Cavendish Maxwell launches property management services in Oman

Cavendish Maxwell, the Dubai-based chartered surveying practice and property consultancy operating in the Middle East and Africa, has launched end-to-end property management services for the Oman market, it has been announced.

According to a statement by the firm, the new service line will see the team provide bespoke, strategic property management services while overseeing the financial, leasing, marketing and maintenance aspects of clients’ properties and portfolios.

For a real estate asset to be profitable in the long term, property management strategies and solutions are required to extract value at the various stages of asset ownership, whether it is securing tenants, collecting rents or ensuring upkeep of the property, the statement explained, adding that the new department at Cavendish Maxwell will ensure efficient day-to-day management while working towards achieving the longer-term goals for the property investment.

Furthermore, the team’s remit includes the full spectrum of property management services: lease management covering the complete lease transaction cycle from new tenant contracts to rent reviews; asset-specific financial management including budget planning, reporting and collections; building and facilities management; contract management; tenant management and other services such as life cycle costing and insurance procurement.

The team will also benefit from the support of the project and building consultancy department in the head office in Dubai to provide holistic and tailored solutions to clients, the statement said.

Cavendish Maxwell said the new department will be led by property manager Zak Harper. In his seven years in the Middle East real estate industry, Harper had built an impressive property management portfolio overseeing 330,000 sqm of commercial and residential projects.

He has a strong track record in managing a range of properties for high-net-worth individuals, pension funds and government entities, and firms operating in sectors such as banking, oil and gas, and aviation, said the statement.

Harper will continue to engage with similar client profiles to identify and tap new growth opportunities for the company.

He became an Associate Member of the Royal Institution of Chartered Surveyors (RICS) in 2017 and is currently working towards completing his Assessment of Professional Competence (APC) to become a Chartered Member (MRICS) early next year.

Commenting on the launch, CEO Nigel Armstrong said: “We are thrilled to launch the new service line of property management to our existing strong suite of services available across the GCC. In our 12-year history, we have become known for our superior and personalised services, which has been made possible through our dedication, market knowledge and agility.”

“Through research and industry conversations we have found that Oman displays growing demand for superior property management services. We are confident that our new offering, complete with fresh strategies and the latest technology, will unlock immense value for clients in Oman and help them realise the true potential of their real estate investments,” he concluded.

This article was originally published in ME Construction News