“Manazel”, one of the leading 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
ADM : 20230000095124 CN : 2301096
Manazel Real Estate, established in 2006 and headquartered in Abu Dhabi, stands as a leading developer in the United Arab Emirates (UAE). With a strategic vision aligned with the nation’s development plans, the company focuses on creating residential compounds and multi-purpose properties catering to individuals with a middle-income profile. This approach has allowed Manazel to effectively address challenges and opportunities in the real estate market, resulting in the successful launch of thriving residential communities equipped with services and amenities in strategically convenient locations.
Mamdouh Fathy, the CEO of Manazel Real Estate, brings over 27 years of diverse management experience, including more than 20 years in leading financial organizations within the UAE. With a background that spans roles in administration, accounting, cash and tax management, forecasting, budgeting, financial management, reporting, and corporate management, Mamdouh has also collaborated with globally renowned firms such as PWC and E&Y. In his role at Manazel, Mamdouh oversees development and real estate service matters, leading functions such as auditing, asset management, evaluation, and providing advisory and financial services.
As a prominent UAE developer, Manazel Real Estate strategically invests in both commercial and residential developments, aiming to strike a balance between creating sustainable, prosperous communities and ensuring favorable returns for its stakeholders. Notably, the company is recognized for narrowing the gap between prices and quality standards, offering affordable real estate options that adhere to Islamic law.
Manazel’s impact extends beyond real estate development, as the company provides employment opportunities, contributing to the UAE’s internal labor market and overall economy. Among its notable projects are:
Prestige Towers: A 20-floor twin building structure in Mohamed Bin Zayed City, Abu Dhabi, serving as Manazel Real Estate’s headquarters and offering office spaces for rent.
Al Reef Villas: A residential complex in the Al Reef community, Abu Dhabi, featuring four distinct architectural themes: Arabian, Mediterranean, Desert, and Contemporary.
Al Reef 2: A mixed commercial and residential complex covering over 5 million sq. ft in Al Samha, Abu Dhabi, housing 16,000 residents and comprising Al Reef Villas and Al Reef Downtown.
Dunes Village: A residential complex in Dubai Investment Park, Dubai, consisting of 19 5-floor buildings and nearly 463,000 sq. ft, providing various layouts of studios, 1 and 2-bedroom apartments in a gated sub-community with a total of 942 units.
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