MAF Dalkia clinches property management deal

DUBAI — MAF Dalkia Middle East, a joint venture company between Majid Al Futtaim (MAF) and Dalkia, a leading provider of comprehensive technical management services, facilities and energy management worldwide, yesterday clinched a property management deal with Le Reve Trading, the owners of the high end 'Le Rêve' residential development on the Dubai Marina.

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Published: Sun 21 May 2006, 11:20 AM

Last updated: Sat 4 Apr 2015, 3:46 PM

The fifty two floor 'Le Rêve' building will cover a built up area of 880,000 square feet — excluding gardens and open areas. Made up of 80 luxurious penthouse-class apartments in two different styles and apartments ranging from 6,100 square feet to 17,200 square feet, the project will be completed by August 2006.

"There is a prevailing paradox in the property development situation in Dubai. Whilst the real estate developers focus on the construction and delivery aspect of a project, their involvement decreases once the new owners start to move in to their new properties," said Christophe Ploux, CEO of MAF Dalkia Middle East.

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