FAB properties provide end to end property solutions and it is the best real estate service provider in the UAE. It was established in the year 2011 by the First Abu Dhabi Bank. It has its headquarters in Abu Dhabi and operates both into commercial properties and residential entities in prime locations of the UAE. A special team of eminent personalities is employed by the organization and they provide the best services according to international standards and practices. With the aim to position itself as a pioneer real estate services provider in the UAE, it provides support to Abu Dhabi 2030 Urban Structure Framework Plan.
FAB properties offer high-quality services in professional real estate solutions and create a long time value for its clients. Landlords trust the Fab properties organization and give the properties for management. They establish a pioneering real estate service provider in the UAE and offer end to end property solutions.
FAB provides services such as leasing, marketing, and hospitality services. It also provides a wide range of services to its customers such as
- Financial reporting and valuation
- Property management
- Facilities management
1. Financial reporting and evaluation
FAB properties provide clients with reliable timely up to date information which includes monthly reporting on income generation. The details about the cost spent on properties, capital expenditures reporting for the properties, the information about vacant property units, and details about post-dated cheques are provided to the clients.
FAB properties offer financial services such as the collection of rent from the tenants, monthly payment of statement of accounts of suppliers, management of related bank accounts. All the expenses are related to property maintenance and the FAB properties offer financial services to clients. First Gulf Properties (FGP) manages insurance needs for FAB properties under their management
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2. Property Management
With the intention of providing the top quality services to the landlords and property owners, FAB properties provide the best comprehensive management services. Tenant satisfaction is the main prospective goal of the FAB properties. The company believes in building a long term relationship with clients. The expert teams at FAB properties have more than 10 years of market experience. FGP has a portfolio that exceeds 14,000 property units which range between mixed-Use Properties, commercial properties, residential apartments, warehouse properties, retail properties, labor camps, and others. Property management services include the following:
- Rental Estimation
- Leasing
- Brokerage
- Budget reports and rental estimation
- Marketing services
- Design and Planning consultancy
3. Facility Management
FAB Properties has a facility management division that handles multiple aspects of maintenance services which makes sure tenant satisfaction is achieved in all properties.
The maintenance services include corrective and preventive maintenance, management of hard and soft services. Emergency management support services are provided on all maintenance issues across all properties which are managed by FAB properties. The contact numbers for maintenance service providers are provided in their respective buildings. The most important services provided by the FAB properties are listed below.
FAB Properties Soft Services:
- Security Services
- Cleaning and Garbage collection services
- Landscape maintenance including indoor and outdoor plants
- External glass cleaning services
- Hygiene products and pest control
- Management and maintenance of Swimming pools
- Maintenance of Gym and health clubs
FAB Properties Hard Services:
- AC maintenance
- General Maintenance
- CCTV cameras management
- Window cleaning equipment
- Elevator and escalator maintenance
- Automatic doors, barrios, and windows maintenance
- LPG maintenance
- Window cleaning services
- Satellite Maintenance TV system
- Garbage disposal maintenance
FAB Properties and Credit Bureau
FAB Properties becomes the first Abu Dhabi real estate agent which uses the Al Etihad Credit Bureau’s credit data to find out if a tenant has the ability to pay the rent on time or not.
The FAB property adoption of credit reports, scores indicate how the credit score reach is growing. More and more financial institutions in UAE such as banks have already processed and are relying on the organization credit data. These institutions are using the credit score data to find the creditworthiness of customers.
FAB properties tie-up with the credit bureau helps to manage risk in tenancy applications and renewal processes. A credit score is the most common tool and it plays a key role in the company’s decision making.
FAB has its headquarters in Abu Dhabi, it manages both residential and commercial properties. Credit score data will help the company in finding out the risk and tenant fulfilling obligation. Beyond financial services, it would showcase credit reports, scores, and indicators.
The reliability of the credit score report is based on the fact that financial institutions and non-financial institutions, telecom industries, and utility companies supply data of customers to the Al Etihad Credit Bureau. This data includes the payment structures of the customers to these organizations.
Al Etihad Credit Bureau also collects data from various sources such as court data, rent payments, salary payment to make sure resident payment obligations are transparent to lenders.
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Contact FAB properties
FAB properties have their offices in five locations: Abu Dhabi, Dubai, Sharjah, Al Ain, Dubai Investment Park. Work timings are from 8 am to 3 pm, open on all weekdays except Fridays and Saturdays. Below are the contact details and site locations.
1. Abu Dhabi Office Location
FAB, AL Qurm area, Right behind Khalifa Park, The Ministry of Labour, and diagonally across ADNOC, Mezzanine Floor. PO.BOX -33744. Call- +971 2635 4444; +971 2635 4645
2. Dubai Office Location
FAB Building, Al Jadaf Area, Al Khail Road, First Floor. PO.BOX- 52053. Call- +971 437100 99; +971 4323 3760
3. Sharjah Office Location
Index Tower, 1st floor, Office No 103 in Buhairah area, Near to Hilton Sharjah Hotel. Call- +971 6519 1919; +971 6554 2921
4. Al Ain Office Location
Mezzanine No: 2, FAB Building, Oud Al Touba (beside Central Bank-Al Ain). PO.BOX-18781. Call- +97126354444; +9713764 3431
5. Dubai Investment Park
Unite 1A, Building 14 from Gate 7 or 4, P.O. Box 488178, Dubai, United Emirates. Call +971 43710129, 43710099, +971 43710299; Mobile: 0505316240
Also, you can contact the FAB Properties Facilities team through their call center number 02 6354444 and through an email: fabprop.care@bankfab.com
About the author
Vinay Kumar Goguru is a finance professional with more than 8 years of diverse experience as a researcher, instructor and Industry work experience with both public and private entities. Prior to MyMoneySouq, he spent 6 years in Berkadia, It's a commercial mortgage banking company. He has a "Doctoral Degree in Commerce" and two master's degrees with a specialization in Finance, one as Master of Commerce and other as Master of Business Administration. He has written several articles on personal finance, published by different International journals. He loves traveling, reading and writing is his passion. He has a dream of writing a book on his favorite finance topics.
