Abu Dhabi-UAE: 23 March, 2015: UAE-based asset management company, Eltizam Asset Management Group has announced the launch of its new group of companies to offer integrated property solutions and facility services in the UAE, with plans to expand across the region.
A corporate member of the Institute of Asset Management, Eltizam is a professional body of companies specialised in the acquisition, operation and care of physical assets. The group offers a full spectrum of integrated asset management solutions and branches out into two subsidiaries; Three60 Communities and Tafawuq Facility Management, which is a founding member of Middle East Facility Management Association (MEFMA). The group’s services include asset and community management, as well as critical and non-critical facility management, in addition to sales and leasing services across the UAE.
Chris Roberts, Executive Director at Eltizam Asset Management Group, said: “The extensive portfolio of assets under our management has necessitated a multi-divisional structure to effectively manage various activities. This has led to a substantial growth in the last 12 months, and we are working on sustaining this pace.”
“The robust growth of Abu Dhabi, and indeed the UAE’s economy, means that today’s asset management market is maturing. With the launch of the new subsidiaries, we aim to clearly define the responsibilities of Eltizam Group, thereby achieving improved operational efficiency and better services for our clients and stakeholders. At Eltizam, we are committed to providing sustainable and strategic asset management solutions to our clients and customers, while ensuring the safety and comfort of our stakeholders, as well as enhancing the longevity and the value of assets,” he added.
Amid the rapid growth witnessed by the property market in the UAE, Eltizam Group stands as a model for superior and sustainable asset management solutions. The incorporation of the group stems from the efforts to create a holistic real estate management model that optimises each company’s services, while adding value to each project acquired, and maximising the return on investment for stakeholders. Eltizam currently manages several high-end real estate developments, which will add up to 30 towers by the end of 2015, including Reem Island’s Marina Square, Hydra Avenue, City of Lights, and ADDAX Tower.
Eltizam’s two subsidiaries provide a range of services: Tafawuq Facility Management coordinates and oversees the maintenance of all facilities including MEP maintenance, cleaning, gatekeeping, pest control and landscaping. Three60 Communities, on the other hand, provides turnkey property management solutions and a full spectrum of community management activities that create happier and more engaged communities, improving the lifestyles of the residents.
In addition to its community management services, Three60 manages sales and leasing activities of residential and commercial assets through RE/MAX 360, its newly acquired international RE/MAX arm, which offers all aspects of brokerage and property sales, leasing, and portfolio management to individuals and corporate clients.