Being one of the most prosperous and appealing cities in the Middle East, foreigners are moving to Dubai in vast numbers.
Even if renting property is a preferred choice among foreigners, it’s not optimal if you plan to stay long term. In fact, property prices are relatively low compared to the obscure rents that can be found in many places.
If you plan to buy a property in Dubai, you might need someone to look after it for you. Don’t worry, there are plenty of property management companies to choose among.
In this article, I’ve listed some of the biggest and most popular property management companies in Dubai.
1. Key One Properties
KeyOne Properties is an international real estate company and a subsidiary of KeyOne Realty, which was founded in 2006. The company currently owns three subsidiaries, all working in the real estate sector. These companies are:
- KeyOne Real estate (realtor)
- KeyOne Homes (holiday home short-term rental service)
- KeyOne Properties (real estate management and long-term rental company)
They offer real estate management services for residential, commercial, and retail properties all over UAE. In addition to Dubai, they also have offices in Abu Dhabi and Ras Al Khaimah.
The company has over AED 200 Billion worth of property under management, which is pretty impressive.
Services & Fees
KeyOne Properties offers many services related to property management, including lettings, management, maintenance of housing tools, online payments, and offering a landlord portal on their website.
You can also choose from customized plans such as optional inspections, tribunal assistance and property care services.
The property listing service is free, while they claim 5% of the rental incomes for management services and a 7% fee with the additional services mentioned above.
Office 311, IBN Battuta Gate
Sheikh Zayed Road,
Dubai, United Arab Emirates
Founded in 2000, ZMG (Zidan Management Group, Inc.) is a property management company offering services in Dubai and Sharjah. ZMG is owned by an American, Raed Zidan, who leads a team of 100 multilingual people. The company also operates in the US, as well as in the Gulf region, and is a leading property management company in Dubai.
Raed has founded several other companies in US and the Gulf in the past, like L.I.N.C, which is a phone company.
Services & Fees
Include property management services for residential and commercial properties, like apartments, condos, and villas. They’re currently managing around 5,000 properties.
ZMG offers property management, property leasing, and sales services. The property management services include marketing, tenant screening, full-service leasing, rent collection, maintenance, financial analysis, and accounting.
Office 501, Ibn Battuta Gate Offices
Blueground is a hospitality company that established in Greece in 2013. The company has grown fast since and currently manages more than 400 apartments in Dubai.
With more than 250 employees in the US, Dubai, Greece, and Turkey, Blueground has managed to take on multinational clients like Coca Cola, Siemens, CNN, LG, and Samsung.
Services and fees
Blueground’s services differ from traditional property management companies.
Firstly, they lease and later furnish high-end properties. After, the units are sub-leased to primarily senior business travelers that stay in Dubai for a month or longer.
The key benefits of using Blueground’s services as a property owner are:
- Blueground leases your apartment for a period of 3-5 years
- They furnish your apartment with bespoke furniture
- If there’s no tenant, Blueground still pays you on a monthly basis
- You don’t need to worry about repairs or maintenance
The company makes its earnings from the final rental price charged to the sub-tenant.
Office 2504, Media One Tower
P.O. Box 211542, Dubai
4. BSO Dubai
BSO is an emerging property management company in Dubai, with clients in 31 countries. According to BSO, their average client’s ROI is 7% and they’re currently managing 102 mega projects in different parts of Dubai.
They mainly offer real estate management services for commercial and residential properties to landlords living outside of Dubai.
Services & Fees
Property management services include tenant screening, maintenance support, lease management, rent collection, online payments, resolving rental disputes.
They charge a standard fee of AED 500 a month.
Office 701, Concord Tower, DMC
Asteco is one of the most prominent full-service real estate agencies in the UAE. This property and asset management company was founded in 1985, making it one of the oldest real estate agencies in Dubai.
In addition to Dubai, the company offers services in many other places in the Middle East, including Abu Dhabi, Sharjah, Jordan, Saudi Arabia, and Al Ain.
John Stevens is the current Managing Director of the company and leads a multilingual team of mostly expats from North America and Europe. He joined Asteco in 2004. Before that, he worked in the real estate sector in Southeast Asia for over a decade.
Some well-known residential and commercial clients include Aldar, Al Abbar Group, Deyaar, Tameer, Alain Properties, Aabar, Abu Dhabi Finance, and more.
Asteco has won several awards in the last years which makes it one of the most recognized real estate agencies in the region.
In 2017, they won several awards by International Property Awards that include Best Property Consultancy (also in 2016), Best Letting Agency, and Best International Property Consultancy Marketing. They also won Menafa Excellence Franchising Awards in the same year. In 2016, they were voted as a Superbrand according to UAE’s Choice.
Services & Fees
Asteco offers a wide range of real estate services, including online property listings, valuation & advisory, sales, leasing, and asset management (retail, commercial, and residential).
Since 1985, they’ve managed more than 5,700 buildings, both residential and commercial. They’re currently managing more than 13,000 units and around 385 developments.
Individual clients as well as entire residential compounds and towers can use Asteco’s services. They also manage apartment blocks that are associated with hotels, as well as mixed-use developments.
3rd Floor, Rolex Tower, Sheikh Zayed Road
(Next to Financial Centre Metro Station)
6. Provident Estate
Provident Estate is a full-service real estate agency that ranks among the top real estate agencies in Dubai. It’s an award-winning and ISO certified company, known for its high-quality services.
Founded in 2008, Provident Estate quickly climbed to become a top agency in Dubai within a period of just two years.
Provident Estate established their property management wing in 2012, after a year, they started a facility management service as well. Their second Dubai office opened its doors in 2014.
The founder and CEO of the company is Loai Al Fakir, a graduate from Kingston University that relocated from Greece to Dubai in 2005.
He leads a team of 40 people from a variety of countries and that can communicate in more than ten languages.
The company has won several awards and certifications in the last few years, including the Best Brokerage Firm Award by the Dubai Land Development in 2014. In 2013, they won Best Property Website in Dubai Award by International Property Award.
Services & Fees
Services include property and facility management for residential, commercial, and industrial properties. Some examples are: single units, retail space, holiday homes, townhouses, apartments, villas, and office space.
Provident Estate offers two types of plans depending on your needs.
The full management plan cost you 8%, but includes a wide range of services. Some examples are: marketing, leasing, tenancy contracts, rent collections, repairs, property inspections, and having a dedicated administrator.
The other option is a leasing service for 5%, which only includes tenancy related services, but no inspections and maintenance services.
#602, Maleka Al Zarooni Building, Sheikh Zayed Road, Al Barsha
Binayah is an emerging full-service real estate agency and property management company that was founded in 2007. In the past years, Binayah has worked with some of the top property developers in Dubai such as DAMAC, Nakheel, Dubai properties, and Emaar.
Binayah has around 15 multilingual property consultants and property managers, operating in Muscat and London.
The company offers a wide range of services that include asset management, property management, sales, leasing, and real estate brokerage service. The services are available for both commercial and residential properties.
Services & Fees
Binayah offers landlords online access to their property portal that has plenty of useful information. Thus, landlords who lives abroad can better manage their properties.
In addition, their property management services include marketing, tenant management, money management, maintenance, and dispute resolutions.
Binayah Real Estate – Dubai, Suite: 908 | Executive Heights, Barsha Heights(Tecom) PO Box 487303
8. Better Homes
Better Homes LLC is one of the biggest full-service real estate agencies in the GCC region, including Dubai. With more than 500 employees, Better Homes has several offices in the Middle East.
The company was founded by Linda Mahoney, who’s currently acting as the chairman of the company. Her son, Ryan Mahoney, is working as the current CEO.
Linda Mahoney is originally from Canada and previously worked as a nurse. She moved to Dubai in the early 80s, where she started a surgical clinic. In 1986, she started Better Homes, and switched her career to become a realtor.
She and her son lead a team of multilingual staff, working in Dubai, Sharjah, Abu Dhabi, and Qatar. They’ve worked with some of the leading developers in Dubai.. For example, they’ve managed several Emaar projects like The Lakes, which is one of the most well-known projects built by Emaar.
Over the years, Better Homes has won many awards like the Top Sales Lead Generator Award by Dubizzle Awards in 2017. They were also voted the Most Popular Brokerage Award in 2015 by Property Finder, and Dubai’s Most Popular Broker Award by Property Finder in 2014.
Services & Fees
Include property management services to landlords, like marketing, tenant screening, rent collections, maintenance, and everything that falls in between.
Better Homes is currently managing 5,000 properties, with an occupancy rate of over 95%. The company claims a fee of 8% or AED 5,000 yearly, whichever is higher.
Vision Tower 42nd floor, Business Bay
9. Yallarent (AirBnB)
Yallarent is a property management company based in Dubai that specializes in short-term rentals. The company works in partnerships with companies like AirBnB, to earn higher rental yields for property owners.
The founders are husband and wife, Nour and Alex, who started out by renting their own homes in Paris and London. Later, they decided to do short-term rentals full-time and started Yallarent in Dubai.
The company not only manages your residential property, but also promises to increase the rental yields by 40%.
In addition to AirBnB, they list your property on several other similar online portals, like Booking.com, Holiday Lettings, HomeAway, VRBO, and Tripadvisor.
Services & Fees
The company offers different plans. First, they have a Premium management plan including everything from marketing, maintenance, repairs, and tenant screening. They collect 20% of your rental incomes as a fee.
The second and most popular plan is called Basic management where they claim 15% of the rental incomes, coming with basic management services.
For hotel apartments management they charge 6% of rent. They also offer one of services for 100 AED.
Business Bay Dubai
10. TFG Asset Management
TFG Asset Management is a leading property and asset management company in Dubai, known for offering customized management services to clients.
The company is also referred to as The First Group Asset Management and has a multilingual team with expertise in hospitality and in the hotel industry.
The company is based in Dubai, but operates in Spain, Qatar, and the UK as well.
It was founded by Danny Lubert and Gary Shepherd that currently act as joint chairmen. Both are British nationals having decades of experience working in real estate internationally.
Some of their clients and partners are Wyndham Hotel Group, Auris Hotels, Solo, Carrefour, and Hsmai. The focus of the company is in the hospitality industry where we find mostly hotels and commercial space. However, they can help with residential property management.
Services & Fees
Include a wide range of asset and property management services customized for residential, commercial, and hospitality clients.
Services include pre-opening phase, property handover, risk analysis, inspections, asset optimization and maintenance, and dynamic leasing solutions.
24th Floor, Tameem House, Barsha Heights
PO Box 24573
Colliers International is a global real estate agency and property management company. With an annual revenue of USD 2.6 billion, it ranks among the biggest real estate companies in the world.
The company employs more than 15,000 people and has offices in 69 countries, including UAE. The head office of the company is based in in Seattle, Washington, United States.
In addition to being one of the biggest real estate agencies, it’s also one of the oldest, founded in 1898 in Canada. It became a global name in 1976 when it shifted to the United States and merged with two other real estate agencies to form Colliers International.
Colliers International has offices in Dubai and Abu Dhabi. The UAE offices are managed by Ben Scott, who is working as the Associate Director.
Services & Fees
Include full suite of property management services to residential and commercial clients. Some examples are tenant management, building operations and maintenance, facility management, property accounting, reporting, lease management, revenue collection, performance analysis, strategic advice, and investment support.
Al Shafar Tower 1
12th Floor, Barsha Heights