Business Review

Empowered by a strong set of values and an unrivalled commitment to customers, ADCB is creating more value for shareholders and a better banking experience for more than 886,000 customers.

Business Review

Property Management

Our property management business is a vital part of the UAE’s real estate sector, providing ADCB’s characteristic customer service excellence at every turn.

ADCE is one of the leading service providers for the real estate and property development industry in the Gulf Cooperation Council (GCC).

As such, it is the partner of choice for complex medium- and large-size regional development projects. It delivers a full range of building design and construction property development services, with a sharp focus on efficiency.

By capitalising on the diverse fields of expertise of a skilled team of evaluators, engineers and architects, the business is noted for delivering added value and going above and beyond when it comes to meeting customers’ requirements.

WHAT WE DO

Property Management operates through our wholly- owned subsidiaries, Abu Dhabi Commercial Properties (ADCP) and Abu Dhabi Commercial Engineering Services (ADCE). In addition, Property Management oversees ADCB’s investment properties and rental income.

ADCP is a major participant in the UAE real estate sector. On behalf of the Department of Finance of the Government of Abu Dhabi, and others, it manages more than 2,100 buildings, comprising of more than 52,000 residential and commercial units throughout the UAE. A team of more than 250 experienced real estate professionals, delivers tenant management, leasing, facilities management and construction & project management services.

ADCP also manages a rapidly growing private portfolio. The units managed on behalf of the Department of Finance are part of a government initiative, which grants land for commercial or residential development to Abu Dhabi Nationals.

ADCE oversees the construction of those buildings. Once complete, ADCP provides ongoing facilities- management services.

In 2018, our property management business had an operating income of AED 222 million and collected more than AED 2.5 billion in rent on behalf of its clients. The business also addressed more than 197,000 service requests and resolved over 51,000 landlord-tenant queries.