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Tuesday, April 23, 2024

Andalusia launches new company for utilities, property services


Andalusia Real Estate Investment & Development, a leading real estate developer based in Dubai, has announced the formation of its new company, Plan B, which will handle utility and maintenance management engineering, property services and handover of its projects after service.

The launch is in line with Andalusia’s plan to offer integrated services to the real estate market, and comes just days after the group entered into a strategic partnership with Serdur Global, a Turkish group specialized in the decoration and manufacture of luxury furniture.

Andalusia, which started in Saudi Arabia and expanded to the UAE, is implementing several projects in both countries.

It recently launched “Maya Townhouse”, a 70,000 sq ft premium project in Dubailand Majan neighbourhood, featuring 30 luxury units including villas in three area categories (one, two and three bedrooms) + hall.

In addition, it is developing a 60-unit luxury townhouse project and mixed-use commercial projects in Dubai and Abu Dhabi.

Regarding the new company, CEO Saleh Tabbakh said: “This arose out of the group’s efforts to provide integrated services to the real estate market including financing, design, implementation and development.”

Tabbakh noted that the new company will provide post-construction and implementation services in an advanced and distinguished manner.

“The new company’s work will rely on our long-standing experience in property development and our insight into property needs and issues arising from property owners, whether investors or tenants,” he added.

Andalusia has appointed Mohammad Younus as CEO and partner of the Plan B company.

According to him, Andalusia targets landlords who are looking for capital and offers them innovative real estate solutions through its diverse set of companies and partners.

“We provide them with an attractive investment opportunity at a time when the real estate sector is at an all-time high,” he added.

Regarding his new role, Younus said: “Plan B will provide key solutions for developers, investors and tenants. It will also seek to provide information technology-based solutions, such as regulating expenditures to achieve the optimal settlement for each property. plan.”

“Additionally, it will seek to develop innovative services for the community, benefiting from the property’s tenants and their experience, and incorporating tems into work teams, providing them with the opportunity to earn additional income, and demonstrating to the community that this will be the first One of their kind in the region,” he added.trade arab news agency


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