Tamweel, the leading UAE Islamic home finance provider, owns a portfolio of properties in prime developments across Abu Dhabi and Dubai, including Al Reef Villas, Arabian Ranches, and Palm Jumeirah. Under the agreement, Deyaar's Property Leasing Unit will manage and lease these properties on behalf of Tamweel.
Saeed Al Qatami, Chief Executive Officer, Deyaar, said: "Thanks to the ambition and determination of our team, Deyaar has become one of the most successful and well-respected property management firms in the UAE. Today's announcement strengthens this position further still, and we look forward to working with Tamweel to maximise returns on their properties."
Commenting on the partnership, Varun Sood, Acting Chief Executive Officer, Tamweel, said: "As the UAE real estate market witnesses a sustained recovery in both sales and rentals, we considered it to be an optimal time to review the management of the properties owned by Tamweel. Deyaar's proven track record of delivering high occupancy rates made the company a natural choice to manage and lease our properties."
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Deyaar and Tamweel announce new partnership at Cityscape Global 2012
- United Arab Emirates: Wednesday, October 03 - 2012 at 15:01
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Deyaar, a regional real estate company dedicated to innovation, customer care and long-term sustainability, announced that it has signed an agreement to provide property management and leasing services to Tamweel owned properties.
(L-R) Saeed Al Qatami, Chief Executive Officer, Deyaar; Varun Sood, Acting Chief Executive Officer, Tamweel.
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Posted by Rana MesbahWednesday, October 03 - 2012 at 15:01 UAE local time (GMT+4)
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