 years and has been involved in Property Management, Corporate Facility Management, and Development Consultancy. In the UK he was the manager for the then largest shopping center in London, and the largest multiple occupied office building in London. Whilst working in Korea, Russia and the CIS, Singapore, Thailand, and China he has been responsible for running real estate advisory companies, delivering Shopping Center management in new markets and setting up RICS qualified Valuation teams.
Jerry has experience in both the UK and the UAE in fund management and working for both Real Estate development and Investment companies and Banks. He has been involved in due diligence of acquisition of properties and in road shows to raise investment funds.
He has worked with Jones Lang LaSalle, CBRE, Cushman and Wakefield, Colliers Jardine, Knight Frank, HSBC and ADIB. In these companies he has held a variety of roles including Director of a division, General Manager and Managing Director.
His skills are now being focused on delivering optimum real estate advice to Asteco clients in the exciting Abu Dhabi market.
Northern Emirates Q2 2015 - Property Review
With rental rates decreasing in neighbouring Dubai, rents in Sharjah and Ajman also came under pressure. In addition, despite the recently implemented ownership regulations, the sales market in Sharjah witnessed low levels of activity, due in part, to the substantial launch of competing affordable product in Dubai.
Dubai prices fall faster than rents
Prices in Dubai's property market are falling at a much faster rate than rents according to ReidIn data. John Stevens, managing director of Asteco Property Management, believes the difference between sale and rental prices is only the result of a temporary lag that will correct itself as more units are handed over this year, causing rents to decline. His firm predicts 16,000 units will be handed over in 2015 ? mainly in newer areas of the city such as Dubailand, IMPZ and Jumeirah Village Circle.
Internationally qualified, decades of Middle East Experience
Asteco's latest research publication shows a sharp increase in residential rent increases in insert, insert and insert. To read the full report...