Manazel Real Estate launches sales of Al Reef Downtown apartments and Prestige Tower at Building Materials City

One month after closing the sale of 2,500 villas of its Al Reef project near Al Raha Beach, Manazel Real Estate officially announced the launch of the sales phase of two new projects - Al Reef Downtown and Prestige Tower at Building Materials City (BMC). Sales in two landmark projects will start at Cityscape Abu Dhabi from May 8 to 10 2007.

"In line with Manazel Real Estate's strategy of providing affordable housing for the low to middle-income segment of the population in the UAE and throughout the MENA region, the first phase of sales of Al Reef Downtown will involve 582 apartments out of the development's total of 1,500", confirmed Mohammed Al Qubaisi, Chairman of Manazel Real Estate. "We have also chosen to launch the sale of units in Prestige Tower, two 20-storey office buildings at the heart of Building Materials City (BMC) with more than 2,000 square meters of office space per floor".

Al Reef Downtown (part of Al Reef Villas Project) offers three apartment types, ranging from 70 to 125 square meters in size.

"The Al Reef development will be a master development encompassing a whole new community, with all the necessary facilities and services for its citizens. Residents will enjoy the nearby shopping malls, supermarkets, outdoor markets, dedicated community services and many recreation areas", added Al Qubaisi.

Prestige Tower is a commercial tower in the unique, 230,000 square-meter Building Materials City development, which is being developed by Manazel Real Estate in partnership with United Group Holdings. BMC will be the hub for all of the UAE's commercial services and trading activities related to construction and building materials. "With the most advanced features not available in office towers of similar stature and being sold at very competitive prices, Prestige Tower is an ideal venue for both local and multi-national companies to explore their business potential and opportunities in true UAE fashion," said Al Qubaisi.

Manazel Real Estate will be participating at Abu Dhabi Cityscape. "It is a great opportunity for the real estate business in the emirate of Abu Dhabi to showcase their serious commitment to Abu Dhabi's progressive vision on real estate for future generations", confirms Mohammed Al Qubaisi.