|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.
|FINANCIAL HIGHLIGHTS, AED'000||2013||2014||2015||2016|
|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|
|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|