Salwan Marks 2nd Anniversary With 50% Growth to Management Portfolio

Leading Provider of Innovative Leasing Options Opened Five New Offices and Added Retail to Diverse Portfolio in Year Two

Dubai: 30 March, 2010 – Salwan LLC, a subsidiary of Dubai Properties Group (DPG) today announced it had completed its second successful year of operation with a substantial 50% increase to its management portfolio and the addition of retail units to its increasingly diverse real estate options.

Entering its second year with 18,000 units in its management portfolio, in 12 short months Salwan grew its business to include an impressive 27,000 units in 10 of the most sought after neighbourhoods in Dubai.

In January 2010, Salwan expanded its portfolio with the addition of retail leasing, effectively evolving into one of the region’s largest and most renowned companies, featuring a diverse selection of units across residential, commercial and retail real estate.
 
The company focused on delivering leasing options, strata and property management services as well as comprehensive real estate consultancy solutions to it valued clients and stakeholders.

Saeed Bushalat, CEO of Salwan, said: 

In our second year of operation we have earned the distinction of being one of the leading property management companies in the region.  Despite the difficult economic climate, we have adapted our business to address the needs of a new market reality and have succeeded in growing our company.

In the past year, Salwan implemented measures to more effectively meet the growing demand for affordable housing options in Dubai.   The company opened five new offices in some of the Emirate’s most sought-after neighbourhoods including Executive Towers in Business Bay, Al Waha, Layan and The Villa in DUBAILAND as well as Shorooq in Mirdif.
 
Salwan’s current real estate portfolio features residential, retail and commercial units in, Knowledge Village, DUBAILAND, Business Bay, Jumeirah Beach, Mirdif, Healthcare City, Al Quoz and Jebel Ali.

Notes to Editors

About Salwan Property Management

Salwan Property Management, a subsidiary of Dubai Properties Group, is a leading provider of innovative leasing and property management solutions and the introducers of the strata management system to the region. Established in 2008, Salwan offers a full spectrum of enabling services to residential and commercial stakeholders. Its service portfolio includes property management, leasing, sales / resale, hotel apartment management and real estate valuation and advisory services.  Salwan also offers a complete range of construction supervision and administrative services ranging from contract negotiations and build-out to leasing and risk management.

About Dubai Properties Group

Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations.  Through its subsidiaries Salwan and Dubai Asset Management, DPG provides end to end solutions for a variety of services including sales, leasing, facilities management and security.

The Dubai Properties Group offers a sustained level of quality and excellence from Dubai Properties for development of fully sustainable communities and Salwan for property management services company; to Dubai Asset Management, the facilities management provider and community security services.

Founded on principles of transparency, accountability, and dedicated customer focus, Dubai Properties Group aspires to become the best partner in providing unique lifestyles, by creating a world class organization that offers a wealth of industry knowledge and expertise. DPG will constantly seek new and innovative ways to deliver comprehensive solutions to its stakeholders, investors and business partners.

For further information, please contact:

Dina Samhout
Account Manager
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3755247
Fax: +971-4-3688001
Email: Dina.Samhout@jiwin.ae

Or

Stephanie Goodell
Director  PR & Corporate Communications
Dubai Properties Group
Tel:  + 971-4-4352042
Fax:  + 971-4-3672972
E-mail: Stephanie.goodell@dubaipropertiesgroup.com