Property Management In Abu Dhabi

Abu Dhabi has recently emerged into the limelight as a multicultural & cosmopolitan

capital with the potential to become an economic and tourism showpiece. Real estate developments are taking place in Abu Dhabi that have reconfigured the landscape. Post the global meltdown that percolated even to the UAE, property markets in this region have begun resurgence and Abu Dhabi too is part of the fray. People have begun flocking to this part of the world to live and invest in property. However many such individuals often only invest in property. In such case when their physical presence is not a possibility then property management skills are called for. Property management in Abu Dhabi entails the effort to maximize returns on property by efficient management and minimal hassles. Each property should function exactly the way it was designed and the value should accrue over time. Real estate agencies offer property management services that coalesce international management systems and norms with local market trends and practices. These agencies are accessible, efficient and knowledgeable with a wealth of experience. Agents are honest, transparent in their dealings and prompt.

Property management in Abu Dhabi is a term that is loosely used to describe marketing, tenant care and maintenance of properties by real estate agencies. There are many responsibilities that such real estate agents take care of. They supervise the collection of rents from tenants and help manage all matters arising from lease arrangements. Tenant contract renewals are looked after. An income versus expense budget is made for the property so that the owner can at a glance see his returns on investment. The handover from the developer or the landlord to a tenant is supervised and regular building inspections are carried out under their watchful eye with inspection reports being submitted subsequently. All maintenance planning and execution is coordinated and some agencies specialize in absentee owner unit management. Assets are looked after and carefully handed back after expiry of lease. Even minor issues like landscaping of premises and collection of keys are taken care of. Another major issue that property management agencies is to take care of is dispute resolution. The client will have access to legal teams recommended by the real estate agency and these teams are well versed in the legal practices and procedures that take place in Abu Dhabi. They ensure that there is complete compliance with the stipulated norms with the Real Estate Regulatory Authority ( RERA).

It is always kept in mind by property management agencies in Abu Dhabi that property is a lifetimes decision and a sizable asset irrespective of the financial or social standing of the client. Thus extreme care and knowledge is necessary to safeguard and manage the properties of others. Trained and qualified administrators form part of dedicated and experienced teams that specialize in property management. The buzzwords for property management in Abu Dhabi are convenience, accessibility, trustworthiness and a healthy equity with customers that ensure repeats and reputation.

by: LucasHart

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