Financial and social operation of Manazel Real Estate is opened and transparent enough. All necessary data is available in public specified sources. It is listed on the Abu Dhabi stock market.
In 2019 fiscal year Manazel shows a 4,3% profit increase. The net profit went up to AED 240.6 mln last year, compared to AED 230.7 mln in 2018. Manazel's assets increased to AED 5.87 bln, against AED 5.49 bln in the year-ago period.
Issued share capital AED 2,6 bln, number of the issued shares AED 2,6 bln, share nominal value AED 1.
By now the developer aims to gain steady profits via diversifying its business. It directly deals with existing assets, as residential communities Al Reef (fully sold), Dunes village and Ghantoot waterfront scheme, invests in future projects on district cooling, education, retail and other sectors, and looks for further acquisitions to enlarge business.
Education: Manazel will operate schools in Al Reef 1 and in new community Merzab.
District cooling: Regarding state directives about reducing power consumption and carbon emissions Manazel built a cooling plant with a capacity of 28.000 KW for Al Reef community.
Healthcare: Manazel Medical City Hospital in the Emirates capital is a current socially important project by Manazel. It is designed to be the 1st integrated medical center in the UAE. It will encompass Cancer Center with 64 beds capacity, Rehabilitation Hospital and Outpatient Rehabilitation Center for 80 beds, Children's Learning and Disability Center Focused on serving Children with Autism, General Hospital for 150 beds, Comprehensive Outpatient Medical Office Building and residential complex with gym, pool, childcare center and recreational area.
Real estate management: Manazel Specialists, another branch of the group, takes up management on properties incorporated in Dunes Village, Al Reef Villas and Downtown, Prestige Towers and Capital Mall. Apart from administrative and operational control the affiliated enterprise is engaged in sales, resale and leasing. Customer Relation section develops various events and activities for the communities to ensure a lively, vibrant and healthy atmosphere.
Community services: Census International Maintenance Service provides the facilities management services for all the company's objects in Abu Dhabi and Dubai. Valet parking, mall tenant fit-out, post-opening service, cleaning and landscaping, etc. – all that supported by Census.
Apart from the abovementioned the subsidiaries also include 100% owned Merzab Community Development Real Estate LLC, The Guard Public Security Guarding Services LLC, Tatweer Capital Co LLC, Al Manzel, Capital Cooling LLC, Al Reef Cooling LLC, Manazel International Capital LLC in Saudi Arabia, Manazel International Capital LLC in Jordan, Manazel International Capital LLC and Dunes Village LLC (99%).
The field of Manazel's group interests goes beyond UAE to wider GCC region and other countries.
Manazel was the 1st real estate establishment awarded by the Ministry of Foreign Affairs with a certificate of appreciation and another one by Absher. In 2018 the developer won the Housing and Urban Development Award at the Global Infrastructure Congress, as recognition of "Ghantoot Waterfront Project". Manazel proved to be a partner that is worthy to rely on.
Currently Manazel Real Estate leads Ghantoot Waterfront mega project – a mixture of resort, residential sector and integrated amenities, which is promised to be the largest in UAE touristic segment. The development of Manazel Medical City Hospital is also on the run.
Merzab is a new real estate project, which will include 18 residential buildings with more than 600 units. A total gross floor area amounts to about 83.000 m2. Al Merzab community will be built in the Al Samha area of Abu Dhabi, on the Abu Dhabi – Dubai highway across Khalifa Industrial Zone (KIZAD).