Deyaar Development PJSC — Regulatory Filings 2019

Jan 27, 2019

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Press Release

Deyaar signs property management agreement for Belhasa’s properties

Dubai, UAE; 27 January 2019: Deyaar Property Management LLC (DPM), the property management arm of Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers, has entered into a partnership with Belhasa International Company LLC to manage its mixed-use buildings across Abu Dhabi, Dubai, and Sharjah.

Through the partnership, DPM will deliver a wide range of property management services including leasing services, legal advisory services, landlord relations, property inspections and building services, as well as property management consulting services. DPM offers a single point of contact for all requests, helping to ensure a high return of income, smooth communication, timely responses, and reduced overall costs.

“Property management aims to enhance customers’ overall experience in a property and increase its value, because satisfied tenants drive an increase in occupancy rates,” said Ahmed Al Suwaidi, Vice President of Deyaar Property Management. “Deyaar Property Management helps to improve a building’s life cycle by providing a full suite of services from inspections and appraisals through to building management and more. We’re thrilled to add Belhasa International Company’s units to our expanding portfolio and look forward to a long and successful partnership with them.”

Saeed Ahmed Saif Belhasa, Managing Director of Belhasa International Company, said: “Providing the best value and experience to our tenants is a priority. By partnering with Deyaar for its Property Management Services, we have found a reputable and reliable partner to ensure that our properties are attractive to investors, with the added reassurance of working with a professional company for any management related requirements.”

Deyaar Property Management is ISO 9001/2015 certified and manages a portfolio of over 24,000 units in more than 1,500 buildings across the UAE, ensuring an occupancy rate of more than 97 per cent.

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