Aldar unit boosts OA portfolio with Mace businesses' acquisition
DUBAI
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Provis, a leading full-service real-estate company in the UAE, has announced that it had bought the Dubai-based Mace Macro (Mace) Group’s Owners Association business, adding approximately 4,000 new units to its already expanding OA portfolio.
Fully owned by Aldar Estates, Provis offers deep industry knowledge, technical expertise, and a commitment to exceptional service with a dedicated team that works as one to deliver integrated real estate services and solutions in the UAE and the wider region.
From property consultancy and management, OA consultancy and management, retail management, clubhouse and lifestyle management, sales and leasing, to building consultancy, valuation and advisory as well as franchising services, Provis applies innovative solutions and cutting-edge technology to add tangible value for clients as well as their properties at every stage of the property lifecycle.
As a result of the acquisition, Provis will now manage nearly 32,000 units under OA.
Provis CEO HP Aengaar said: "Starting 2022 with this strategic expansion is a testament to our carefully planned growth plans and enables us to ensure more owners and residents benefit from world-class, high impact and consistent real estate solutions."
"Acquiring Mace Macro’s OA division cements Provis’s position as the leading full-service real estate company in the region, and significantly increases our presence in Dubai," he noted.
The formerly Mace Macro managed units are located in Jumeirah Lake Towers Cluster E, Jumeirah Lake Towers Cluster O, Business Bay, Burj Khalifa District – Downtown Dubai, Motor City and Dubai Landline Residence Complex.
Big regional player
In January 2021, Provis assumed the responsibility of managing both Aldar’s retail operations and also of Asteco Property Management Company, expanding its offering to include retail operations, valuation and advisory, as well as franchising and becoming the largest full-service real-estate company in the Middle East.
Today, it manages over 25,000 units under property management and nearly 32,000 units under owners' association management in the UAE and wider region and manages over 1 million sq m of assets spread across 23 reputable commercial buildings.-TradeArabia News Service
