A new tech-driven building administration system developed in Dubai will certainly transform the way real estate agents and proprietors connect and aid renters resolve issues swiftly and much more successfully, its designers say.

Devised by fm Properties, one of the UAE's biggest real estate brokerage firms, it gives property owners peace of mind by supplying live problem records, budget plan projecting and showing actual return on investment (ROI) for private properties with a unique online platform.

Fortunately as well for tenants, frequently discouraged by postponed action to immediate maintenance troubles, includes an instantaneous interactions network to solve residential issues like AC breakdowns, plumbing leaks and electric failings.

" The objective is to take residential property monitoring services to a brand-new level, using modern technology to make it much quicker, easier and a lot more effective for real estate agents, proprietors and lessees to speak to each various other," said Firas Al Msaddi, Chief Executive Officer of fm Properties.

" This is another very first for the Dubai property market, and we feel it's particularly crucial in the present economic climate to embrace an innovative approach to property overall."

Having last month released an innovative market analysis device providing real-time understandings right into Dubai property trends, fm Properties thinks its new property monitoring offering will aid eliminate lack of confidences towards real estate agents in the UAE market.

It makes up an Oracle-based client relationship administration (CRM) system connected to an Android and iOS app, both developed by the company's internal tech design team.

The bespoke online platform, which can be individually tailored, considers maintenance fees, service charges, incoming rent and all various other monetary aspects to determine real ROI for property owners.

They also have paperless access to all files for each property, obtain in-depth month-to-month, bi-annual or annual reports, and avoid lengthy trouble of telephone calls, e-mails and conferences with agents in the process.

" For capitalists, there's a major advantage in being able to access actual time data, rate of property manager reaction, photos, quotes, occupant's complete satisfaction and actual ROI, as opposed to guarantees of 6, 7 or perhaps 8 percent returns and a succeeding shipment of different numbers due to absence of performance," said Ahmed Abou El Naga, Director of Possession Administration for fm Properties.

By utilizing the new Fixit application, which is linked to the on-line CRM platform, to post info and photos, occupants could instantaneously could bring urgent upkeep problems to the prompt attention of property managers and representatives.

" This instantaneously places the trouble right into perspective and causes faster solutions," said El Naga

" That's vital for tenants that might be left without Air Conditioning during the warm summertime or require timely activity to repair leaks."

The apparent advantages of the app for the tenants are expected to boost tenancy rates for handled units, increasing profitability for proprietors while doing so.

The new property monitoring system provides a specifically useful lifeline for proprietors based outside the UAE who have the ability to check in on their properties in real time and promptly manage any kind of concerns.

Caption: Firas Al Msaddi, CEO of fm Properties