Case Studies

With over nine million square feet of property under management, we have clocked up a few success stories over the past 25 years.

 

We service a diverse array of properties and developments, ranging from small independent villas, residential compounds, residential apartment blocks associated with hospitality & retail facilities, serviced apartment complexes, and large mixed use developments.

 

Discovery Gardens

Our services can include anything from just collecting and remitting rental payments to the client to a fully integrated service such as that we provided for a portfolio of 14 buildings in Discovery Gardens, where we coordinated everything from the handover and snagging, right through to the day to day operations of the buildings once fully leased.

This project involved the interaction of various Asteco Departments all coordinated through Property Management.

 

Upon securing the appointments, we activated our Engineering Services division to undertake a full snagging/defects report of the buildings. This report was sent to the developer and we coordinated to ensure that all defects were attended to prior to accepting handover of the building from the developer.

 

Once the buildings were in an acceptable condition for handover we arranged to take possession of the buildings on behalf of the owners and arranged all final payments to the developer.

 

We then obtain quotations for delivery of facilities management services to the sites. This can include items such as security, cleaning, air-conditioning maintenance, car park operation, gym operation etc. Once quotations are obtained we make recommendations to the client and negotiate a contract to ensure that the fabric of the building is maintained. A well presented and managed building always attracts a better quality of tenant.

 

The buildings then need to be leased to ensure income steam is generated for the investment. Property Management coordinate with the Leasing team and ensure that Asteco approved terms and conditions are met to protect the interests of the Landlord and tenant in accordance with UAE laws.

 

Throughout the leasing campaign and beyond, the Property Management Team are continually providing the client with monthly income and expenditure reports, leasing status updates, maintenance updates and advising on any other property related issues.