Manazel
10
Years Service Charge Waiver
10
Discount
%
10
Years Maintenance Free
2
ADM Fee Waiver
%
"Manazel", one of the leading companies in the United Arab Emirates, was established in May 2006, and is headquartered in Abu Dhabi.
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About Manazel Real Estate PJSC

Manazel has been successfully operated on UAE real estate market since 2006. It is the company which influence on the Arabian society can't be underestimated, as it is an outstanding developer, builder and investor. Through its branch offices the private joint stock company is engaged in associated to real estate services, as sales, community and facility management, hospitality. The headquarters of the organization are found in Abu Dhabi.

Manazel concentrated its work on creating residential communities and mixed-use complexes, affordable for middle-income citizens. This is its main trait and a significant contribution to a thriving society on the whole, because Manazel Real Estate succeeded having created a wide scale of properties of decent quality for reasonable prices. It runs business observing the Sharia's laws.

A rich portfolio of the projects delivered comprises solutions for residential and commercial purpose, retail, hospitality.

LUXURY PROPERTIES

BY MANAZEL

LUXURY PROPERTIES
«Y MANAZEL

Residential projects

In collaboration with the Government Manazel PJSC initiated the Dari program according to which the Nationals can obtain properties using a state loan of AED 2 mln. The developer represented 10 types of villas, adhering a traditional Arabian pattern of family living. Each villa contained 6 or 7 bedrooms, majlis areas and accompanied service rooms. Moreover, it provided post-handover services to the residents including contracts with furnishing, design, gardening and maintenance suppliers with discounts and on advantageous terms.

Manazel PJSC pioneered in developing the first fully integrated residential communities in Abu Dhabi, starting with Al Reef project. It spreads over 1 mln m2 and located not far from Abu Dhabi International Airport. It is designed for 16.000 residents and includes Al Reef Downtown, represented by 46 multistoried buildings, and Al Reef Villas – 2.376 villas surrounding Al Reef Downtown.

Al Reef 2 came in 2014 after successful launch of Al Reef, the 1st phase. New development implies 860 villas arranged into 4 compounds with own public centers, accompanied by essential amenities, as a school, mosques, shops, parks, sports and playgrounds. It lies in Al Samha (Abu Dhabi), near the Abu Dhabi-Dubai highway.

Dunes Village project in Dubai Investment Park evaluated in AED 409 mln, was delivered in 2009. These are 19 5-storied buildings with 942 residential units ranging from studios to 1- and 2-bedrooms apartments.

Ghantoot Waterfront will be developed on the coastal part between Dubai and Abu Dhabi, will cover 1.4 mln m2 and offer 700-800 land lots. The concept implies the construction of a hotel and resort villas with facilities for private yachts and boats and other luxury services.

Commercial

Manazel constructed twin building complex Prestigious Tower in Abu Dhabi. Now it is hosted the company's headquarters and besides, provides 55.000 m2 of leasable office spaces.

Retail

The company owns The Outlet Capital Mall with 269 units and all retail spaces in both Al Reef communities. It's subsidiary Manazel Malls manages and operates the assets.

AL REEF 2

Al Reef 2 project launched in 2014 builds on Manazel's successful Al Reef Community Development which delivered the concept of community living for the middle income segment. This residential project is comprised of 860 villas spread across 4 areas each boasting its own community center with modern and contemporary designs.

Economic Apparel

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.

Development in Abu Dhabi

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).
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