Market: Abu Dhabi ISIN: AEM000601017 Industry: Real estate development

Headquartered in Abu Dhabi, UAE, Manazel Real Estate is one of the nation’s leading developers of quality homes for the country’s middle income segment of the population. Through strategic investments spanning residential and commercial developments, Manazel has succeeded in striking a balance between creating thriving, sustainable communities while providing the highest returns for shareholders and investors.

With quality often sacrificed at the altar of price, Manazel is a pioneering developer that has succeeded in bridging the gap between these two factors to craft a wide range of affordable properties that cater to almost any lifestyle aspiration while adhering to Islamic real estate investment regulations.

As comprehensive master planners and community builders, we take pride in our ability to balance our multiple roles whether as planner, builder, landlord, investor, community partner or project manager. We are an equal opportunity employer that retains the most experienced and talented teams of professionals and encourage them to apply their full potential in the pursuit of excellence.

Currency AED
Last Closing Price 0.41
Change (%) -0.72
Volume 1,160,000
Number of Shares (mln) 2,600
Market Cap (mln) 1,071
FINANCIAL HIGHLIGHTS, AED'000 2013 2014 2015 2016
859,385 738,609 739,932 748,616
Gross profit 176,400 231,482 243,906 254,322
Gross margin 21% 31% 33% 34%
Profit for the year 188,667 151,652 195,468 206,516
Net cash flows from (used in) operating activities (141,981) 117,289 (208,431) 12,135
Bank balances and cash 68,725 25,898 15,094 179,992
Development work-in-progress 291,769 201,839 262,760 190,617
Total assets 3,799,600 3,626,837 4,210,803 4,700,632
Total equity 2,231,060 2,014,413 2,600,494 2,801,574
Advances from customers 169,426 144,397 29,910 33,473
Earnings per share, Basic and diluted (AED) 0.07 0.054 0.075 0.079

*2015: 4% bonus shares were distributed.