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Manazel Amman to launch at Cityscape Abu Dhabi

Manazel Amman to launch at Cityscape Abu Dhabi

April 2016

Manazel Real Estate PJSC, a leading developer headquartered in the UAE, will launch a mixed-used development, Manazel Amman, at Cityscape Abu Dhabi, which takes place from 12 – 14 April 2016 at ADNEC.

Manazel Amman is the company’s first development outside of the UAE and is in line with Manazel Real Estate’s strategy of providing quality homes for the middle-income segment within a gated community.

Manazel Amman, which sits on half a million square metres of real estate, is situated just 10 minutes away from Queen Alia International Airport and 25 minutes from the centre of Amman by car. The new community, located just outside Jordan’s capital city, will include 1600 units with a mixture of apartments and villas divided in two, three and four bedroom units. A gated community, Manazel Amman will provide security around the clock and year-round maintenance, and will include retail areas, mosques, gyms, pharmacies, a medical centre and a kindergarten.

Commenting on the development, Hassan Fahmi, Manazel Real Estate’s Chief Executive Officer said: “Jordan is experiencing rapid population growth, and Manazel Amman provides affordable housing for residents seeking spacious living, a vibrant community and quality facilities within a gated community. Manazel will continue to capitalise on opportunities outside of its UAE home market that support our strategy and provide significant returns for our shareholders. Manazel Amman will contribute to the company’s diversification of revenue from new countries with untapped potential.”

In addition to the development of its flagship project in Jordan, Manazel is also focused on the delivery of its Al Reef 2 project, which consists of 860 villas located in Samha, near Kizad and Khalifa Port in Abu Dhabi.

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