News

Manazel initiates the first phase handover of Al Reef Villas’ Contemporary Village

01-03-2012, Abu Dhabi
The Village encompasses 594 villas worth 846m AED, 120 of which are ready for hand over. The Villas are located at the heart of the Al Reef Villas development, which includes 4 villages housing 2376 villas valued at 3b AED

New residents flock to Al Reef Villas yet again, after Manazel Real Estate announced the handover of 120 villas completing the first phase of Contemporary Village. The second and final phase is currently underway and handover is expected to begin this June. Contemporary Village comprises of 594 villas of various sizes ranging from 2 to 5 bedroom units all housing a spacious back yard, swimming pool, and parking spaces.  
HE Mohammed Mehana Al Qubaisi – Chairman of Manazel Real Estate – comments: “Contemporary village adds an air of elegance and sophistication to Al Reef Villas. With its unique architectural design including a modern, minimalistic façade and cozy gardens, residents can look forward to a luxurious, relaxed style of living. The inhabitants of Contemporary Village will join their neighbors in making use of Al Reef Villas’ many amenities and services, which incorporate a school, a mosque, a community center, and a public park. This is in addition to a wide variety of retail services and restaurants, as well as round the clock security services both at the entrance of the development and within its vicinity”.
Manazel Real Estate celebrates its 7th anniversary this year, proudly displaying its many accomplishments within the region’s real estate market, having conquered a less than ideal global economic climate. Manazel has recently handed over 80% of its developments. This includes 4000 residential units and 2 million sq. meters of commercial and retail space, in addition to renting out 35% of the company’s assets. Adds Al Qubaisi: “We look forward to the handover of the remainder of Al Reef Villas as well as other projects throughout this year and the next. As always, we remain dedicated to completing our ventures on time as scheduled, all the while doing our utmost to benefit our investors and take advantage of the many opportunities for growth within the United Arab Emirates”.
Fueled by Manazel’s commitment to providing its clients with the highest levels of service, a dedicated team has been employed to aid new residents with whatever they may need to ensure a smooth transition into their new homes. The mélange of owners and tenants that will reside within the community will do so within a safe, family-geared environment, which goes hand in hand with Manazel’s vision for the Al Reef Villas development.
Al Reef Villas has witnessed a constant march of achievement, with Al Reef Downtown, the center point of Al Reef Villas, having been completed and handed over only last month. This was followed by the prompt completion and handover of Mediterranean Village, housing a total of 516 villas. Al Reef Villas is counted as one of the U.A.E’s largest and most progressive projects to date, spanning a vast area of one million square meters, and encompassing a total of 4194 residential units and villas, with a capacity to accommodate approximately 15,000 residents. It is located in close proximity to Abu Dhabi International Airport, Al Falah, Shahama and Al Raha Beach communities, right on the expressways leading to Al Ain, Dubai, Yas Island, and the Sheikh Zayed Bridge respectively. As a complete residential community, Al Reef Villas incorporates a varied range of amenities to suit its residents’ needs, including various recreational, retail and financial services, as well as 24 hour security.



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