UAE-based real estate service provider, FAB Properties, and the region’s largest bank, First Abu Dhabi Bank (FAB) have partnered with the leading physical asset management company, Eltizam Asset Management Group in order to provide sustainable and strategic asset management solutions.
Under the deal, both parties will explore the operational and commercial synergies that Eltizam Group can offer across a variety of services.
According to the statement, the services include Facilities Management, Security and Energy Saving Services, Community Management, and QHSE Audit Services, Property Technology, Landbank Management, and Project Development Services as well as In-Unit Services to owners and tenants.
“The partnership with FAB and FAB Properties will support a fruitful relationship and a brighter future for both companies. We are pleased to be the real estate and facilities management provider for FAB and I believe our collaborative capabilities will allow us to thrive within the industry. These strategic partnerships will support our ambition to diversify our portfolio with the ever-changing dynamics of the asset management world.”
Eltizam Group manages real estate for international and domestic clients with its focus on providing the highest level of service in conjunction with commercial competitiveness in the marketplace.
“As one of the UAE’s leading real estate service providers, FAB Properties is committed to delivering market-leading solutions and services. We are excited to work alongside Eltizam Group, as it is through partnerships like these that we can further expand our capabilities and facilities management services. With both entities’ combined expertise, we look forward to delivering exceptionally high caliber services to our clients,” commented Mr. Jasim Al Ali, CEO of FAB Properties.
The FAB Properties, the subsidiary of FAB Bank, manages a diversified portfolio of more than 22,000 units across different market segments. FAB Properties’ main goal is to offer exceptionally high caliber services in the professional real estate market, creating sustainable long-term value for its clients and for the landlords who utilize its management services for their properties.