Leading Real Estate Development Company, Trident International Holdings (TIH) today announced the appointment of Asteco, UAE's largest property services company as facility managers for The Waterfront, Trident’s first freehold super luxury residential project at Dubai Marina. The property services company will manage and facilitate the unique features of this 20 storey tower.
As part of the arrangement, Asteco will be the sole project managers of The Waterfront and will be responsible for maintaining and managing the exclusive private and public space of the tower. Asteco will also be entrusted with the project’s state of the art amenities besides other common facilities like the swimming pool, children’s play area, banquet hall and state of the art gymnasium.
Announcing this appointment, Mr. Wazir Daredia, Executive Director & CEO – TIH said, “Facilities management is a very crucial aspect of any real estate development. As a developer of luxury residential projects, we realize the importance and need of having a good project manager who understands our niche offerings as well as discerning requirements of residents of high value property. Asteco provided the right fit for us with their unmatched experience and value added service expertise.”
Commenting further, Mr. Daredia said, “Facility managers play a very crucial role as a link between the developer and the home owners. Needless to say a well maintained building with happy residents will go a long way in crafting the real success of a project.”
Mr. Andrew Chambers, Managing Director of Asteco said, “The Waterfront is indeed a dream project for perfect home seekers. As Trident has paid attention to every minute detail of the project, our job will be to deliver the true essence of this tower as envisioned by them. Living up to the high standards set and the many unique features of this project will be a challenge for us that we look forward to.”
Asteco’s basic service operations for The Waterfront will include building, security, cleaning services as well as common area systems, maintenance of building, apartments, and equipment. In addition, all inspections and repairs, insurance matters relating to the property, parking area management and all resident queries and concerns pertaining to property management will be addressed by the company.
Asteco will also supervise the maintenance of the two penthouses which have their own temperature controlled private swimming pools and gymnasiums as well as the new concept ‘Sky Villas’, each with own private gardens located high up on the 17th and 18th floors.
The Waterfront is located at the heart of Dubai Marina and is surrounded by the sea on one side and the Jumeirah Islands on the other. All the 72 residential units that comprise the tower enjoy spectacular view of the Marina and the new Jumeirah Islands development. All units of this project are ‘3G Smart Home’ enabled and are equipped with state-of-the-art Home Automation Systems for comfortable lifestyle management, combined with elegance, simplicity, intelligence, flexibility, and security.
Asteco has an extensive portfolio of properties currently under management, with a number of these being managed for a period of several years now. The company’s approximate amount of real estate under property management has increased to over 5,000,000 sq. ft. Founded in Dubai in 1985; Asteco is the UAE's largest property services company. Its services include retail, commercial and residential sales and leasing; strategic consultancy; property management and marketing; feasibility studies and valuations; and research and investment.
Trident International Holdings is a global group engaged in diversified corporate activities with presence in major cities world wide. With a committed focus on up market and super luxury living, the group has revolutionized the concept of ‘luxury living’ in the Middle East. Trident has pioneered some bold concepts related to up market luxury living, most of which are benchmarks in the industry.
© 2006 Al Bawaba (www.albawaba.com)
