Phoenix-Based Franchise First to Introduce HOA Management Services in Dubai

PHOENIX, AZ--(Marketwire - December 27, 2010) - Parker Finch, a leading full service community management firm based in Phoenix, announced today it has opened the first US-headquartered HOA management company in Dubai. Ali Tumbi, chief executive officer of a full service real estate company called Aqua Properties, is the joint venture partner. The new entity name is Highrise Owners Association Management (HOAM).

"This is a tremendous opportunity for Parker Finch as it is our first management office outside the United States and the first of its kind in Dubai. Ali will make a great asset to our system and I look forward to working with him to introduce and rapidly grow community management in this new market," Jim Small, chief executive officer of Parker Finch, said.

Owners Associations, as they are known in Dubai, had not previously existed until a new law went into effect in April. This law requires independent and licensed management companies to oversee the thousands of owners associations. Ali saw this as an opportunity to launch into this new and lucrative market.

"I see this as opening to fill a void because association management was recently developed in Dubai. I believe that we will become a market leader by using Parker Finch's community experience and expertise," said Tumbi.

The Dubai management office is located in Suite 303 Office Court, Oud Metha Road, Dubai, UAE. To contact the Dubai office please call 971.4.3355523 or email info@hoam.ae.

About Parker Finch:

Parker Finch Management, with offices in Arizona, Nevada and Colorado, is a leader in the community association management industry. The company provides a comprehensive suite of services to homeowners associations as well as developers. The firm's expertise, professionalism, and commitment to quality service are second to none which allows associations that partner with Parker Finch Management to experience a better community. For more information about Parker Finch, or to inquire about HOA services for a community, please visit www.parkerfinch.com.

About Aqua Properties:

Aqua Properties core strength lies in its expertise of the property market as well as its established relationships with investors and clients all over the world. It offers an integrated property solution, addressing the needs of the customers through quality streamline service, from sourcing a property to managing a full portfolio on behalf of landlords. Aqua Properties has transacted properties in value of excess of $500 Million since its inception in 2005. For more information on Aqua Properties, please visit www.aquaproperties.com.

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