Published on : Thursday, February 9, 2017
As told by Manazel, the property company that created AI Reef development, a mid-market in Abu Dhabi discloses the fact that it’s preparing to launch a tourism venture in Ghantoot located at the border region of Dubai.
To quote Manazel in a statement provided to Abu Dhabi bourse, ‘’which is to be considered as one of its major real estate projects within the country’’. Mohamed Mehanna Al Qubaisi, the chairman of Manazel Real Estate said that this initiation was in the process of getting licensed and would get a final announcement in April at Cityscape Abu Dhabi.
Mr Al Qubaisi said also said that more than 2,500 low cost villas would be built at Ghantoot site at the next phase of Al Reef development project. The company also confirmed that it’s looking for joint ventures with prefabricated house builders to construct houses fast and affordable way.
In 2014, Manzel completed more than 1,818 apartments and 2,376 villas at Al Reef Downtown. It’s being expected 60 villas at Al Reef 2 in Samha, close to Kizad and Khalifa Port would be built this year.