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Sunday, November 29 - 2009

Manazel Real Estate at your service at Cityscape Dubai 2008

  • United Arab Emirates: Monday, September 29 - 2008 at 15:57
  • PRESS RELEASE

Manazel Real Estate will once again be in attendance at the Cityscape Dubai 2008 property exhibition, with a full Manazel Customer Care team available for our customers to update them on the progress of our current projects and to inform about our pipeline of future developments.

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Since inception in 2006, Manazel Real Estate has launched four major projects in the UAE and Jordan, with overwhelming demand. Cityscape Dubai 2008 offers the opportunity for Manazel Real Estate to update its customers on progress at each development, and to reaffirm our commitment to customer care, delivery of service, and progress of development.

Manazel Real Estate's Chairman, Mohammad Al Qubaisi, said:
"Our customers are at the very heart of our business and we welcome this opportunity to demonstrate our projects, which are progressing on schedule, and to be able to answer any questions that our customers may have. We look forward to meeting our customers at our stand to find out more."


Of the four projects Manazel Real Estate has launched, Building Material City which was launched in 2006 and now re-branded as 9712BMC "The Nation's Destination", is nearly sold out and construction is well underway in three major phases. At our Al Reef Villas development, the first phase is progressing on target with the first phase of villas due for completion Q2 2009. The remaining three phases will be completed by early 2011 according to schedule. Dunes Village in Dubai is on track for completion in early 2009, and at our Amman Gardens development in Jordan progress is underway. The combined cost of these four projects totals approximately Dhs11bn.

Manazel Real Estate is also pleased to announce at Cityscape Dubai 2008 its new commercial development "The Executive Tower" in Jeddah. Representing a masterpiece in architectural design, The Executive Tower will offer a new standard in commercial real estate in the city of Jeddah. With a built-up area of 42,000 sqm, the executive Tower comprises 50 floors of offices, including 8 levels for parking and retail.

Manazel Real Estate is proud of its record for delivering high quality, affordable developments on time, and is set to maintain this record with this new sought after development in Jeddah, and its future projects. Please visit us at our stand for more information about our projects.
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Notes and media contacts

About Manazel Real Estate:

Manazel Real Estate was founded in 2006 with a vision to deliver high-quality, affordable developments to the essential middle-income population of the UAE and across the region. To date the company has demonstrated exceptional growth expanding from 5 staff in April 2006 to 150 currently, including Manazel Specialist, the sales arm of Manazel Real Estate. This growth is set to continue aligned with the long-term strategic plans of the Government of the UAE, especially focusing on the Abu Dhabi 2030 Plan.

In addition, based on the strategic vision of the company, Manazel is expanding its operations regionally and internationally. With the successful launch of our first overseas project "Amman Gardens" in Jordan, and the announcement of "The Executive Tower" in Jeddah, Manazel will be launching other new projects regionally and internationally in the near future, across the region.

As a result of this demand and the strength of the sales, the company has experienced exceptional growth since 2006, starting with a paid up capital of Dhs2.5bn and 2,600 shareholders, growing to today's position with projects valued at over Dhs11bn.

Alongside the projects currently underway, the company has also entered into partnerships and subsidiaries already established to realise maximum synergies and diversify the revenue stream, including a construction and logistics organisation, a District Cooling company, and a real estate sales company.

For further information, kindly contact:

George Tucker
Director
Gavin Anderson & Company
Corniche Road
P.O. Box 45175 Abu Dhabi, U.A.E.
Tel: +971 2 622 5775
Fax: +971 2 622 5770

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