experience expertise excellence Contracting
www.asteco.com
Property Services
Development
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Our experience is attracting attention‌ experience
Asteco is the largest and most experienced property services consultancy in the United Arab Emirates. Our company is more than 20 years old, which makes us a pioneer in the region’s phenomenal property market. Our team of directors has a combined experience of over a century.
Each brings vast international experience from top tier global real estate companies. But it is our peerless local knowledge and the constancy of our dedication to serving our clients that have earned us the most valuable asset in the real estate industry – trust.
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…from global funds and private investors Keeping pace with our market, we are growing at an exponential rate. Headquartered in Dubai, we have offices across the UAE and new operations in the promising new markets of Jordan, Bahrain and Qatar with further locations in the pipeline. Our business encompasses all the main disciplines of mature property services consultancy — from valuations to property management — and our company enjoys excellent relationships with global property services firms.
We offer clarity to new investors, flexibility to a diverse range of mixed-use, commercial and residential clients, and confidence to those seeking the best return on their existing property assets.
Our experience is also attracting attention from global investment funds, corporations and private investors, who are increasingly turning to us for advice on the Middle East’s property market.
The region’s competitive and complex market‌ A world of property services under one roof experience expertise excellence
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…calls for a broad range of expertise In the region’s increasingly competitive and complex real estate market, there is a corresponding need for a single source of fast, accurate and comprehensive information and analysis, a broad range of property services and indepth expertise. Whether you are an investor looking for a property, a mega-developer requiring valuations, feasibility studies or project sales and coordination services, or an owner needing property management, you can turn to Asteco for professional help.
Market research Asteco’s dedicated in-house research team constantly monitors market movement, property price and rental trends. Our market research team, supported by our sales and marketing division, provides exhaustive and timely data, tailored to our clients’ individual needs. We provide property sector reviews, regional market updates, value and rent indices and trend analysis tailored to specific client requirements.
Development consultancy In the two-plus decades since Asteco was founded, our extensive and growing list of clients — investors, developers, international banks, property trusts, financial institutions and private house hunters — have relied on us to identify opportunities, maximise resources and minimise risks. Our consultancy services include land use studies, project feasibility studies, master plan reviews and development analysis.
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Our valuation team provides comprehensive services to owners, occupiers, banks, institutions and developers. Our valuation expertise is manifest in reliable and actionable reports, produced using internationally recognised software, in areas such as project finance, secured lending, company accounts and mortgage valuation. A point of pride for us is the fact that many of our top people are members of the Royal Institute of Chartered Surveyors, a global leader in maintaining the highest standards of professionalism in valuations. Thus, our reports acquire great credibility and value, a source of confidence for banks and institutions.
Investment services Asteco’s investment services include strategic investment analysis and advice on individual assets or on a portfolio of properties. We also conduct negotiations on behalf of clients and manage legal affairs to ensure transactions are completed to agreed deadlines. Our team undertakes the acquisition and, as appropriate, the disposal of assets on behalf of clients primarily in the office, retail, residential, industrial and hospitality sectors throughout the UAE and the Middle East. Our clients are local, regional and international funds, institutions, property companies and private investors. For more information please ask for our investment brochure.
experience expertise excellence
Valuations
Property sales
One of the core businesses of the company is our sales division. It has witnessed a number of historical changes in the regional property market over the last two decades.
experience expertise excellence
The major one was the advent of freehold property in Dubai and the availability of ownership to non-nationals. The second is the ongoing regional development boom, which has made the region’s property market one of the most dynamic in the world. Because we’ve done business before and after the freehold laws came into effect, Asteco has unparalleled insight into the dynamics of this transition, and indeed, helped usher in the new era by providing services to developers and to first time buyers in Dubai. Thanks to our history of expertise, we have helped institutional and individual buyers and sellers make sense and take advantage of these new realities.
Asteco has also been at the forefront of the Dubai property upsurge, acting as sales agents for such high-profile projects as Business Bay, Jumeirah Lakes Towers, The Buildings by Daman (DIFC), The Palm, Jumeirah and Sheikh Zayed Road. Our experienced professional sales team also offers its services throughout the GCC. There are Asteco offices across the UAE, as well as in Bahrain, Jordan and Qatar, with plans for further regional expansion. We now represent numerous major institutional, commercial and residential clients across the region. To provide the best in service and support, our sales division works closely with our research, consultancy and valuations team.
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Leasing As with the property market in general, the UAE rental market has moved rapidly in recent years, particularly in Dubai and Abu Dhabi, where falling availability and rising prices have made Asteco’s long-standing expertise more vital than ever before. For over two decades, we have provided the region with pragmatic and effective leasing services in commercial and residential real estate. Our leasing team has helped landlords and tenants alike navigate their way through the soaring property market, offering services that range from consulting on promotion and marketing to advising on legal issues.
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While the Asteco name is often associated with some of the region’s most prestigious developments, our client list includes everyone from individual families to Fortune 500 companies. Today, thanks to our dedicated, knowledgeable and talented leasing team, Asteco is widely regarded as the leading leasing services provider in Dubai, Abu Dhabi, the Northern Emirates and, increasingly, in the region as a whole. More gratifying for us is the fact that time and again we have helped two of life’s traditional adversaries — landlords and their potential tenants — find common ground.
Property management Asteco manages an extensive portfolio of properties covering all property types ranging from private villas to office towers, condominiums to labour camps and serviced residential complexes to warehouses. We also manage a number of portfolios on behalf of clients and pro-actively deliver property management services from all of our offices. We provide a bespoke service to each of our clients and work with them to integrate property management operational requirements into the design of new developments and thus minimise expenses whilst maximising revenue opportunities over the lifetime of the asset.
We understand that real estate assets are investments with a financial value, which must be protected and enhanced. Our goal is to provide common sense property management advice and maintain a healthy relationship with owners and tenants during the period of our appointment.
Additional services As a natural extension of our core skills, we are pleased to offer our clients a range of additional services that include: – Furnishing and design – Individual unit property management – Retail consultancy and leasing advice
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Our staff knows the market, knows property… While we employ tried and tested cost metrics and state-of-theart analytical tools, our greatest strength is our people. Our qualified staff knows the market, knows property and knows what it takes to get things done. This is why Asteco has been the company of choice for many of the region’s finest real estate projects.
Our CEO, Elaine Jones, is one of the leading experts in the Dubai real estate market. With an unprecedented twenty years of regional property experience, she not only understands the market’s intricacies, but is also a thought leader on emerging UAE real estate trends. Our twin values of customer orientation and excellence of service will guide us towards longterm leadership and success.
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…and knows what it takes to get things done. excellence
At Asteco, we constantly strive for excellence. We are proud that this quality is reflected in our reputation. We stand by our clients throughout the development of their property, offering advice from initial design right through to final sale, helping them navigate property cycles. No wonder so much of our business comes from repeat clients.
We are also at the vanguard of our field with our leading expertise, both in the breadth and depth of our service. Finally, our experience, which spans over two decades, is unmatched in the region. The result? Confidence. Trust. Success. The last of these is what we dedicate ourselves to achieving for our clients. We invite you to share our journey to excellence and reap the rewards of mutual success.
experience expertise excellence
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1 World Trade Centre Residence — Dubai 2 Bab Al Bahr — Ras Al Khaimah 3 Oceana, The Palm Jumeirah — Dubai
4 The Buildings by Daman, DIFC — Dubai 5 The Pearl — Qatar
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1 Capricorn Tower — Dubai 2 Marina West — Bahrain 3 Saraya Aqaba — Jordan 4 Ajman One — Ajman 5 The Oberoi Centre, Business Bay — Dubai 6 Rebal Place — Dubai
Asteco Directors Elaine Jones Chief Executive Officer Bobby Abraham Director - Finance John Allen Director - Research, Consultancy and Valuation John Stevens Director - Property Management Jed Wolfe MRICS Associate Director - Kingdom of Bahrain, Qatar and Kingdom of Saudi Arabia
Asteco Offices Dubai - Head Office Capricorn Tower, Level 6 Sheikh Zayed Road P O Box 1714, Dubai, UAE Phone: +971 4 4037700 Fax: +971 4 4037778 Abu Dhabi Al Ghaith Tower, Level 3 #306, Al Hamdan Street P O Box 45640, Abu Dhabi, UAE Phone: +971 2 6262660 Fax: +971 4 6261923 Al Ain 1st Floor, National Bank Building Clock Tower Round About Opp. New Post Office P O Box 14443, Al Ain, UAE Phone: +971 3 7666097 Fax: +971 3 7666092
Bahrain Business Point Business Centre Building 628 Road 1011 Block 410 P O Box 26824 Sanabis, Kingdom of Bahrain Phone: +973 17552393 Fax: +973 17552383 Jordan Abu Tawelan Building Mecca Street P O Box 815321, Amman, Jordan Phone: +962 6 5855553 Fax: +962 6 5859927 Qatar Villa No 5, Al Saha Street Number 53 West Bay P O Box 31899, Doha, Qatar Phone: +974 4 4113818 Fax: +974 4 4113823
Sharjah 102, 1st Floor, Dar Al Majaz Building Jamal Abdul Nasser Street P O Box 60696, Sharjah, UAE Phone: +971 6 5533400 Fax: +971 6 5533104
enquiries@asteco.com
CONTRACTING
www.asteco.com
PROPERTY SERVICES
DEVELOPMENT