Souks to Malls – Retail Evolution in the Gulf

Share

Established in 1984, Yardi has grown to be a leading provider of real estate property, asset and investment management software. We launched our flagship product, Yardi Voyager, in the Middle East in 2012 and almost immediately saw high demand across the region from leading retail landlords looking for a more comprehensive real estate management platform. Since then, we have seen a 30% average annual growth rate in the area over the past 12 years and almost 75% of retail space in the UAE is now managed with Yardi software.

Souks to Malls

Our award-winning solutions help our clients prosper as we offer an end-to-end solution that is specifically built for real estate management. Our technology helps to reduce operational costs, optimise revenue and provides full visibility into entire portfolios. Clients such as Al-Futtaim Malls have successfully saved over 30 hours of data gathering and strategic planning per budgeting cycle, reduced the leasing planning cycle by 40% and achieved a 50% reduction in time spent on automatic reporting. 

Our technology helps businesses move away from spreadsheets and disparate systems. Clients gain far greater and more valuable insight into their data, operations and trends so they can make informed decisions. It allows clients to digitise their operations and utilise a single connected platform with a user-friendly interface. From one platform they can manage multiple assets, streamline deal management, enhance the tenant experience and offer self-service with our tenant portal and mobile app. With Yardi, clients have gained 100% visibility of costs, budgets and forecasts, including a 360-degree view of all transactions from one single solution, which also helps manage multiple currencies.

Retail Product Innovation

We continue to innovate and deliver new solutions and features to help our clients increase their efficiency. Our software offers more functionality in a single platform, eliminating the need for complex interfaces. We have recently released a valuation module that allows clients to value existing commercial assets quickly and easily. Yardi Valuation Manager uses industry-standard assumptions and calculation methodologies to create asset-based long term cash flow models, resulting in an asset valuation. 

We have also released a new solution to manage debts for clients who are borrowers. Yardi Debt Manager connects with Yardi Voyager to track debt against real estate collateral and account for loans by paying lenders through invoices or journalising transactions. It is also connected with Yardi Investment Accounting to manage investments in debt. Yardi Payment Processing is required to automate billing borrowers and collecting principal and interest. 

As we celebrate 40 years of Yardi, we look forward to the future and will continue to help real estate businesses thrive with the use of a connected solution and one source of truth. By investing in the right technology and understanding the true ROI, real estate owners and operators can transform the way their business operates. 

Success Stories 

Al-Futtaim Malls

Yardi solutions have streamlined and automated processes for Al Futtaim Malls, leading to significant time savings. The company has saved over 30 hours of data gathering and strategic planning per budgeting cycle. Reduced the leasing planning cycle by 40. And achieved a 50% reduction in time spent on automatic reporting. 

“Yardi’s solution for budgeting and forecasting not only saves time during planning cycles but also promotes user accountability, data reliability and represents one source of truth for forecast and budget revenue. The output is also customised as per our needs, and we could not be more grateful for that.” 


Ian Mollon, General Manager, Retail, Finance & Investment, Al-Futtaim 
Gratiela Duciuc, Regional Retail Analyst, Al-Futtaim

Emaar Properties  

Yardi’s innovative solutions enabled Emaar to shift from reactive to proactive business planning, empowering data-driven decision-making. This has enabled 50% faster reporting through automation. A 40% reduction in the leasing planning and approval cycle. And a 35% improvement in the lead-to-deal cycle.  

“Yardi’s SaaS platform not only enabled us to focus on the core business but also helped standardise the property management software across the group operations both locally and internationally. This enabled us to manage retail, commercial and residential portfolios on one single unified platform.” 


Binoo Joseph, Chief Information Officer, Emaar Properties

Qatari Diar  

Qatari Diar’s adoption of Yardi’s advanced solutions has significantly contributed to the company’s overall expansion strategies and increased profitability. By enabling data-driven, decision-making and adopting a more informed risk management approach, the company has experienced substantial benefits.

“Based on thorough market research, Yardi’s platform stood out as the only cloud based, end-to-end, fully integrated solution which allows us to manage our entire business lifecycle, including operational, financial, leasing and maintenance activities all in a single database.” 


Adnan Al Emadi, Asset Management, Qatari Diar

Discover Yardi Retail Manager

Yardi Retail Manager is a comprehensive real estate management software designed to streamline retail property operations. It provides an end-to-end solution that helps reduce operational costs, optimise revenue and offer full visibility into real estate portfolios. Key features include digitising operations, managing multiple assets from a single platform, enhancing tenant experiences and providing advanced analytics for informed decision-making.

Yardi’s solutions have significantly benefited clients like Al-Futtaim Malls and Emaar Properties, improving efficiency and reducing time spent on reporting and planning. The platform supports various functionalities such as asset valuation, debt management, and floorplan management, ensuring a connected and efficient management system for retail properties.

About Yardi

Yardi develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. See how Yardi’s unified property management and accounting platform can help you prosper.