Salwan to Manage Executive Towers

Dubai Properties LLC has announced the appointment of Salwan LLC, both subsidiaries of Dubai Properties Group, or DPG, to provide comprehensive property management services to the Dh3 billion Executive Towers development at Business Bay. Salwan Property Management will be responsible for managing the 8.7 million square feet self-contained development at the 12 towers comprising ten residential segments, a freehold boutique office tower known as Aspect Tower, and the 303-room Business Bay Hotel. In addition to offering advanced property management solutions, Salwan is also mandated by Dubai Properties to extend leasehold options for the units at Executive Towers. Salwan will levy Dh15.38 per square feet as service charges for maintaining the common areas, as well as the indoor car-park, landscaped areas, district cooling plant and infrastructure works within the development. The residential component of Executive Towers will boast a range of units including studios, loft apartments, four-bedroom terrace apartments, garden apartments, and one-to-four bedroom apartments. The 58-storeyed Aspect Tower will accommodate around 2,151 individual apartments.