The Real Estate division of Almulla Group offers third party management services as well as managing the Group’s own property assets, including Dubai’s original mixed use development and one of Dubai’s iconic landmarks - Almulla Plaza, built in the 1980s. The division has emerged as a significant property management operation.
Group interest in the property sector started as early as the late 1960s, when the Group developed and built its own properties to meet the growing needs of the embryonic business divisions within the Group at that time. The pace quickened considerably through the late 1990s into 2000s, as the Dubai economy grew strongly and accelerated the development of the Group’s business operations, stimulating new Group-wide demand for real estate.
The division grew substantially in response, developing its own land bank with a wave of new construction projects including staff accommodation, especially in response to demand from the Group’s healthcare business division.
For its internal and external clients, a dedicated real estate team provides services and support, including full facility management and maintenance services, supplemented by specialist third parties operating in key areas such as security.
Almulla Group is one of the first property management companies to register with, and work alongside RERA – Dubai’s Real Estate Regulatory Authority