19th February 2012

Wasl wins its second Owner Association management contract

Wasl LLC, the property management arm of Wasl, the largest real estate management company in Dubai, today announced it has been selected by the interim association general assembly and Ecostar International Holdings FZCO for association management services. This is Wasl’s second association management contract win since the recent launch of this business line.

Located at the Silicon Boulevard, Dubai Silicon Oasis, the 12-story Park Terrace and 15-story Park Avenue towers offer residential, commercial and retail units situated a few minutes away from the main shopping centres and attractions in Dubai. The contract includes the management of the towers in every respect including all technical, financial, commercial and facility aspects as per Dubai Jointly Owned Property Law. Last November, Wasl was awarded its first owners association management contract by ETA Star for Al Manara Tower in Business Bay.

Mohammed Yahya, Senior Director, Commercial and Owners Association Management at Wasl said: “Our knowledge and experience of the Dubai property market built up over 30 years underpins our offer as we build our presence in the growing field of owner association management. Wasl is best positioned to be a market leader, and is setting the benchmark for Association Management standards in Dubai by bringing about best practices in the field. This demonstrates our commitment to bring about transparency to the local freehold market.”

Wasl’s expertise in the facilities management service field comes from over three decades of delivering the highest standard of services. This is complemented by Wasl’s knowledge in the Owners Association Management market, which is on par with global standards, and is recognised by leading industry associations. The association management team at Wasl is certified by the Professional Community Association Manager (PCAM), Association Management Specialist (AMS) and Certified Manager in Community Associations (CMCA).