By Ramy Sameeh

Abu Dhabi – Mubasher: A UAE-based compaby, Eltizam Asset Management Group, is targeting to expand its real estate assets up to 30,000 units by the end of 2016, said Chris Roberts, Executive Director at Eltizam Asset Management Group.

On the concluding day of Cityscape Abu Dhabi, the executive director told Mubasher that "the group is presently managing 6,000 residential units and they will be increased to 10,000 units within the upcoming three months as part of the 30,000–unit vision by the end of 2016".

He indicated that Eltizam-managed units' occupancy rate is ranging from 90% to 95%, anticipating rents to steady during the current year.

Moreover, the residential rental market is a robust space with a high yield swinging between 7% and 10%, Chris Robert said, expecting, commercial units' rent to fall by 5-10%, however.  

According to the company's website, Eltizam is a leading asset management company, providing holistic services for clients through its operating subsidiaries Three60 Communities and Tafawuq Facility Management. Tafawuq Facility Management, a founding member of Middle East Facility Management Association (MEFMA), coordinates and oversees the maintenance of all facilities, and tailors solutions to clients’ needs. Three60 Communities provides turnkey property management solutions and a full spectrum of community management activities.

Translated by Ahmed El-Sayed Ali