Provis expands its portfolio with the acquisition of Mace Macro’s Owners Association business

Abu Dhabi – Even further strengthening its marketplace share and geographic footprint, major full-services real estate firm Provis introduced the acquisition of Dubai-primarily based Mace Macro (Mace) Group’s Proprietors Affiliation business enterprise, incorporating around 4,000 new units to its currently expanding Owners’ Association (OA) portfolio. As a result of the acquisition, Provis will now regulate almost 32,000 units under OA.

HP Aengaar, CEO at Provis, reported, “Starting 2022 with this strategic enlargement is a testament to our carefully prepared growth options and enables us to ensure a lot more proprietors and inhabitants reward from world-course, large effect and consistent real estate solutions. Obtaining Mace Macro’s OA division cements Provis’s posture as the primary whole-provider real estate enterprise in the region, and drastically improves our presence in Dubai.”

The formerly Mace Macro managed models are found in Jumeirah Lake Towers Cluster E, Jumeirah Lake Towers Cluster O, Business enterprise Bay, Burj Khalifa District – Downtown Dubai, Motor City and Dubai Landline Home Sophisticated.

In January 2021, Provis assumed the responsibility of controlling each Aldar Properties’ retail operations and the functions of Asteco Property Management Corporation, increasing its giving to include retail functions, valuation and advisory, as well as franchising and becoming the premier total-provider true-estate organization in the Middle East.

Nowadays, Provis manages about 25,000 models beneath home administration and almost 32,000 models under owners’ association administration in the UAE and wider region and manages over 1 million sqm of belongings spread across 23 reputable commercial structures. The corporation also manage more than 600,000 sqm Gross Leasable Region (GLA) of retail property throughout four procuring malls and 26 retail community locations and supervises and manages more than 1 billion dirhams in Facilities Administration contracts masking about 3,000 assets across the UAE.

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About Provis:

Fully owned by Aldar Estates, Provis is a complete-service real estate company that gives deep industry information, complex abilities, and a dedication to extraordinary services with a dedicated workforce that works as 1 to supply built-in real estate companies and answers in the UAE and the broader area. From Home Consultancy & Administration, Owners’ Affiliation Consultancy & Management, Retail Administration, Clubhouse & Way of living Management, Profits & Leasing, to Developing Consultancy, Valuation and Advisory as well as Franchising providers, Provis applies innovative methods and chopping-edge know-how to include tangible price for consumers as very well as their qualities at each individual stage of the house lifecycle.

Provis currently manages over 25,000 units beneath residence administration and nearly 32,000 models under owners’ association management in the UAE and wider area and manages more than 1 million sqm of belongings distribute across 23 reliable business properties. The corporation also manages in excess of 600,000 sqm Gross Leasable Region (GLA) of retail assets throughout 4 shopping malls and 26 retail group places. Provis is also house to above 1,400 retail makes.