ASICO Appointed to Manage National Bonds Corporation Portfolio in Bur Dubai

Dubai, UAE – August 26, 2025 - ASICO (Al Suwaidi Investment Company) has been formally appointed by National Bonds Corporation (NBC) to manage a key portion of its prestigious commercial and residential portfolio in Bur Dubai. The agreement reflects NBC’s strategy of partnering with trusted real estate service providers to maintain the highest standards across its properties.

The partnership was formalized during a signing ceremony between Ahmed Al Suwaidi, Chairman of ASICO, and Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds Corporation.

Scope of the Partnership

Through the collaboration, ASICO will provide comprehensive property management services for part of NBC’s Bur Dubai holdings. This includes:

• Day-to-day operations
• Preventive and corrective maintenance
• Tenant services and on-site support
• Long-term asset care and lifecycle management

ASICO emphasized that the focus will be on creating a welcoming and well-maintained environment for tenants while ensuring the properties reflect the quality and reliability associated with the National Bonds brand.

Ahmed Al Suwaidi, Chairman of ASICO, commented:

“We are honoured to be appointed as the property management partner for National Bonds Corporation. This collaboration marks a significant milestone for ASICO and underscores our commitment to delivering excellence across all our services.”

The agreement underscores a shared commitment to professionalism, integrity, and service excellence, laying the foundation for what both companies describe as a long-term, mutually beneficial relationship.

Enhancing Standards in Bur Dubai

NBC’s portfolio in Bur Dubai includes some of the district’s high-profile residential and commercial assets, representing a significant part of its wider real estate strategy. By engaging ASICO as property management partner, NBC aims to further elevate the standards of tenant experience, operational efficiency, and long-term asset performance.

ASICO stated that it will prioritize safety, comfort, and high-quality living environments for tenants, reflecting its broader role in managing landmark properties across Dubai.

This appointment builds on ASICO’s growing reputation as a specialist in property and facilities management within the UAE. The company continues to expand its footprint by working with leading developers and institutional owners, further consolidating its position as a trusted partner in Dubai’s evolving real estate landscape.