Mismak Properties Co. LLC ("Mismak") is a limited liability company wholly owned by First Abu Dhabi Bank (FAB). Established in 2006, Mismak acts as a holding company for the Group’s real estate investment and development activities. The company is based in Abu Dhabi and actively manages and develops investment properties across Abu Dhabi and Dubai.
Overview
Mismak Properties has made a significant mark in the UAE’s real estate sector by focusing on high-quality development and investment properties. It has completed and sold numerous freehold projects, particularly in Al Reem Island and Dubai. The successful sell-out of many of its developments is a testament to the high value and quality the company delivers. Additionally, Mismak offers property sales and advisory services, providing comprehensive solutions for real estate investors.
Team of the Company
Jasim H.A. Al Ali serves as the CEO of Mismak Properties. According to Square Yards UAE, he also holds the position of CEO at First Gulf Properties LLC. His leadership extends further as the Chairman of Green Emirates Properties, underscoring his influence and experience in the UAE real estate sector.
Projects of the Company
Shangri-La Hotel, Dubai
In October 2020, Mismak Properties signed an operating agreement with Shangri-La to manage a 42-storey hotel in Dubai. This partnership has added a prestigious hospitality project to Mismak’s portfolio and plays a significant role in the UAE’s luxury hospitality market.
Omega Tower, Al Reem Island
Omega Tower is a commercial high-rise developed by Mismak Properties in the City of Lights, Al Reem Island. It forms part of the Solaris Towers development and features 35 floors with 349 office units. Investors can choose from fully fitted, partitioned, and shell-and-core options, with most units including a private washroom and pantry.
Operating Model
Mismak Properties functions as a real estate investment and development arm of FAB. The company not only develops and manages its own projects but also manages developments for FGB through its Engineering Section. It also provides additional services such as property sales and real estate advisory, offering end-to-end property investment support.
Conclusion
Since its establishment in 2006, Mismak Properties has proven itself as a trusted name in UAE real estate, with a successful track record in Abu Dhabi and Dubai. With quality developments, strategic partnerships, and comprehensive services, Mismak continues to be a key player in the region’s property market.
