Dubai Properties, Salwan sign deal

Dubai Properties, the real estate arm of Dubai Holding, said yesterday it has signed a deal with Salwan Property Management, a subsidiary of Dubai Properties Group, to manage and sell key developments around the emirates. The move is part of its mission to offer comprehensive real estate and property management services to its growing client base.

The alliance established under Dubai's Real Estate Agency Agreement, focuses on real estate verticals such as sales, property management, leasing and joint advertising of key properties. The deal also mandates Salwan to sell and manage the master developer's exhaustive portfolio of properties, while retrieving, reviewing, and accepting bookings from purchasers of units.

"As entities of the same group, Dubai Properties and Salwan Property Management will jointly streamline the process of purchasing properties. Our companies specialise in complementary services and it is in our best interest to work together to offer these deliverables to our clients. It is through such cross-collaboration that we will successfully offer efficiency and value for money to our valuable clients," said Jade el Khalil, Chief Officer Sales and Marketing, Dubai Properties. "We look forward to working with Dubai Properties to offer a comprehensive line of realty services. It is an exciting opportunity for our companies to work together to achieve our shared objectives and provide clients with economical mechanisms to buy properties," said Saeed Bushalat, Chief Executive of Salwan Property Management.

Salwan's range of services includes strata and property management (for Dubai Properties Group and other organisations), sales and leasing of properties, the management of Mazad Auction House, and property advisory services for evaluation and consultation.