ASK Real Estate has announced the merger of Pick Properties under its umbrella to form the largest entity in property management and real estate services in Bahrain.
The merger will create a new real estate powerhouse managing properties exceeding USD 4bn. The new entity will be better positioned to achieve its regional expansion goals and empowered to accelerate growth, enhance operational efficiency, and deliver a comprehensive suite of integrated real estate services.
“This merger represents a well-planned strategic step that will enable us to expand our reach and strengthen our real estate services to meet the needs of the market.
“This step will make us closer to reach our strategic goals as it will create new opportunities for growth and increase our market share. It will also support our ambition to expand into fast-growing regional markets.
“It is not just about bringing two companies’ businesses together under one umbrella, but about unifying efforts and shared visions to achieve our broader ambitions.”
Karim Yazji, CEO, ASK Real Estate
With both companies bringing their extensive expertise in property management, marketing capabilities, and real estate brokerage, the unified entity will offer clients a fully integrated real estate services under one umbrella.
The new entity and its brand identity will be announced soon upon completion of all regulatory and operational procedures of the merger. The company will also unveil its strategic roadmap and regional expansion plans.
“We are very pleased to announce this important initiative for Bahrain’s property sector, which brings together the combined expertise of both companies under one entity that is capable of delivering integrated real estate solutions for clients, developers, and investors.
“In addition to increasing the scale and diversity of properties under management across residential, commercial, hospitality, and investment sectors, this initiative will enable us to enhance our services and position ourselves as a leading provider of property management solutions.”
Khaled Shaheen, General Manager, Pick Properties
This merger is expected to solidify the new entity’s position as a leader in providing real estate services in Bahrain, and supporting national efforts to attract investments, elevate industry standards, and boost competitiveness. It is also expected to create new job opportunities and open pathways for developing local expertise in the real estate services sector.
