Development of Facilities by Landmark in UAE

A property and facilities management solutions in order to safeguard the investment of freehold buyers has been developed by Landmark Properties, one of the leading property brokerage firms and consultancy in the UAE.

The firm offers solutions to real estate clients all over the world and delivers authoritative, comprehensive as well as independent advice. The affiliates of Landmark include Landmark Advisory and Amlak Finance PJSC which are recognized as the top level real estate companies of the Gulf.

Landmark Properties has developed a property and facilities management solutions to safeguard investment of freehold buyers.

The Head of Property Management of Landmark Properties, Donna Newman said, “A robust property management strategy is key for both overseas and UAE-based property owners as we deliver a range of cost-saving options, from identifying snags in new properties being handed over, to managing the rental relations with tenants on their behalf.

"The potential cost savings for proprietors using Landmark's Property Management (LPM) services, and homeowners using facility management services, far outweigh the service repair costs, in addition to minimizing potential future problems that can occur in a freehold property." He said.

The cost of Landmark Properties' Property Management solutions begins at five per cent of a property's rental value, with the minimum set at Dh3, 000.

Newman also said, "A landlord requiring property management for their unit will find that the preventative costs of our packages may be minor to the actual cost of potential problems in this apartment."

He added, "For instance, the rectification of ceiling defects would cost approximately Dh2, 000 for owners to fix. Common bathroom snags, including leaking toilets and showers or shower heads snapping off are on average Dh400-600 per visit by plumbers to rectify. Looking at these snags, this is already a considerable cost without taking into consideration anything else that may happen throughout the year."