Provis Owners’ Association Portfolio surges by 68% in 2022

  • Date: 03-Feb-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
  • Who else needs to know?

Provis Owners’ Association Portfolio surges by 68% in 2022

Abu Dhabi – Leading full-service real estate company Provis has established itself as the UAE’s largest independent Owners’ Association (OA) Management firm in the UAE, after growing its OA portfolio by 68% in 2022, through a series of strategic acquisitions. The company's OA portfolio today includes approximately 47,000 managed units, after witnessing stellar growth throughout the last two years, firmly establishing Provis as the country's leading real estate services provider.

In November this year, Provis announced the acquisition of ‘SAGA International Owner Association Management Services LLC’ (SAGA). The acquisition was in line with Provis’ long-term growth and expansion strategy as it firmly positioned itself as the largest Owners Association (OA) management service provider in the UAE in terms of managing third-party owned units and one of the largest integrated real estate services companies in the Middle East.

SAGA was established in 2008 and has since gained significant market share in Dubai and earned the trust of reputable developers and owners, with thousands of OA units under management at the time of the acquisition. Some of the communities managed by SAGA are located in Business Bay, Palm Jumeriah, Jumeirah Village Triangle, and Jumeriah Lake Towers amongst others. Samer Ganni, founder of SAGA, continues