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Industries / Real estate and property management

Real estate and property management. Revenue: rent and service charges never collected.

Grip reads leases, service charge accounts and move-out records, unit by unit, and names the rent and charges still uncollected, in AED.

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USD 47.2 millionRent one US apartment owner wrote off as uncollectible in 2025, 1.6% of its revenue.
Proven at AvalonBay Communities

Source: AvalonBay Communities, Inc., Form 10-K for fiscal year 2025. AvalonBay offset 47.2 million dollars of income for uncollectible lease revenue in 2025, about 1.6% of total revenue.

3 workflows

Where we start.

9 of 21 changes other real estate and property management companies made. Open one to see the company.

01

Sales and demand

Renewals set against the rent index, turnover rent written into shop leases.

ReadsHomes or units managed per regionOwn and third partyRent roll, official rent index lookupsLease expiry schedule
Manage other owners' homes on the leasing and maintenance platform you already run, for a fee.
Proven at Invitation Homes

Source: Invitation Homes Inc., Form 10-K for fiscal year 2025 (filed 19 February 2026).

Map each unit's rent against the official rent index to see which renewals can rise and by how much.
Backed by research

Source: Government of Dubai / DLD, Decree No. 43 of 2013 Determining the Increase in Real-Estate Rentals.

Write monthly sales reporting into every shop lease, and charge turnover rent above a break point.
Proven at Simon Property

Source: Simon Property Group, Form 10-K for fiscal year 2025 (2026).

02

Operations

Service charges billed in full, every empty day between tenants priced.

ReadsMove-out and move-in datesWork orders, listing datesService charge budgetsYear-end service charge accounts
Time each unit from move-out to the next tenant's move-in, step by step, and price each empty day.
Proven at Invitation Homes

Source: Invitation Homes Inc., Form 10-K for fiscal year 2025.

Close each building's annual service charge accounts on time, and bill every allowed cost.
Backed by research

Source: Royal Institution of Chartered Surveyors (RICS), Service charges in commercial property, RICS professional standard, UK 2nd edition, June 2025 (effective 31 December 2025; reissued 8 October 2025).

Count the days between signing a lease and receiving the first rent payment.
Proven at BXP

Source: BXP, Inc., Form 10-K for fiscal year 2025.

03

People and capacity

Site staff split by who pays for them, tenants or the owner.

ReadsStaff numbers by role and communityUnits under managementPayroll by cost centreService charge budgets, management agreements
Count homes managed per property manager and compare with the listed leaders before you hire or bid.
Proven at FirstService

Source: FirstService Corporation, Annual Information Form for the year ended 31 December 2025 and MD&A (Form 40-F exhibits).

Split everyone on site into staff the tenants fund through the service charge and staff the owner pays for.
Proven at CBRE Group

Source: CBRE Group, Inc., Form 10-K for fiscal year 2025.

List who employs your customer-facing staff, so you know who pays when wages rise.
Proven at DiamondRock Hospitality

Source: DiamondRock Hospitality Company, Form 10-K for fiscal year 2025 (filed 27 February 2026).

The money at stake.

Public figures, each with its company and year. An estimate is marked.

AED 1.2 billion

A UAE property developer's money earned but not yet billed at end 2025.

Proven at Deyaar Development

Source: Deyaar Development PJSC (DFM: DEYAAR), Consolidated financial statements for the year ended 31 December 2025, note on trade, contract and other receivables. At Deyaar, unbilled receivables (contract assets) were AED 1,186.6 million against only AED 169.1 million of billed trade receivables at end-2025, and AED 463.5 million of the unbilled amount falls due after 12 months.

AED 2 million

The most Abu Dhabi can fine a property firm for one breach of its real estate law, from 2025.

Backed by research

Source: Government of Abu Dhabi, Law No. 2 of 2025 amending Law No. 3 of 2015, Article (2) replacing Article (78) Administrative Violations and Fines. Abu Dhabi Law No. 2 of 2025, replacing Article (78) of Law No. (3) of 2015, sets an administrative fine of up to AED 2,000,000 for any breach of the law, its regulations or decisions, with conciliation at 75% of the fine paid within 60 days.

Grip at work

What your Grip looks like.

A sample company, in AED. Yours is built from your own files.

Ask Grip a question in a sentence, answered from the record. Sample figures.

What we stand on
01Money first

Every project shows the revenue, cost or cash it is worth, in your currency, from your own files, before you agree to it.

02Every project has proof

Every project runs on a client's Grip, was designed on our own Grip, or comes from a play a named company published, with the document we read it in.

03Your systems as they are

We read the systems you already use. Nothing to move, replace or clean up first.

04Value and money found in 2 weeks

A two-week pilot on one department, your first project live and its money delivered by Day 30, then one fixed monthly fee.

Questions

What real estate and property management companies ask first.

Three answers, each with one public figure, its company and its document.

Question 1How can AI reduce empty days between tenants in real estate and property management?

AI reads leases, service charge accounts and move-out records, unit by unit, and names the rent and charges still uncollected, in AED. For scale: USD 47.2 million, rent one US apartment owner wrote off as uncollectible in 2025, 1.6% of its revenue (AvalonBay Communities).

USD 47.2 millionRent one US apartment owner wrote off as uncollectible in 2025, 1.6% of its revenue.
Proven at AvalonBay Communities

Source: AvalonBay Communities, Inc., Form 10-K for fiscal year 2025. AvalonBay offset 47.2 million dollars of income for uncollectible lease revenue in 2025, about 1.6% of total revenue.

Question 2What does an AI transformation programme in real estate and property management start with?

It starts with the revenue, cost and cash you are losing today, read from the systems you already use. One workflow goes first, usually sales and demand, read from homes or units managed per region and own and third party. For scale: AED 1.2 billion, A UAE property developer's money earned but not yet billed at end 2025 (Deyaar Development).

AED 1.2 billionA UAE property developer's money earned but not yet billed at end 2025.
Proven at Deyaar Development

Source: Deyaar Development PJSC (DFM: DEYAAR), Consolidated financial statements for the year ended 31 December 2025, note on trade, contract and other receivables. At Deyaar, unbilled receivables (contract assets) were AED 1,186.6 million against only AED 169.1 million of billed trade receivables at end-2025, and AED 463.5 million of the unbilled amount falls due after 12 months.

Question 3How fast do real estate and property management companies see results from AI?

A two-week pilot on one department finds the value and money in your own data before you commit. Your first project goes live, and its money is delivered, by Day 30. For scale: AED 2 million, the most Abu Dhabi can fine a property firm for one breach of its real estate law, from 2025 (Government of Abu Dhabi, 2025).

AED 2 millionThe most Abu Dhabi can fine a property firm for one breach of its real estate law, from 2025.
Backed by research

Source: Government of Abu Dhabi, Law No. 2 of 2025 amending Law No. 3 of 2015, Article (2) replacing Article (78) Administrative Violations and Fines. Abu Dhabi Law No. 2 of 2025, replacing Article (78) of Law No. (3) of 2015, sets an administrative fine of up to AED 2,000,000 for any breach of the law, its regulations or decisions, with conciliation at 75% of the fine paid within 60 days.

The Perspace symbol resting on the water at blue hour

Start with one workflow.

Tell us what you want to fix. In a two-week pilot we find the value and money before you commit.

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