Deyaar Development has grown its property and asset management arm, adding 2,600 new units to its portfolio in 2013.
The company said that this has brought the total number of properties in its portfolio to over 20,000, with new contracts being secured in Abu Dhabi, Dubai, Sharjah and Ajman.
The firm’s vice-president of property and asset management, Dr Rashid Abdulla Al Haji, said in comments published by Construction Week Online: “The real estate market in the UAE is growing exponentially yet again.
“Given this favourable environment, we are confident that our division of property management will register a definite surge in operations in 2014.”
Earlier this month, Deyaar revealed a four-fold increase in profits for 2013. Net proficts climbed to $42.1m, up from $10.5m in 2012.
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