EFS wins $4m FM deal from Dubai Real Estate Corp
EFS will manage and deliver a range of property services at the newly constructed Karama residential development in Dubai
EFS Facilities Services has landed a AED15m ($4m) four-year facilities management contract from Dubai Real Estate Corporation.
The company will manage and deliver a range of property services at the newly constructed Karama residential development in Dubai.
The project comprises of 572 apartments, 153 retail outlets and 802 parking spaces, with a total built-up area of 1.4m ft2.
EFS will run a managed asset replacement (life cycle) plan, combined with maintenance and operations of the common property areas of the development.
It will also operate a 24x7 help desk facility for tenants.
The deal was signed by Hesham Al Qassim, vice chairman of Dubai Real Estate Corporation, and Tariq Chauhan, Group CEO of EFS.
Chauhan said: “We are pleased to have won a mandate to deliver both hard and soft facility management services, focused on delivering efficiencies and a high-quality customer experience. Underscored by our local expertise and global knowledge, we are confident that we will play a critical role in ensuring that the property is managed efficiently with minimal running costs, whilst maximising the life of the property.
"The new contract further strengthens EFS’ credentials as the preferred integrated FM provider for large scale mixed use developments in prime areas.”