Sunday, April 16, 2017

Manazel unveils big Cityscape Abu Dhabi plans

Manazel Real Estate, a leading UAE developer, is set to showcase four major projects including its gated community development, Manazel Amman, the company’s first development outside the emirates, at the upcoming Cityscape Abu Dhabi.

At the top real estate event to be held from April 18 to 20 at the Abu Dhabi National Exhibition Centre, Manazel will be giving updates on its new real estate projects.

Manazel Amman, the development located in the Jordanian capital, 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 sq m 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 said it had 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 UAE.

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.

Besides this, Manazel will be showcasing its Dari initiative which is being managed and operated by its subsidiary Al Manzel and the Manazel ‘Medical City’ which is the group’s first integrated medical development in the 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.

Manazel’s chairman Mohamed M. Al Qubaisi 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."

"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," he added.

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.-TradeArabia News Service

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