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Cavendish Maxwell launches property management services in Oman
MUSCAT, 3 hours, 6 minutes ago Cavendish Maxwell, a leading chartered surveying practice and property consultancy in the Middle East and Africa, has launched end-to-end property management services for the Oman market. Under this new service line, the team will provide bespoke, strategic property management services while overseeing the financial, leasing, marketing and maintenance aspects of clients’ properties and portfolios. For a real estate asset to be profitable in the long term, property management strategies and solutions are required to extract value at the various stages of asset ownership, whether it is securing tenants, collecting rents or ensuring upkeep of the property.
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Mina Al Arab is the company s flagship Dh10 billion development consisting of a pair of islands off the Ras Al Khaimah coast. A pair of new resort hotels – a 350-room Intercontinental and a 306-room Anantara property will open this year and next, respectively, the developer said.
This will improve the overall revenue stream by providing recurring income once opened.
The company expects to hand over the Marbella Villas project at Mina Al Arab containing 205 villas and townhouses, including some waterfront properties, this year. Its Julphar Residence project containing 266 apartments on Abu Dhabi s Reem Island is also due for handover in 2021, the company said.
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