Expansion Strategy Continues

Abu Dhabi, United Arab Emirates - Manazel Real Estate PJSC (”Manazel”), a leading UAE developer, announces its plans to build four schools within its UAE residential developments.

This move is in line with Manazel’s strategy to develop fully integrated residential environments and its ongoing commitment to invest in and support the UAE’s wider education sector.  Schools will be built across its Al Reef and Ghantoot Hotel & Resort" projects with Manazel seeking to attract a number of experienced international education institutions to its planned new facilities.

Manazel plans to build two schools in its “Al Reef Villas” development, which is located near Al Raha beach and Abu Dhabi International Airport on the road to Shahama City. The first school will cater to kindergarten and primary level children and will span over 23,060 square meters and will accommodate over 2000 students.  

The second school will cater to intermediate and secondary level children and will span over 16,604 square meters and accommodate over 1000 students. Adding a unique theme for the residents of the Al Reef Villas, the education facility will consist of modern villa style units grouped into four distinct architectural themes which will include Arabian, Desert, as well as Mediterranean and Contemporary themes.

The third school will be built in Al Reef 2 in Al Samha, Abu Dhabi which has 860 villas and will cater to kindergarten children and span over 18,218 square meters and will accommodate around 1000 students.

The fourth school will be located within the Ghantoot Hotel & Resort in Abu Dhabi and will also cater to early level and kindergarten children and will cover 25,779 square meters and accommodate approximately 1,200 students.

Manazel’s Chairman H.E Mohamed M. Al Qubaisi highlighted that the building of these education facilities is directly in line with Manazel’s commitment to provide fully integrated environments for its residential communities.

In line with Abu Dhabi's vision 2030, he added that:-

“Our school building programme will support the on-going growth of our communities and provide much needed educational facilities for all of the families that live in our developments.  Our vision is to create fully integrated communities that combine education health, shopping and entertainment within a modern urban environment.

We remain focused on delivering steady and sustained growth in tandem with our expansion strategy, which is aimed at diversifying our real estate business into new and growth sectors such as education and healthcare. This in turn will deliver significant revenue growth and shareholder returns over the longer term.  I look forward to reporting further progress in due course.”

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About Manazel
Manazel Real Estate (MRE) is one of the UAE’s leading developers of quality homes for the country’s middle income segment of the population. Manazel with a paid-in-capital of AED 2.6 billion is a sharia complaint real estate company listed on Abu Dhabi Securities Exchange (ADX) within the segment of Private Joint Stock Company. Through strategic investments spanning residential and commercial developments, Manazel has succeeded in striking a balance between creating thriving, sustainable communities while providing the highest returns for shareholders and investors.

For further information please visit our website www.manazel-re.com

© Press Release 2017