IVC is benefiting the UAE economy in numerous ways, and this is evident by the fact that IVC has signed a number of Memorandum of Association agreements with key members of the UAE business and travel sector. These agreements have been tailored to suit the needs of all involved, ensuring that both sides benefit. IVC has signed Memorandum agreements with Emirates Towers and Madinat Jumeirah Hotel. Chartered Accountants in UAE provided for the free exchange of real estate leads between IVC and selected vendors within the UAE. The MOU also covers advertising, event promotion, hospitality, leisure, and trade activities, and property management and leasing.
The Madinat Jumeirah Hotel was signed in June. Located on Emirates Tower’s observation platform, the hotel is managed by the Dubai Holding Company (DHC). This flagship property of DHC is strategically located to cater to the leisure, business, and travel needs of the residents of the UAE. The majority of the occupants of the Madinat Jumeirah Hotel are expatriates and foreign workers. It aims to create a “model of quality living”, which includes a five-star facility, a state of the art fitness center, a swimming pool, a spa, a conference and convention center, and a shopping center.
The Madinat Jumeirah has twenty-three rooms and features an international conference and convention center. It also boasts a spa, a swimming pool, and a restaurant. It is fully furnished and equipped. The hotel features a five-star standard and is fully air conditioned. In addition, all rooms feature a minibar and a direct-dial telephone with Internet access.
The Madinat Jumeirah is also an investment property owned by a UAE national. The property is managed by the Abu Dhabi Investment Company (ADIC), a government enterprise based in the United Arab Emirates. It is not yet operational. The acquisition of the property was completed in March 2021. The price is not disclosed publicly.
How ICV is benefitting the local and foreign investment community is the role of the property manager. The property manager is responsible for ensuring that the tenants are happy with their stay and also looking out for the future tenants. A property manager needs to have a good commercial property background. The role of the property manager is often considered a consultative one, as it is more involved than simply looking after the current tenants.
For example, they are responsible for doing pre-screening of potential tenants, conducting credit checks, inspecting the premises, and ensuring that security levels are adequate. They are also involved in dealing with any complaints or questions that may arise from customers. This helps to ensure that the business runs smoothly and that there are no issues that could hinder the smooth running of the business. They also liaise with all concerned, including the owners of the building and the owner of the property.
The main reason as to how ICV is benefitting the business is that the property managers can charge a better salary and benefit package than an independent property owner. As a result of this they are in turn able to attract and retain a better talent pool. This will obviously be very beneficial to the businesses welfare. The job of a property manager can also be rewarding, as there are no limits on the areas one can delve into.
In conclusion, how I CV is benefitting the business can be in many ways. Firstly the role of a property manager has increased in importance. Secondly the flexibility that the role offers allows one to hold the business to fit the client’s needs. Lastly, the benefits of a good commercial property manager will always be there for the businesses benefit. This article has hoped to cover some of the different ways in which how I CV is benefitting the business. We all need to remember that businesses are run for profit and therefore a good return on investment is crucial.
