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Manazel sets up new affordable housing unit

UAE Business


Manazel Real Estate, a leading developer headquartered in the UAE, has announced the launch of Al Manzel, a new subsidiary responsible for managing and operating the company’s Dari initiative which connects the recipients of governmental housing loans with consultants and qualified experts at Manazel who oversee the new home’s construction from design to delivery.

The initiative, which has been established to support Emiratis, will help aspiring home owners with limited budgets to build their homes in a turn-key operation, choosing from among 10 types of villas of varying sizes, said a statement from the company.

The new unit has a dedicated team of consultants who will act as the local clients’ representatives before governmental departments, contractors and architects, and oversee all aspects of construction, including timelines, budgets and inspections, it added.

According to Manazel, the launch of the new unit supports its ongoing strategy to make affordable housing more accessible in the country, and aligns with the vision of UAE leadership to give all citizens access to quality homes at an affordable price.

The Emirati firm identifies and works with contractors and consultants on the citizens’ behalf, and ensures that homes are delivered within the government’s Dh2 million ($544,382) housing loan budget.

It will be delivering its first home under the Dari initiative this week at Mohammed Bin Zayed City.

Each of the villas on offer is being constructed by external contractors, in accordance with traditional family values, and incorporates between six- and seven-bedrooms, two majlis spaces and accompanying service rooms, including a kitchen, laundry, store room and maid’s room.

With the aim of adding even more value to Dari and working in co-ordination with government entities, Al Manzel offers post-delivery services that are initiated after the acquisition of all municipality permits for water, electricity, internet and phone lines, and the handover of the finished home.

Al Manazel identifies vendors and negotiates rates on everything from home furnishings with UAE-certified suppliers, interior designers, landscapers and maintenance services, it added.

Commenting on the new unit, CEO Hassan Fahmi said: “Our core business strategy centres on meeting the demand for affordable housing in the UAE, and Dari is a natural extension of this."

"Not only are the homes we help deliver both affordable and comfortable, but they are also designed to correspond with the values embraced by families in the UAE, including majlis areas for both men and women," he added.

The creation of Al Manzel follows the establishment of the Manazel Malls subsidiary to manage the company’s retail areas in Al Reef Community and Al Reef 2, Capital Mall and future retail projects.-TradeArabia News Service






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