Cityland Real Estate Development, the developer of the world’s first nature-inspired retail shopping and entertainment centre, has selected US-based Yardi for its property management and accounting operations at The Cityland Mall in Dubai, UAE.
Headquartered in California, Yardi is a leading developer of investment and property management software for all types and sizes of real estate companies.
The Cityland Mall, featuring over 350 retail stores restaurants with an expansive of 200,000-sq-ft Central Park conceived within the mall property, will soon open its doors to the public.
It will also feature easy visitor access to Global Village, UAE’s top leisure and entertainment destination with approximately six to eight million visitors per season.
Cityland said it will automate operations by implementing Yardi Voyager, which combines property management and accounting with ownership, financials, budgets, forecasts and maintenance.
Besides Voyager, the company will also utilise other integrated solutions from the Yardi platform, including Leasing Manager, Orion Business Intelligence and Procure to Pay.
Each solution offers mobile access to workflows and performance metrics, ideal for a busy retail management team, said the statement from the company.
Cityland Group was founded in 2005 by Abdel Naser Yasin Musa Rahhal, vice chairman, under the chairmanship of Sheikh Theyab bin Tahnoon bin Mohammed Al Nahyan. The group began its journey from Al Ain as Akar Landscaping Services and Agriculture, which was involved in creating large-scale landscapes in the city’s public spaces.
“This software will significantly enhance our efficiency and enable us to manage our system operations very professionally. We are very pleased to have appointed the market leader in retail management software and look forward to a long and fruitful relationship,” said CEO Fahimuddin Sharfuddin.
Neal Gemassmer, vice-president international for Yardi, said: “We are very proud that our expertise continues to be recognised by the leading real estate operators in the Middle East sector.”
The group serves clients worldwide from its offices in Australia, Asia, the Middle East, Europe and North America, he added.