Deyaar

Deyaar is a leading local and regional real estate developer and real estate services company. At inception, Deyaar was the property management unit of Dubai Islamic Bank. Deyaar was later established as a private shareholding company on January 6, 2001 and commenced operations on June 1, 2003.

About Deyaar

Established in 2002, with a paid up capital of AED 18.375 Million, Deyaar has grown exponentially to become one of the leading real estate development companies in the region, with a share capital of AED 5.778 Billion, following its IPO in May 2007.File:DeyaarLogo.jpg

While Deyaar is one of the largest developers at Dubai’s Business Bay, its real estate ventures span across major growth corridors and prime locations in Dubai, including Dubai Marina, The Waterfront, Jumeirah Lake Towers, IMPZ, TECOM, and Downtown Jebel Ali. The company’s current project portfolio includes multiple mid-sized community projects as well as iconic residential and commercial tower developments.

The firm’s international footprint spreads over Lebanon, Kazakhstan, Turkey, United Kingdom and United States with impending forays into Saudi Arabia, Qatar, and India.

Deyaar’s operations are divided across four key business units, namely, property development, lease management, asset management, and fund management, through which the company aims to maximize investor profits, while continuing to provide customers the highest levels of service in the industry and delivering real solutions that truly enhance the value of their property investments.

Brand Statement

To offer a new way of life to our customers and build communities that accommodate every need and every lifestyle

Delivering the highest product quality, Deyaar promises:

• An equitable treatment for all customers
• Respect for the society and the environment
• Reliability and transparency in all our dealings
• Simplicity in expression

Going Global

As part of our long-term goal to develop Deyaar into a truly global brand and our commitment to product and revenue diversification, we are increasingly expanding beyond our natural borders and across countries. At Deyaar, we believe very much in the value of a global community. This is why we actively seek opportunities to enter and grow in new markets and new regions. In the short period since our inception, we have invested in Lebanon and Turkey.

From hillside residential communities to villas in landscaped surroundings, Deyaar’s expansion in the global arena has been highly focused and geared towards creating better lifestyles for people everywhere.

Our vision is to become the leading developer of communities in growth markets across the world.

Business

Property Development

Property Development remains one of our core business areas. By combining engineering ingenuity, the latest technologies and a vision to create communities that provide natural living environments and top quality to its residents, we have rapidly emerged as one of the leading property developers in the UAE and abroad.

Deyaar is one of the largest residential and commercial developers in Business Bay, the up and coming financial heart of the Middle East. We also have major projects underway across the UAE in Dubai Marina, Jumeirah Lake Towers, Sheikh Zayed Road, Dubai Silicon Oasis, and Abu Dhabi and across countries such as Turkey, Lebanon, Saudi Arabia, India, Egypt, Syria and Qatar.

Every Deyaar development has to pass stringent quality tests, from design level to the execution, ensuring only the best is delivered to Deyaar’s customers. Our property development standards set the benchmark for our industry.

Property Management

We believe that Property Management is all about establishing mutually beneficial relations and providing end-to-end real estate solutions. This belief has enabled us to manage over 900 buildings across the UAE with 16,000 apartments and offices. Today, 95 per cent of Deyaar-managed properties are occupied.

Over the years, landlords and customers have come to respect our expertise in managing rent contracts and collections, facility management and advisory services. We generate over AED 800 million in rental income for our clients, and are committed to maximizing the return on investments for our partners and helping them unlock the true value of their property by using our insight and experience in property management gained over several years.

Property Leasing

Deyaar’s Property Leasing unit specializes in residential and commercial letting in the UAE. The unit currently manages a large portfolio of properties spanning prime locations and including a wide range of property types. At Deyaar, we understand the value that comes with personalized service. This is why we assist our customers at every step to ensure that their property meets their every need. We do this essentially by:

• • Helping our customers find the property that fully serves their requirements, from within our vast and varied portfolio
  • Carefully screening properties based on our customers’ instructions and assisting them at each stage -from site visits to moving into the property, ensuring optimum convenience at all times
  • Providing a high level of pre and post-sale service

Property Administration

At Deyaar, we channel all property management services through a single point of contact, thereby improving communication, reducing customer response time and maximising quality, while reducing overall costs to our clients. The efficiency and efficacy of our services is evidenced by our successful renewal rate, which exceeds 90 per cent. We provide our clients with a range of services, including:

• • Finding Tenants: Our leasing team constantly monitors market appetite to fill vacant units in the shortest possible time and secure the best value for our clients
  • Managing & renewing tenancy contracts: Our property consultants send renewal reminders at least 60 days prior to the lease expiry, ensuring maximum renewals before expiration of the lease, and thorough compliance with current and applicable rental laws and limits
  • Collection & Follow-ups: Our property consultants provide follow-up services in the instance of non-renewal before expiration of lease. Our collection officers also provide follow-up assistance in case of cheque bounce
  • Legal assistance: Our legal department provides assistance in filing rent / police cases against defaulting tenants, ensuring legal recourse and recovery of dues for property-owners
  • Monthly inspection of property: Our property consultants visit the property at least once a month to make sure the property is in good condition and report any issues to avoid damage to the property
  • Payment of security & maintenance staff: Our property management unit pays salaries to security and maintenance staff on behalf of property-owners
  • Insurance assistance: Our administration team ensures that the property is insured and renewed in time to protect property-owners against any natural calamities

Subsidiaries

Beirut Bay SAL - Lebanon - 100%

Deyaar (UK) Limited - UK - 100%

Deyaar Cayman Limited - Cayman Islands - 100%

Deyaar for Development SA - Lebanon - 100%

DIB Tower SAL - Lebanon - 100%

Dubai Insaat - Turkey - 100%

Omega Engineering LLC - UAE - 55%

Deyaar West Asia Coöperatief U.A. - Netherlands - 100%

Arady Development LLC - DIFC - 50%

Dubai International Development LLC - UAE - 50%

Town Tower SAL - Lebanon - 100%

Sources

• Company proflie [1]