Manazel Real Estate wins top Forbes Middle East Award

Press release

Published October 2nd, 2016 - 06:59 GMT

During the event

Manazel Real Estate PJSC (”Manazel”), a leading UAE developer was selected among those conferred with the prestigious “Top Real-Estate Companies in the Arab World 2016” award by the Forbes Middle East. The classification was determined by analysing Manazel’s market value, assets, profits and revenue taken from the company’s annual report and Abu Dhabi Exchange stock market website.

The ceremony, ranked the Arab World’s top real estate companies and consultants and celebrated business leaders and the vision of top enterprises and their contribution to the economic development of the Arab world. Manazel Real Estate has been honored in an exclusive gala dinner in recognition of its achievements and valuable contribution to UAE economy.

Commenting on the award, Mr.Yaqoob Al Doseri - Chief Executive Officer said: ‘’ This is certainly a proud moment for Manazel. With our strong commitment towards developed real estate projects, those in which have been carefully chosen and executed based on the highest development, planning and sustainability practices. Our projects reflect our rigorous plans for expansion through available business growth opportunities in the new sector of real Estate market.’’

One of the most recent Manazel’s Real Estate projects is ‘Al Reef 2’’ that is scheduled to be delivered to during 2017, in addition to the ongoing projects that will be announced soon.

Background Information

Manazel Real Estate

“Manazel”, one of the leading Real Estate companies in the United Arab Emirates, was established in May 2006, and is headquartered in Abu Dhabi. Manazel has a unique strategy and vision that lives up to the Nation’s development future. The Company has chosen to concentrate its work on developing lively residential compounds and multi-purpose real estate aimed at the middle income segment. This strategy has allowed it to overcome most of the difficulties that faced the real estate sector in the past years, resulting in the delivery of thriving communities rich with amenities and services in carefully planned surroundings.