Manazel

Manazel Real Estate is one of the leading developers in the United Arab Emirates. The company was founded in 2006 and is currently headquartered in Abu Dhabi. Manazel has developed a strategy and vision in line with the country’s development plans in terms of residential compounds and multi-purpose properties that are designed for residents with a middle income. This has enabled the company to address multiple issues and opportunities that have arisen in the real estate market over the past few years and allowed itself to launch thriving residential communities fully equipped with services and amenities in some of the most convenient locations in the region.

With over 27 years of experience in a wide range of management areas and over 20 years of comprehensive experience in some of the UAE’s leading financial organizations, Mamdouh Fathy serves as the CEO of Manazel Real Estate. Mamdouh has carried out a number of administrative roles as well as supervised various accounting, cash and tax management, forecasting, budgeting, financial management, reporting, and corporate management operations. His experience also includes cooperating with two of the world’s most renowned international companies – PWC and E&Y. In Manazel, Mamdouh deals with various development and real estate service matters, leading the auditing, asset management, and evaluation as well as providing advisory and financial services.

As one of the UAE’s leading developers, Manazel Real Estate pursues strategic investment in both commercial and residential developments that provide a balance between providing sustainable, prosperous communities and ensuring advantageous returns on investment for its stockholders.

Manazel is also known for reducing the difference between prices and quality standards that are frequently interrelated. This has allowed the company to provide multiple affordable real estate options that guarantee comfortable living conditions to its buyers while considering real estate investment rules that have to be adhered to according to Islamic law.

Manazel Real Estate is one of the country’s most prominent architects and real estate investors that not only develops residential and commercial complexes but provides employment opportunities to more and more people, thus supporting the UAE’s internal labor market and economy.

Some of the company’s most notable projects include, but are not limited to:

• Prestige Towers – a 20-floor twin building structure located in Mohamed Bin Zayed City, Abu Dhabi. The tower provides office spaces to rent and serves as the headquarters for Manazel Real Estate.
• Al Reef Villas is a residential complex located in the Al Reef community in Abu Dhabi. The construction started in 2008 and was completed by 2012. The complex is split into four architectural themes: Arabian, Mediterranean, Desert, and Contemporary.
• Al Reef 2 – a mixed commercial and residential complex spanning over 5 million sq. ft in Al Samha, Abu Dhabi. The complex is divided into two principal areas, Al Reef Villas and Al Reef Downtown, and is home to 16,000 residents.
• Dunes Village – a residential complex located in Dubai Investment Park, Dubai. The development consists of 19 5-floor buildings with residential properties, taking almost 463,000 sq. ft. This is a gated sub-community that features a total of 942 units including studios, 1 and 2-bedroom apartments all in various layouts.

Best Properties by Manazel Real Estate

Manazel Real Estate has proven itself to be a valuable and dutiful developer that carefully selects new locations for future developments to make sure that its clients, whether investors or buyers, can enjoy all the qualities and perks of dealing with the company in terms of amenities or high ROIs.

At the moment, Manazel is in the final stages of developing the Ghantoot residential complex, located between Abu Dhabi and Dubai. This will be a villa community featuring 2- 7-bedroom units with areas ranging from 1,410 sq. ft to 12,917 sq. ft and prices ranging from AED 2,500,000 (around USD 680,700) to AED 8,920,000 (approx USD 2,429,000). The project’s completion is scheduled for Q4 2021. It is also possible to purchase plots in Ghantoot, which can then be used for building units from scratch according to the owner’s specifications. Plot prices range from AED 1,500,000 (USD 408,400) to AED 5,500,000 (USD 1,500,000).

As mentioned above, Manazel is known for building its projects in specific locations for property owners to enjoy a comfortable life and for investors to enjoy advantageous returns. That being said, ROIs in Al Reef Villas can reach as high as 8% for a 2 bedroom villa. Al Reef 2 has a slightly lower indicator with the highest ROI of 5% for 2-bedroom villas. Dunes Village shows the highest ROI figures at the moment with returns as high as 9.7% for studios. As for Ghantoot, the ROIs remain to be seen and calculated after the project is completed and handed over.