Omega Real Estate, one of the fastest growing real-estate companies owned by ‘The H Holding Enterprise’, has launched facilities management (FM) division, to cater to growing market demand in the UAE.
The Middle East Facilities Management Association (MEFAM) estimates there are between 50 to 60 companies in the UAE working in this industry, and run 70% of the business without outsourcing. This shows a huge potential as more and more construction projects are announced mainly across Dubai.
The UAE facilities management industry is valued at USD 1.5 billion, with 60% of the business being done in-house or managed by small, inexperienced contractors according to Omega Real Estate.
Hafeez Abdullah, Chairman of ‘The H Holding Enterprise’ said: “We are strongly focused on this booming industry in the UAE. The FM segment began to pick momentum a decade ago, but only recently has this trend accelerated.”
“Under the present Real Estate Regulatory Agency (RERA), firms are asked to pick five areas, or codes, which best describe their business operations. This initiative by RERA has helped those choosing the FM code to demonstrate that they engage in powerful FM activities,” added Abdullah.
According to Abdullah, the move by ‘The H Holding Enterprise’ to launch an FM division was prompted by the UAE government’s major steps towards standardizing the sector, through formal training courses for companies adopting the FM code.
Youssef Jammal, CEO, ‘The H Holding Enterprise’: “This would bring better outcomes for the sector and will raise the standards of services provided. It will also boost competition and give further momentum to the industry.”
Omega’s operations includes health and safety, fire safety, security, maintenance, testing and inspections, cleaning, operational, tendering, commercial property management, business continuity planning, space allocation and changes.
“FM is subject to continuous innovation and development, and is under pressure to reduce costs and add value to the core business of the client. We have studied this very carefully and are ready to handle several projects at once backed with great resources,” concluded Jammal.
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