- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Gone are the days when commercial property owners managed their own properties. The trend has now shifted to outsourcing. The facilities management (FM) field in the realty industry is much in demand owing to the increasing infrastructure and construction in the nation. Additionally, being one of the best tourist places, the retail and hospitality segments also add to the kitty of the facilities management sector.
In fact, a multinational security services company said an average of 60% of most industries in the UAE might outsource their FM needs in the near future including functions like cleaning services, pest control, office services, landscaping, waste management and building management systems.
The best FM service is considered to be of additional value in the realty industry, and developers promote it to strike the best deals. This also assures the investors that the properties are well-maintained.
FM is extremely important in the commercial segment as a well-maintained workplace contributes to the health and well-being of employees. This aids in enhancing employee efficiency and productivity levels, thereby increasing the profitability of organizations.
Clients in the commercial segment seek integrated solutions that lessen the time consumed in managing facilities. Corporates and the government look forward to longer duration contracts, e.g. 3-5 years, compared to the previous one-year contracts.
However, the changing work styles like open workspaces, different work timings, uniquely designed skyscrapers and other developments affect FM services. Thus, there is a need for expert FM consultants with more focus on offering strategic management services. Also, the construction industry focuses on sustainability and the development of green buildings, which may ease some pressure off the FM industry.
* With growing construction, FM services are now being outsourced
* The best FM service is treated as additional value in realty sector
* A well-maintained workplace enhances productivity, efficiency
Click FM to learn more.
Source: Arva Shikari, Special to Properties
The writer is a freelancer