Nawy, a real estate technology company based in Egypt, has announced its acquisition of ROA, a property management solutions provider, in a strategic move to introduce a new service called “Nawy Unlocked.”
The new service aims to help property owners optimize the value of their underutilized or semi-finished properties, enabling them to generate consistent income.
“Nawy Unlocked” offers a range of solutions tailored to address the challenges faced by property owners, including:
- High-Quality Finishing: Properties are finished to meet market standards, ensuring they are ready for rent or sale efficiently and within a short timeframe.
- Professional Leasing Management: The service manages all aspects of property leasing, from selecting suitable tenants to maintaining ongoing rental agreements with high professionalism.
- Property Maintenance: A dedicated team provides integrated maintenance services to keep properties in top condition.
- Financing for Finishing Costs: The service facilitates funding for up to 50% of the finishing costs, reducing the financial burden for property owners.
According to Mahmoud Abdel-Maksoud, General Manager of “Nawy Unlocked,” the service provides a comprehensive solution for property owners looking to convert underutilized units into income-generating assets.
The focus is on delivering high-quality finishes using trusted contractors, ensuring that properties are market-ready in aesthetics and functionality.
ROA, founded in January 2023, quickly gained a foothold in the Egyptian real estate sector by addressing the needs of property owners looking to better use of their assets.
The company specialized in property management and leasing solutions, offering a streamlined approach to transforming semi-finished properties into marketable units.
Nawy, established in 2016, has become a prominent player in Egypt’s real estate technology sector. The company raised $5 million in funding in 2022, fueling its mission to provide innovative solutions for property buyers, sellers, and owners.
Through its digital platform, Nawy enables users to browse properties and access services such as “Nawy Shares” and “Nawy Now,” which offer flexible investment options.
The acquisition of ROA aligns with Nawy’s strategy to expand its offerings by combining expertise in property management, marketing, and finishing. This integration aims to enhance the value of underutilized properties while providing property owners with the tools they need to create sustainable income streams.
By addressing the specific challenges of underutilized properties, “Nawy Unlocked” is expected to contribute significantly to the Egyptian real estate sector, helping property owners maximize their assets’ potential and meeting the tenants’ needs.
This initiative underscores Nawy’s commitment to innovation and adaptability, setting a new benchmark in the region’s property management and investment solutions.
This post first appeared here.
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