Management contract secured at the Siraj Tower

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17/04/2016 - Real Estate

TFG Asset Management has been appointed the asset manager for the new and exclusive residential property, Siraj Tower.

The 308-unit Siraj Tower, owned by Al Madar Group WWL, is located close to Dubai Miracle Garden in Arjan, Dubailand. The 30-storey building features a range of studio, one-, two- and three-bedroom apartments. The design of the property is said to be inspired by Spanish and Roman architecture.

Key features at the property include:

- A spacious reception lobby area

- Four high-speed elevators and a separate service lift

- Two swimming pools (one for children)

- Jacuzzi, separate ladies and gents sauna

- Fully-equipped gym

- 24/7 security and maintenance

- Parking facilities

- Party hall and children’s play room

The management contract marks a significant win for TFG Asset Management as it works to diversify its portfolio to include properties owned by third-party clients.

“Securing the contract with Al Madar Group WWL reinforces our mature position in the region,” said Head of Business Development & Operations – Residential, Deirdre McCarthy-Betzold. “With the increase in residential building handovers, owners will need to hire professional asset managers to manager their properties. Asset managed Siraj Tower will open the door to further such opportunities.”