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  • Management
  • HP Aengaar | | Chief Executive Officer


    HP is currently the Chief Executive Officer of Asteco driving an ambitious program to digitally transform customer service, enhance operational productivity and expand market presence through strategic acquisitions.HP brings with him a wealth of experience in the fields of performance transformation, strategic change management and finance & investments in both public and private sector organizations. Before joining Asteco, he was instrumental in the corporate transformation & performance improvement program at Farah Leisure on Yas Island and, was Executive Director & Group Head of Strategy and Investments at Miral Property Management since 2014. Prior to that, he held various leadership roles at McKinsey and worked at Goldman Sachs, engaging with senior stakeholders in government and multinational organizations across the US, Middle East and India.He holds two Master degrees from the Massachusetts Institute of Technology (MIT) and a Master’s degree from Harvard University. He has also completed professional certifications from Stanford University (Risk Management) and Oxford University (Private Equity and Venture Capital) and has passed all three levels of the Chartered Financial Analyst (CFA) program.



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    Elaine Jones | FRICS | Advisor

    Elaine is one of today’s leading experts in the Emirates Real Estate market. With an unprecedented 40 years of regional experience, Elaine not only understands the market with all its intricacies, she is a thought leader on emerging UAE Real Estate trends.

    Elaine pioneered office Leasing in Dubai, she often lectures and has published extensively throughout the Middle East. In 1985, Elaine founded Asteco Property Management, a multi-disciplinary Real Estate practice, which has grown considerably over the years. Asset Management, Valuation & Consultancy and Transactional Services are the main strength of the business.

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    Manal Fraiwat | | Executive Director - Property Management

    Manal Fraiwat is currently the Property Management Executive Director at Asteco, in charge of expanding, managing, and driving the company’s growing local and regional property management portfolio. Manal brings with her over two decades of experience in Real Estate and asset management, including residential, Commercial, and industrial properties, supported with a wealth of expertise in transformation and expansion programs, business development, property and Leasing management, and facilities management. Manal has also built a reputation for being a trusted advisor to senior management on strategy, budgets, return on investments and market dynamics, and business profitability. Prior to joining Asteco, Manal served as the SVP, Head of Property and Facility Management at FAB Properties, and has held multiple senior positions with leading Real Estate companies in the UAE. She holds a Bachelor of Arts in Human Development from the Lebanese American University, Beirut – Lebanon.


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    John Allen | BSc, MRICS | Executive Director, Valuation & Advisory

    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. 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.



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    James Joughin | BSc (Hons), MRICS | Director - Valuation & Advisory

    James has over 12 years’ experience working in Real Estate consultancy and corporate property investment through which he has gained extensive knowledge of valuations, development consultancy, disposals and acquisitions. Prior to his current position, he was employed as Head of Valuation – Abu Dhabi for DTZ-International. James has valued a range of properties, including master planned developments, landmark Commercial and residential towers, hotels and retail malls located across the UAE, Oman and Saudi Arabia.




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    Morgan Dalton | PGDip, NZPI | Senior Associate Director - Asset Management

    Reporting to the Director-Asset Services, Morgan is a senior member of the Property Management team with a mandate to provide direction and assistance to the property management team, and ensuring a quality-led service for the company’s large Client list representing all asset classes from single unit properties to multi-storey towers. Morgan also oversees policy and process revision and implementation to ensure world class service standards and Real Estate service delivery.


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    Anne Marie Shein | BA | Associate Director - Asset Management

    Anne Marie has acquired exceptional Real Estate market experience and knowledge during her 15-year career. Previously responsible for the sizeable portfolio of UAE-headquartered Union Properties, she is an expert in the areas of Commercial and residential property management as well as Leasing, facilities management, client relationships and retail management.


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    Tamer Chaaban | BE | Associate Director and General Manager

    Tamer Chaaban is responsible for the smooth running of the Al Ain branch and for the overall operations of Property Management, Leasing, Financial and Administration.

    Tamer has previously managed the operations for financial matters and settlements of cases including bad debts and settlement of accounts. He also monitors, controls and oversees the Sales and purchase of properties for the Branch.


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    Myrna Younes | B.A Business degree | Associate Director - Asset Management

    Since 2007, Myrna has been working in the field of Real Estate management in Abu Dhabi. Initially joining the Asteco Abu Dhabi Property Management Team, she was quickly seconded to be part of the core team conducting the proof of concept on the ADCP/Khalifa Committee instruction. As part of the Asteco ADCP Team, her Customer service experience was further developed as well as managing a number of prestigious properties in Abu Dubai and handling both the government and Leasing teams whilst acting as Branch Manager reliever.


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    Kieran Burley | GDip. | Associate Director – Transaction and Investments

    With 15 years of Real Estate experience in the Middle East from Event Management and Marketing to Sales and Leasing Consultancy Kieran is currently the Head of the Transactional Services Business line for Asteco covering the UAE Market.

    Since joining Asteco in 2013 Kieran has specialized in Commercial Real Estate bringing a wealth of knowledge from his previous Client-side role and was integral in concluding Tenant representation transactions for high profile International Clients.

    As the Head of the Department Kieran’s main responsibilities include the Sales and Leasing strategies for Asteco’s instructed projects which include disposals, Rent assessments and phased releasing of inventory. In 2018 he created the Investment Sales team which currently service both local and international markets specializing in development Plot Sales and Joint ventures.



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    Jobby Zacharia | BTech, PGDip. | Associate Director - Valuation & Advisory

    Jobby has over 13 years of Valuation experience in the UAE and has extensive knowledge and understanding of the UAE Property market. Jobby’s experience has been primarily in the Freehold market. He has been involved in various projects for major banks and Developers in providing Valuation reports, advice on LTV and pricing structures. During his career Jobby has secured a valuable network of contacts in the Valuation services industry.

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    Safarnaz Panakkat | | Associate Director - Commercial Valuation

    Safarnaz has over 13 years of experience in Real Estate appraisal and valuation, feasibility studies and construction management. He has conducted valuations of various types of Real Estate assets for mergers and acquisitions, audit, restructuring and lending purposes across GCC region.

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    Andrew Laver | BSc (HONS), MRICS | Associate Director – Valuation

    Andrew brings a wide range of experience from the UK and UAE, covering Commercial and residential valuation. During his time with DTZ in the UK, Andrew was involved in instructions for large residential and mixed use developments, feasibility studies, and pricing exercises. These clients have included land managers, private developers, local authorities, financial institutions and private individuals.

    Moving to the UAE, Andrew has worked on a variety of Commercial projects, portfolios and valuations with an estimated value in the region of AED 15 bn. Since 2013, the focus within the UAE has been on the residential market and developing the residential mortgage business.in Abu Dhabi, after gaining in depth knowledge and focus across the UAE Freehold and Investment Zones, of the Emirate.


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    Ajith Cyriac Mathew | Bsc | Associate Director - Information Technology

    An Information Technology professional with over 20 years of Information Technology experience having worked in the Middle East since 1997. He setup the IT department for Asteco and was instrumental in implementing the CRM Software.

    Asteco was the first real estate company in the UAE to implement the CRM Software. He also setup an in-house Software development team who have developed Estateman Property Management software, The Hub (intranet portal), eAccounts /eHRMS software for the Finance and HR departments. Software developed are also being implemented for group companies.

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    Melnora Francisco Burayag | BCom | Associate Director - Finance


    An expert finance professional with over nine years’ experience handling all the fiscal aspects of Asteco, Melnora is responsible for the review and evaluation of financial accounting systems, management reporting, review accounting and collection procedures, operating systems and budget preparation.

    A member of the senior team for over 12 years, she is the brains behind our highly efficient accounting systems that drive corporate productivity and which has positioned the team as leaders in their field with unparalleled competence in the provision of financial forecasting data
    She also oversees the annual financial spending strategy, based on careful analysis of current income and expenditure patterns as well as identifying and providing solutions for all financial risks impacting the operation.

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