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Salwan Marks 2nd Anniversary With 50% Growth To Management Portfolio

Leading Provider of Innovative Leasing Options Opened Five New Offices and Added Retail to Diverse Portfolio in Year Two

Salwan LLC, a subsidiary of Dubai Properties Group (DPG) today announced it had completed its second successful year of operation with a substantial 50% increase to its management portfolio and the addition of retail units to its increasingly diverse real estate options.

Entering its second year with 18,000 units in its management portfolio, in 12 short months Salwan grew its business to include an impressive 27,000 units in 10 of the most sought after neighbourhoods in Dubai.

In January 2010, Salwan expanded its portfolio with the addition of retail leasing, effectively evolving into one of the region’s largest and most renowned companies, featuring a diverse selection of units across residential, commercial and retail real estate.

The company focused on delivering leasing options, strata and property management services as well as comprehensive real estate consultancy solutions to it valued clients and stakeholders.

Saeed Bushalat, CEO of Salwan, said: “In our second year of operation we have earned the distinction of being one of the leading property management companies in the region. Despite the difficult economic climate, we have adapted our business to address the needs of a new market reality and have succeeded in growing our company.

In the past year, Salwan implemented measures to more effectively meet the growing demand for affordable housing options in Dubai. The company opened five new offices in some of the Emirate’s most sought-after neighbourhoods including Executive Towers in Business Bay, Al Waha, Layan and The Villa in DUBAILAND as well as Shorooq in Mirdif.

Salwan’s current real estate portfolio features residential, retail and commercial units in, Knowledge Village, DUBAILAND, Business Bay, Jumeirah Beach, Mirdif, Healthcare City, Al Quoz and Jebel Ali.

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