Property management services in big demand

As the Dubai market has increased, so too has the demand for related services such as property management. Often, when taking into account real estate agencies and the services, sales and leasing are at the forefront, but other related professional services can be just as critical.

The boom in Dubai has attracted investors from across the globe, all impatient to capitalize on the high capital growth and strong rental yields here. The large growth in property owners since the freehold property law was introduced, especially with people who have their residence overseas, has significantly increased the market for property management companies.

Given the high value of a property, be it commercial or residential, the significance of the role of good management of the building should not be underestimated. Taking care of an investment and optimizing its returns can be a full-time job. It also sometimes brings with it hassles that are difficult enough to resolve when you are close by, but near impossible when you are a few thousand kilometers away.

The main reason for the growth in the market is that it makes the entire leasing and maintenance management hassle-free for owners while at the same time giving them the peace of mind that their asset is in good hands. A property management company takes care of all practical issues of the maintenance and rental process on behalf of the landlord, sourcing a suitable tenant, handling contracts, managing the tenancy and resolving maintenance issues. All of these are fairly arduous tasks for anyone without the necessary expertise.