Deyaar reports rental earnings in excess of Dh650m

Real Estate NewsDr. Rashid Abdullah Al Haji l Image Credit: Courtesy of Deyaar

The company also added 2,600 new properties to its property and asset management portfolio, bringing the total tally to 20,369 units.

A majority of the new contracts have been secured in Abu Dhabi, Dubai, Sharjah and Ajman, while growing interest in Al Ain, Ras AI Khaimah and Fujairah has also contributed to the upturn.

Deyaar's announcement comes at a time when the UAE real estate market is witnessing clear signs of buoyancy, with analysts estimating an increase of between 7 percent and 10 per cent in residential stock in prime markets such as Dubai and Abu Dhabi this year. In the commercial sector; an increase of 12-16 per cent in office gross leasable area in the same markets is expected this year.

Dr Rashid Abdullah Al Haji, Vice-President of Property and Asset Management at Deyaar, said: "Deyaar has invested heavily to ensure we deliver the best-quality services across the properties we own, as well as those that have been contracted to us. We understand the importance of catering to the needs of both the landlord and the tenant through a well-defined process and with the support of a dedicated team of professionals.

"The real estate market in the UAE is growing exponentially yet again and we have witnessed a surge in interest for our services. Given this favourable environment, we are confident that our division of quality property management will register a definite surge in operations in 2014."

Deyaar's property and asset management division offers services that include property inspections and appraisals for landlords, management of tenancy contracts and payments, legal and administrative services, and facilities management for residential and commercial units.




Source: Property Weekly


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