Omniyat, one of the region’s most innovative property developers, said its leasing division has successfully leased 224 units) at The Square, Mamzar, thus netting an annual value of Dh11.1 million ($3.02 million).

The leasing unit, Omniyat Property Services (OPS) guarantees unique leasing solutions to address the individual needs of Omniyat owners and tenants. Omniyat’s leasing dimension offers key functions which enables investors to command optimum leasing rates while providing added value to tenants, said a company statement.

Mark Phoenix, Omniyat Properties head of commercial said the company had established OPS to give investors access to a dedicated on-site team to manage and add value to their investment.

The Square complex consists of 544 residential units as part of Phase 1 with seven low-rise residential towers which feature a mix of studio, one, two and three bedroom apartments surrounded by 65,000 sq ft of landscaped garden and water features, he noted.

The stylish hotel apartments, managed by an internationally- renowned operator, are set to open in the third quarter of 2010, he added.

'OPS’ marketing and sales campaign for The Square has generated over 3000 enquiries thus far, and has built considerable brand equity for the development. Thanks to this exposure and the optimal quality of the facility, the Square commands a higher rental rate than any other development in the Mamzar area resulting in a much higher ROI for Omniyat investors,” Phoenix said.

The goal of OPS is tailor-made solutions for clients through commercial leasing, property management, sales brokerage and turn-key-fit-out solutions, along with value-added components such as finance, insurance and valuations, said the official.

“We have partnered with leading local and international agencies in Dubai to ensure that our clients need only one point of contact, but receive the benefit of numerous agencies. Should a client require any additional, specialized services, OPS will find the right partners and negotiate on their behalf—guaranteeing customers the best value for their money,” Phoenix added.

The Square’s premium lifestyle offering continues to attract both investors and tenants. Tenants are extremely impressed with the quality and finishing of their units fashioned in an Arabesque setting and value the spirit of close community living that offers them not just a home but a neighbourhood.

With access to an extensive retail offering, health facilities and landscaped recreational areas, residents can enjoy the convenience and comfort of relaxed living in the lush surrounds of Al Mamzar.-TradeArabia News Service