Asteco Franchise Opportunities
Asteco has been established since 1985 and is synonymous with some of the region's well known real estate developments such as Palm Jumeirah. We have shaped and advised on many areas of Real Estate in the UAE and beyond. Our reputation is built on transparency, honesty and integrity. We are recognised as the largest independent Real Estate Services company in the Middle East and we have become one of the most recognised Real Estate brands in the region.
The franchise is:
- Use of the Asteco Brand that has been established in the UAE for over 35 years (Voted the best Real Estate Services company in the Middle East by Forbes Magazine in 2019).
- Assistance in producing a business plan for proposed business based on real experience for new starts or converting your existing brokerage business.
- Business Set up assistance if needed.
- Locating suitable premises if needed.
- Agent Recruitment, induction training and ongoing training to support their success.
- Discounted deals with all the major property portals.
- In house CRM and management systems.
- Access for Leasing to all vacant Asteco Managed Properties (Over 20,000 units under management).
- Access to any exclusive sales developments where Asteco is appointed as the agent.
- In house marketing team to create marketing campaigns specific to your business. Includes all project landing pages and marketing templates.
- Listing all your available units on Asteco website.
- Experienced Business Mentor to support you and your business.
The process is:
- Arrange and initial meeting so that we understand what your plan and aims are and we can answer any initial questions. This includes the area that you are considering operating in. Explain to you the different options and costs for the franchise.
- If you are satisfied to continue then put a Non-Disclosure agreement in place between us.
- We send all the agreements and documents for you to review.
- Work on a business plan with you.
- We forward a full proposal to you outlining all the costs and the agreements.
- If you are happy to continue then we will create a plan with you to launch the business.
- Induction training.
- Business Launch.
- Ongoing training and agent recruitment based on the business plan.
- Franchise Business Development meeting.
Size of offices
Offices required are from shared workspace offices to 2,000 sq ft offices or above.
Asteco Franchise Offer
Asteco Real Estate Brokerage in the UAE and Middle East (All franchisees offered outside the UAE cover all the Real Estate Services of Asteco – Asset Management, Property Management, Owners Association, Valuations and Advisory and Building Services.
How much does the Asteco franchise cost?
Asteco has franchise fee $50,000 with a total initial investment from $85,000.
Initial investments: $85,000 in working capital
| Indirect expenditure | Notes |
| Salaried Staff - Sales/Leasing Managers | For the Sales/Leasing/Training Manager |
| Staff Health Insurance | Per Employee $19 per month |
| Sim Card Agent | Per agent AED $100 per month for calls & Date, any extra deducted from Commission |
| Laptop - Agent | Per agent AED $200 for laptop, mid performance, Office software |
| Office Phone | Initial phone line set up, IP phones, more added in later months with new agents |
| Office Internet | Initial set up/deposit/installation' |
| Rent (& Deposit Month 1) | Initial Set up and deposit and then ongoing. |
| Office Furniture & Initial Set up | Purchase workstations, manager desk, meeting table and chairs, TV, as more agents employed, add more workstations |
| Licence Fees/Sponsor | AED $3,300 per annum for the sponsor and AED $6,600 for the license |
| Utilities / Consumables | Initial DEWA/Chiller deposits and ongoing |
| Professional Services/Accountants/Insurance | Accountants fees |
| RERA Training Fees (Dubai) | After 3 months’ probation Agents without RERA will do RERA, 50% each. 50% deducted from agent’s commission. |
| Agents can take RERA with them. If a company pays 100% deduct from the commission if they leave, they will leave the day after they are paid. |
| Sales Direct Expenses | Notes |
| Digital Marketing Management | Cost of Digital marketing consultant to manage digital campaigns and analytics |
| Digital Marketing Campaigns | Paid advertising on Digital platforms |
| Creating Landing Pages - Website | Provided by Asteco FOC |
| Admin Salary | Share of the admin staff salary to manage listings and enquiries |
| Agent Commissions | Agents share of the commission |
| Agent Visa Costs | Visa cost for employing new agents |
| Recruitment Costs | If you use outside agencies |
| Royalty Fees | As per the franchise agreement with Asteco |
Payback period: 12 months
Average turnover per month: $270,000
Royalties: 10%
Franchise fees: $50,000 – option to pay over 5 years
Other current payments: Normal Business Expenses
Asteco Franchise Business Model
An established franchise office, after 2 years of trading (in its 3rd year) is expected to have an annual income of $5m with a 25% Net profit.
Asteco Franchise Advantages
Asteco is a regional company, founded in the UAE with expert knowledge of the regions Real Estate with long established relationships with many developers that opens up opportunities for the franchisee offices and network.
Asteco has over 20,000 units under management and all this inventory is made available to all franchise offices. You have ready units to lease from day 1, and you will have access to exclusive sales projects, sales inventory from Day 1.
This is a distinct advantage and a quick start to achieving income.
Franchisee also have access to discounted rates with property portals in the region.
Requirements to Buy Asteco Franchise
Successful track record in business – For Example:
a. A Top Performing Real Estate Broker looking to start their own business.
b. Serial Investors who have a track record of successful business investment.
c. Real Estate experience in the region is not essential.
d. You would like to convert your existing Real Estate Company to an Asteco Franchise.