Partner Content
The value chain gaps in the real estate industry today present numerous opportunities to embrace digital transformation and shape what the ecosystem will look like in the next 10 years. Real estate investment, fund, asset and property managers must harness technology due to its benefits of enhanced data utilisation, improved reporting capabilities and offering a unified and dependable data source. This strategic shift allows professionals to maintain a competitive edge, prioritise strategic business objectives and deliver an enhanced customer experience.
Yardi prides itself on the continued innovation of its platform with cloud-based, mobile-ready solutions that help clients streamline and modernise business processes that add value to every aspect of the real estate lifecycle.
Yardi Middle East
Yardi has grown exponentially over the last 12 years in the Middle East to become the leading provider of property, asset and investment management software and mobile apps for all types and sizes of real estate companies and portfolios. The company’s award-winning, cloud-based technology helps property and asset managers automate processes, drive efficiencies and reduce costs whilst providing business intelligence to help minimize risk and improve strategic decision-making.
Yardi started operating in the Middle East in 2012 with two employees and a handful of clients – today, the company employs 100+ dedicated professionals and works with over 100 clients in the Middle East, making it one of its fastest-growing regions.
“We launched our flagship product, Yardi Voyager, in 2012 and almost immediately saw high demand across multiple vertical markets. Yardi was able to replace customised solutions with a Software-as-a-service platform that fulfils all business operation requirements virtually and out of the box. This allowed companies to focus more on their business and worry less about the tools,” said Haider, Senior Director for Yardi.
Yardi is dedicated to the development and support of software for the Middle East real estate industry with a proven track record of success across retail, commercial and residential real estate. Almost 90% of retail and commercial space in the UAE is operated and managed on the Yardi platform.
Given the dynamic nature of the real estate sector, which demands adaptability and real-time access to data, Yardi provides expansive and adaptable end-to-end solutions that cater to various real estate needs. These solutions offer a range of functionalities, including property management, accounting, leasing, maintenance, budgeting, forecasting, marketing, CRM and more.
“We have successfully identified and built requirements within the region into our products to provide clients with innovative technology solutions that will fundamentally change how we live, work and play,” adds Haider.
Success Stories
Al-Futtaim Malls
Yardi Solutions has streamlined and automated processes for Al Futtaim Malls, leading to significant time savings. They have saved over 30 hours of data gathering and strategic planning per budgeting cycle, reduced the leasing planning cycle by 40%, and achieved a 50% reduction in time spent on automatic reporting.
“Yardi’s solution for budgeting and forecasting not only saves time during planning cycles but also promotes user accountability, and data reliability and represents one source of truth for forecast and budget revenue. The output is also customised as per our needs, and we could not be more grateful for that,” said Ian Mollon, General Manager, Retail, Finance & Investment for Al Futtaim and Gratiela Duciuc, Regional Retail Analyst for Al Futtaim.
Emaar Properties
Yardi’s innovative solutions enabled Emaar to shift from reactive to proactive business planning, empowering data-driven decision-making. This has enabled 50% faster reporting through automation, a 40% reduction in the leasing planning and approval cycle, and a 35% improvement in the lead-to-deal cycle.
“Yardi’s SaaS platform not only enabled us to focus on the core business but also helped standardize the property management software across the group operations both locally and internationally. This enabled us to manage retail, commercial and residential portfolios on one single unified platform,” said Binoo Joseph, Chief Information Officer for Emaar Properties.
Qatari Diar
Qatari Diar’s adoption of Yardi’s advanced solutions has significantly contributed to the company’s overall expansion strategies and increased profitability. By enabling data-driven, decision-making and adopting a more informed risk management approach, the company has experienced substantial benefits.
“Based on thorough market research, Yardi’s platform stood out as the only cloud-based, end-to-end, fully integrated solution which allows us to manage our entire business lifecycle, including operational, financial, leasing and maintenance activities all in a single database,” said Adnan Al Emadi, Asset Manager for Qatari Diar.