The Dubai Jointly Owned Property Law, an addition to the legal framework for property ownership, will bring much needed positive changes to the property industry, clarifying the responsibilities of developers and the role of the Home Owners Association.
General Manager, Ian Pask said of the appointment: "We have a large number of overseas buyers, and we feel it is important to add greater security to their investment where possible. Choosing the right management companies for the different roles in our investment-orientated properties is critical, and we feel we made the right choice with PRDnationwide."
PRDnationwide Chairman, Gary Bugden pointed out: "Sound structuring and professional management of Jointly Owned properties is one of the factors which differentiate high quality property investments from others. Our goal is to enhance property values through creating sustainable, harmonious and successful communities."
PRDnationwide Strata Consulting division is the largest team of dedicated strata and community management design specialists in the Middle East, providing advice to developers on the titling, subdivision and management of new and existing real estate projects.
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ACW appoints PRDnationwide
- United Arab Emirates: Sunday, November 15 - 2009 at 16:42
- PRESS RELEASE
In preparation for the forth-coming Jointly Owned Property Law in Dubai, ACW Holdings has appointed PRDnationwide Strata Consulting Division to manage their portfolio of properties to ensure a smooth transition to the new regulatory structure for property owners.
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Notes and media contacts
About the company:ACW Holdings is specialised in developing high-yield property investments through innovation and market research. The company was formed in 2004 by a group of UK investors to develop property in the United Arab Emirates, beginning with Dubai.
The company is registered with RERA (Real Estate Regulatory Authority) as a Property Developer and activities include real estate development and related services encompassing real estate agency and interior design.
The company strives to establish long term mutually beneficial relationships, providing investors with an exclusive selection of real estate investment opportunities and the highest European standards of quality, service and construction.
For further information, please contact:
Scott Richards
Director of Client Services
ACW Holdings
Dubai
Tel: +971 4 429 1512
Fax: +971 4 429 1581
Emaar Business Park |
P.O. Box 213794, Dubai, UAE
Posted by Husam OdiabatSunday, November 15 - 2009 at 16:42 UAE local time (GMT+4)
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