Market Snapshot:

Chairman’s Message

Manazel Real Estate was established to fill the market need for a strategic real estate developer that provides to middle income investors world class properties at affordable prices. Armed with this mandate and dedicated to excellence in everything we do, we set out to execute large-scale projects that guarantee profitable returns for both investor and stakeholder alike. Today, we are proud to stand behind the name we have made for ourselves, a name synonymous with quality, dedication and reliability.

To succeed in achieving our goals, we realized early on that not only were we required to raise the bar in our endeavors but every stockholder involved in our operations as well. It is imperative that all the suppliers, clients, contractors, consultants and other third parties that deal with us share our enthusiasm and commitment to quality. This enables us to provide a valuable mix of capital, creativity and relevant industry experience to the regional real estate market.

The path to our goals was paved smoother by the fact that the UAE and regional real estate sectors are amongst the fastest growing in the world. With this pace of development likely to continue its steady upward ascent, Manazel Real Estate is poised to capitalize on attractive investment opportunities to create sustainable communities both locally and regionally.

At Manazel Real Estate, our unwavering commitment to excellence stems from our long held belief that every signature development that bears our name must embody our corporate values. Today, we continue to make steady progress by the delivery of numerous projects including Dunes Village which is valued at AED 410 million, Al Reef Villas, Prestige Towers, the AED 1.072 Billion Capital Mall, the phased deliveries of Al Reef Downtown reaching 90%, and Amman Gardens, in addition to the cooling plants of both Al Reef and Capital Mall estimated at AED 280 million.

We are also proud to spearhead DARI program which is a pioneering initiative exclusively created for UAE nationals. From inception to handover, DARI is a comprehensive program administered by Manazel Real Estate to enable nationals to benefit from governmental housing loans for the construction of high standard homes. By building on Manazel’s unique vision and unfaltering commitment to innovation, sustainability and best practices, we are proud to position ourselves as the leading property developer for middle income investors.

In our aim to support both our country and its people, we were the first real estate company to support the “Absher” initiative, launched under the auspices of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, the President of the UAE, and H.H. Sheikh Mohamed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, with the full support of H.H. Lieutenant General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and the unwavering supervision of H.H. Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs - where we brought forward a series of incentives to support UAE Nationals that are part of “Absher”, and we will continue to actively contribute to this noble initiative whenever the opportunity arises.

Manazel Real Estate would not be where it is today if not for the skills, expertise and contributions of both its board members and staff. Our ability to excel at creating communities that enhance the quality of living stems from your efforts and dedication. On behalf of everyone here at Manazel, it is my privilege and pleasure to introduce our company and its many achievements.

Mohamed M. Al Qubaisi

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