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Manazel Real Estate set to showcase 4 Key Projects at

16-04-2017
Manazel Real Estate set to showcase 4 Key Projects at Cityscape Abu Dhabi 2017 Abu Dhabi, UAE, 16 April 2017: Manazel Real Estate PJSC (”Manazel”), a leading UAE developer, is pleased to announce its participation at Cityscape Abu Dhabi which is taking place between the 18th and 20th of April 2017, at the Abu Dhabi National Exhibition Centre.

At this major event, the leading real estate development company in the UAE will be announcing updates on its new real estate projects which will include the showcasing of 4 new models beginning with “Manazel Amman”. Considered as the company’s first development outside the UAE the development located in the capital Amman will include 1,253 units with a mixture of apartments and villas divided into two, three and four bedroom units. The planned mixed-used development is situated in a peaceful area which consists of half a million square meters of real estate and is just 10 minutes away from Jordan’s Queen Alia International Airport and 25 minutes from the center of Amman by car.

As the first gated community in Amman Manazel has focused on creating an attractive, peaceful and secure development which will also include retail areas, mosques, gyms, pharmacies as well as a medical center and kindergarten on site.

At Cityscape Manazel will also be unveiling further details on its planned Ghantoot development which was recently launched as one of the biggest real estate projects in the tourism sector in the country. The development, which is a new take on community development, is located in Ghantoot one of the most attractive coastal areas situated between Abu Dhabi and Dubai that also provides buyers the opportunity to own prime coastal land.

Also during the event and within its booth Manazel will be showcasing its Dari initiative that is managed and operated by its subsidiary ‘’Al Manzel’’. Through this initiative Al Manazel acts on behalf of the UAE National representing them in front of government authorities while also providing a plethora of services through a specialized and dedicated team such as real estate advisory and smooth coordination between Architects, service providers and contracting companies.

Finally, Manazel ‘Medical City’ which is Manazel’s fourth project in Citiscape will be unveiled as the first integrated medical development being developed in UAE. The project demonstrates the Company’s core strategy of diversifying its real estate projects and revenue streams through the strategic use of land owned by the company. The ‘Medical City’ project is being established in response to the needs of the health care sector in the UAE.

Commenting on Cityscape 2017, Manazel’s Chairman H.E Mohamed M. Al Qubaisi expressed his gratitude in being involved in one of the most prominent real estate events in Abu Dhabi and UAE and said:

‘’We continue to work towards achieving the Abu Dhabi Economic Vision 2030, by taking sound steps and studying endeavors which deliver unique and creative real estate projects for the greater community.

He added ‘’In the pursuit of delivering sustained and optimal shareholder value, Manazel remains focused on the delivery of unique and diverse real estate and tourism projects, which reflects the company’s commitment to its on-going expansion strategy to enter new growth markets, which will both diversify the Company’s real estate portfolio while also creating new revenue streams also fulfilling its revenue diversification strategy.”

The new real estate project and initiatives are a testimony to the company’s achievements, a reflection of the measured steps it has taken since inception, and showcases its commitment to the delivery of well-designed and creative real estate projects which are based on the accumulation of experience gained through each level of project planning.

Participants can visit Manazel Real Estate at Cityscape in booth 6A20, hall number 5.

-ENDS-

About Manazel Manazel Real Estate (MRE) is one of the UAE’s leading developers of quality homes for the country’s middle income segment of the population. Manazel with a paid-in-capital of AED 2.6 billion is a sharia complaint real estate company listed on Abu Dhabi Securities Exchange (ADX) within the segment of Private Joint Stock Company. Through strategic investments spanning residential and commercial developments, Manazel has succeeded in striking a balance between creating thriving, sustainable communities while providing the highest returns for shareholders and investors.

For further information please visit our website www.manazel-re.com.

For further information please contact:

Enquiries:

Waleid Gamal Eldien
Chief Investment & Commercial Officer
Manazel Real Estate
Tel: +971 2 6444 466 Ext: 909
Email: investorrelations@manazel-re.ae

Media Contacts:

FTI Consulting
Email: Shane.dolan@fticonsulting.com; Rami.fahmi@fticonsulting.com
Tel : +971 4 437 2100

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