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Manazel launches new subsidiary to manage retail spaces

UAE - January 17, 2016
Manazel

The leading real estate developer in UAE, Manazel Real Estate, has announced launching a new subsidiary to manage and operate all the malls and retail areas owned by the company.

The new Manazel Malls will take control of the Capital Mall in addition to the retail zones in Al Reef Community and Al Reef 2 in Abu Dhabi. Also, the company will manage the future projects.

Manazel ensures by launching this arm that all retail areas and malls are managed by professional and well-experienced team of calibers which aimed at improving performance for this line of business.

Manazel Malls will provide also managing the malls on behalf of third parties all around the UAE.

Walid Gamal El Din, chief of investment and commercial officer at Manazel, mentioned that this step resembles the company’s eagerness to capitalize its expertise in real estate by launching an arm to manage all retail assets.

Walid added that the company composed an experienced team of officers and executives who are surely capable of ensuring optimal performance and increasing the revenues of Manazel’s retail assets.

He assured that the company will remain focused on growth opportunities and looks forward to adding more successes to its already formidable portfolio.

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