Abu Dhabi boasts a multitude of both international and local real estate management firms. While some exclusively focus on the sale and rental of residential properties, others offer a comprehensive suite of services. These can span from consultations by various experts to the upkeep of apartments and houses. Continue reading to explore property management companies in Abu Dhabi and their potential benefits for property owners and tenants.
Why Hire a Property Management Company?
A property manager is a skilled professional who assists property owners in maximizing the benefits of their real estate holdings. Specialists from management companies in the UAE are tasked with tasks such as tenant selection, overseeing the maintenance of residential or office spaces, and ensuring the punctual payment of rent and utility bills.
Frequently, property managers are engaged by investors who are unable to dedicate substantial time to property management. This situation often arises when investors reside abroad or have investments in multiple properties. A property manager, or even an entire team of managers, becomes particularly indispensable for owners of expansive commercial real estate.
Property management services are offered on a fee basis, typically ranging from 5% to 10% of the total contract value. Frequently, this fee is deducted from the tenant's payment rather than being charged directly to the owner.
When delving into international investments, it becomes crucial to enlist the expertise of seasoned professionals who possess an acute understanding of the intricacies of the local market. The allure of Abu Dhabi among foreign investors continues to surge annually. We have curated a roster of reputable property management firms with a longstanding presence in the UAE capital.
Abu Dhabi United Real Estate (ADURE)
Established in 2008, the company has garnered an exceptional reputation throughout its years of operation. Its primary focus lies in providing assistance for transactions involving both residential and commercial real estate. The agency's experts also assume responsibility for maintaining the client's property and facilitating its rental. This approach enables property owners to solely receive income while leaving the intricacies to the agency. Each client is assured of an individualized approach, coupled with the commitment to uphold the property's value at a prominent level.
Abu Dhabi Commercial Properties LLC (ADCP)
ADCP stands as a versatile property management firm that made its debut in the Abu Dhabi market in January 2006, emerging as a subsidiary initiative of Abu Dhabi Commercial Bank (ADCB). With a workforce of 240 experts, the agency extends its services to both public institutions and private clients.
Within the ADCP database, an extensive array of over 57,000 residential and commercial properties are available for both purchase and rental purposes. Impressively, the company oversees the management of more than 2,100 buildings.
In the years 2016 and 2017, ADCP garnered recognition as the foremost real estate management team in the UAE. A remarkable milestone for the company was the attainment of ISO certification in the realm of quality management systems and business continuity (ISO 9001).
The company's operations extend beyond individual flats and villas to encompass entire complexes,including services such as the installation of video surveillance systems and landscaping.
Property Shop Investment (PSI)
In 2007, Property Shop Investment was just starting to operate in the capital of the UAE, since then it has spread its presence beyond the Emirates to other countries of the Persian Gulf. PSI is focused on assistance in renting, buying and selling properties in the most sought-after and prestigious areas of Abu Dhabi. The company's specialists will not only offer flats, townhouses and villas to choose from, but will also provide the most favourable conditions for mortgaging if the entire amount is not enough to buy a property. In addition, the agency's managers will help with registration of leasing, selection of tenants, and property value.
Property Shop Investment works closely with the most reputable developers in the UAE. In 2016, the developer Aldar Properties recognised the company as a leading real estate company in Abu Dhabi. In addition, PSI has been named the "No. 1 Broker in Abu Dhabi" ten times. Property Shop Investment operates in the most expensive projects and districts of the UAE capital, such as Abu Dhabi Gate, Al Reem Island, Saadiyat Island, Al Reef, Golf Gardens, and others.
Al Saqer Property Management
The company has been active in the UAE market since 2003. As of 2023, the agency oversees the management, ownership, leasing, and maintenance of real estate properties in Abu Dhabi, Dubai, Al Ain, as well as internationally. Al Saqer efficiently manages close to 6,500 flats and 70 buildings. Remarkably, the company asserts that properties under their care consistently maintain an occupancy rate of at least 97%.
Photo: Kevin JD (Unsplash)
The oldest and most famous management company on the UAE market, Betterhomes has been working with homeowners and landlords in Abu Dhabi and Dubai for more than 40 years. The company's portfolio of residential and commercial properties includes 8,500 flats and 65 buildings. The agency's specialists offer turnkey real estate rental services, and control over construction.
In a Nutshell
For a seamless and hassle-free experience in buying, selling, renting, or leasing property in Abu Dhabi, it's advisable to enlist the services of a dependable agency. Accompanied by skilled property managers, every aspect of the transaction is diligently overseen, from purchase and sale to the selection of mortgage programs, tenant acquisition, and property maintenance. In Abu Dhabi, numerous specialized local companies offer the option to hire a property manager. To maximize your return on investments while minimizing your time and effort, you should entrust the management of real estate to a reputable and experienced agency.
Cover photo: Vprime g