Appointment: 2014- till date
Client: Al Ain Properties
Services: Property Managers and Sole Leasing Agent
Portfolio: 187 units across UAE.
Role: Asteco Property Management’s involvement has been comprehensive offering lease management and facilities management.
Asteco was involved in a number of meetings with the project team in regards to the properties including the specifications of the expenses, service charges, and profits and yearly budgeting.
Our services can include anything from just collecting and remitting rental payments to the client to a fully integrates service such as create a financial reporting functions on our platform to implement a monthly report upon al Ain properties demand.
On taking over, our initial focus was firm negotiations started with tenants to explain future renewals with the increments 10 to 20% on the rent as per the market prices.
The challenges was in convincing the tenants accepting the increment as well increasing the income satisfying the landlord.
The area along Dubai E11 is known as The Sheikh Zayed Road. It runs parallel to the coastline from Trade Centre Roundabout to the border with the emirate of Abu Dhabi near Jebel Ali. Along Sheikh Zayed Road UAE is home to most of Dubai's skyscrapers, including the Emirates Towers and the Burj Khalifa. Sheikh Zayed Road also connects other new developments such as the Palm Jumeirah, Dubai Media City, Dubai Marina and Dubai Waterfront.