Abu Dhabi - Manazel Real Estate PJSC (”Manazel”), a leading UAE developer, is pleased to announce it has won the prestigious Housing & Urban Development Award at the 2018 Global Infrastructure Congress. The award was presented by His Excellency Dr. Abdullah Belhaif Al Nuaimi, the UAE’s Minister of Infrastructure Development, in recognition of Manazel’s “Ghantoot Waterfront Project” and its continued support for public and private developments and promoting energy efficiencies and sustainable developments.

Commenting on the award, Manazel’s Chairman H.E Mohamed M. Al Qubaisi, said:

“I am honoured to see our waterfront project in the Ghantoot area being recognised and acknowledged at the Global Infrastructure Congress 2018. It is certainly a proud moment that reflects our diversification strategy to drive future growth through unique developments and real estate projects that service various consumer segments in the UAE and wider GCC region. “

Manazel’s Ghantoot Waterfront Project is located in the Ghantoot area between Abu Dhabi and Dubai, and is expected to generate estimated revenue in the range of AED2.6 – 2.8 billion. The 1.4 million square meter project will consist of residential villas of various sizes, a resort and community facilities such as school, community centres and retail areas.

The Global Infrastructure Congress (GIC) 2018 award aimed at recognizing the best ideas, initiatives, projects and solutions that enable and showcase future-ready and sustainable infrastructure.

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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.

For further information please contact:

Enquiries:

Waleid Gamal Eldien

Chief Investment & Commercial Officer

Manazel Real Estate

Tel: +971 2 6444 466 Ext: 909

Email: investorrelations@manazel-re.ae   

Media Contacts:

FTI Consulting

Shane Dolan

Email: Shane.Dolan@fticonsulting.com

Phone: +971 4 437 2100

Yasmine Abdelkhalek

Email: Yasmine.Abdelkhalek@fticonsulting.com

Phone: +971 04 437 2115

© Press Release 2018