Dubai Properties Announces Key Infrastructure Milestones at Business Bay
Dubai Properties LLC announced key infrastructure work including sewage, water network, district cooling, and power connectivity is steadily progressing at the AED110 billion Business Bay master development. The master developer is also gearing up for the delivery of the Executive Towers during the summermore>>
Home | Search | Download | Contact Us
Home / Media Lounge / News / News Details
Dubai Properties LLC Appoints Salwan LLC to Manage The Executive Towers at Business Bay
Dubai: 04 July, 2009 - Dubai Properties LLC today announced the appointment of Salwan LLC, both subsidiaries of Dubai Properties Group (DPG), to provide comprehensive property management services to the AED3 billion Executive Towers development at Business Bay..
Salwan Property Management will be responsible for managing the 8.7 million sq feet self-contained development at the 11 towers comprising nine residential, a freehold boutique office tower known as Aspect Tower, and the 303-room Business Bay Hotel. In addition to offering advanced property management solutions, Salwan is also mandated by Dubai Properties to extend leasehold options for the units at Executive Towers.
Salwan will levy AED15.38 per sq ft as service charges for maintaining the common areas, as well as the indoor car-park, landscaped areas, district cooling plant and infrastructure works within the development.
An Official Spokesperson of Dubai Properties, said: "In our committed endeavour to provide competitive services for offering a niche lifestyle experience, we have appointed Salwan Property Management to manage the Executive Towers that is quickly moving towards its handover phase. The distinct development in the heart of Dubai's central business district and the upcoming Business Bay comprises extensive common areas and community amenities, which require a competent entity to oversee the day-to-day operations. We believe Salwan has the expertise, the capabilities and the resources to provide premium services to the Executive Towers community and ensure the sustainable maintenance of the development."
The residential component of Executive Towers will boast a range of units including studios, loft apartments, four-bedroom terrace apartments, garden apartments, and one-to-four bedroom apartments.
The 58-storeyed Aspect Tower (with 185 suites) will accommodate around 2,151 individual apartments in all, 60 residential villas on the plaza level, eight boutique office villas, two spa and health clubs, a retail mall with 184 units, and a three-level podium that offers parking bays for 4,500 vehicles.
Saeed Bushalat, CEO of Salwan, said: "As one of the leading property management companies, we are pleased to extend our offerings to Executive Towers. Our value added services are designed to exceed client expectations while ensuring the long term plans and sustainability of the development. We look forward to a fruitful relationship with the property owners and retailers at the development.
"Over the past year, Salwan has enhanced and increased the scope of our offering to best suit clients' expectations. Consequently, our services cater to investors as well as individuals and range from the management of residential towers to leasing and selling of individual properties. As part of our commitment to delivering services on par with global standards, we will continuously explore ways to raise our benchmarks while delivering optimum results."
The Executive Towers is the first project for Dubai Properties in Business Bay and the second major freehold project to be handed over following the successful release of Jumeirah Beach Residence (JBR).
With a growing portfolio of properties around Dubai, Salwan currently offers a wide selection of residential and commercial space for lease. It currently owns and manages more than 18,000 residential and commercial units in different localities around Dubai including Jumeirah Beach Residence (JBR), Cordoba Villas, Al Khail Gate, The 558 Community, The Villa, and Office Park at Dubai Internet City.
