(11 August 2009)
Tasweek, an advisor and solutions provider for the real estate industry, has announced that it is introducing its newly developed portfolio of innovative, outsourced services that meet the unique needs of Abu Dhabi’s burgeoning property market and help real estate firms successfully overcome the lingering effects of the global economic downturn.
In line with this, Tasweek has underlined the urgency for real estate agencies to capitalise on the transformation of the UAE capital into a fast-emerging real estate hub in the region, indicating that mega investments and infrastructure projects in Abu Dhabi are now estimated to be worth over USD 306 billion. Tasweek’s "sustainable real estate solutions" integrate joint venture, strategic alliance, capital injection and other strategic initiatives that are primarily designed to boost the core competencies of real estate firms and agencies, particularly in the areas of knowledge and networking, boosting their ability to attract new investors in Abu Dhabi’s burgeoning real estate market.
Masood Al Awar, CEO, Tasweek, said: “Real estate activity has picked up in the UAE capital with the emergence of large-scale property developments all over the emirate. However, in the wake of the global economic downturn, normal operations of numerous real estate and property firms have been severely affected, limiting their ability to fully capitalise on excellent business opportunities in Abu Dhabi’s growing market. Tasweek has come up with a solution by offering a complete range of outsourced services, particularly in the areas of professional expertise, knowledge and networking, that will help real estate firms restore their competitive edge."
Tasweek’s extensive industry experience and market expertise has been moulded through over 20 years of work in valuations, design, and real estate marketing to provide industry-leading counsel for property developers and agencies. The company already offers a solution to hedge future risks through world-class property management principles and implements conservative initiatives to ensure consistent positive cash flows for its clients. Tasweek also leverages its comprehensive network of contractors, including consultants and sales and leasing agents, to complement its core team of professionals and help clients optimise their growth initiatives.
“Tasweek is essentially restoring, reinventing and reengineering the property market through a pioneering integrated service portfolio, which opens new and exciting possibilities for real estate and property firms. Two of our core competencies are knowledge and networking: we have the means to introduce our clients to the right people and point them to high-potential business leads. We are thus perfectly positioned to enhance the competitiveness and maximise the long-term potential of developers. Our continuing thrust is to evolve into a one-stop-shop for the real estate needs of every market participant, from first-time property investors to major developers,” concluded Al Awar.
Tasweek is a specialist in the service marketing of real estate and related industries. Providing a strategic link between financial markets, real estate consumers and developers, Tasweek offers a complete range of products and services, including asset management, property leasing, joint ventures, acquisitions, strategic alliances, real estate development and marketing advisory. The private joint stock company is guided by its core values of business ethics, accountability, integrity and professionalism.