Real estate firm launches Al Mutawa OA management
Al Waleed Real Estate diversifies into owners association management
Al Waleed Real Estate has launched Al Mutawa Owners Association Management in Dubai to keep up with the latest developments in the real estate sector.
Mohammed Abdul Razak Al-Mutawa, CEO of Al Mutawa Owners' Association Management, said: "We are pleased to announce the launch of Al Mutawa Owners Association Management, which is part of our mother company's expansion plans."
He said the local real estate market in Dubai has improved since the implementation of the Owners Associations rules, as it had increased property owners' and investors' awareness of their rights, such as how to manage their own buildings.
He said that it was not easy to compare service charges between properties due to the number of different variables between buildings and requirements.
Al Mutawa added: "This management will support the work of the real estate sector to be able to reach its goal and help the industry as a whole, which is now slowly rising after the financial downturn."