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:
The process is:
Size of offices
Offices required are from shared workspace offices to 2,000 sq ft offices or above.
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.
Asteco has franchise fee $50,000 with a total initial investment from $85,000.
Initial investments: $85,000 in working capital
|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
Franchise fees: $50,000 – option to pay over 5 years
Other current payments: Normal Business Expenses
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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 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.