{"id":52009,"date":"2017-04-16T22:52:45","date_gmt":"2017-04-16T15:52:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=52009"},"modified":"2017-04-16T21:08:57","modified_gmt":"2017-04-16T14:08:57","slug":"manazel-makes-further-cuts-to-planned-jordan-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-makes-further-cuts-to-planned-jordan-development\/","title":{"rendered":"Manazel makes further cuts to planned Jordan development"},"content":{"rendered":"


\nAbu Dhabi-based Manazel Real Estate said it has reduced for the second time the number of homes in its long-awaited housing project in Jordan, its first outside the UAE, because of “market feedback”. In a statement to the Abu Dhabi bourse, Manazel said it will be marketing 1,253 apartments and villas at its Manazel Amman development during the Cityscape Abu Dhabi property exhibition, which starts on Tuesday.The number of homes in the project has fallen by about a fifth from the 1,600 villas and apartments it was marketing at last year’s Cityscape. That is about one-third fewer than the 1,863 villas Manazel marketed in the Jordanian project – then known as Amman Gardens – when it was launched in 2008.”Numbers are based on the new project layout, which adds other elements into the mixed-use development after receiving further guidance from market feedback,” a Manazel spokesman told The National. Manazel Amman will also include retail areas, mosques, gyms, pharmacies as well as a medical centre and kindergarten on site. The company announced a plethora of ambitious projects in the mid 2000s as the UAE benefited from an increase in real estate prices. Manazel completed schemes including Al Reef Villas and Capital Mall in the Abu Dhabi and Dune Village in Dubai. But it was hit badly by the global financial crisis forcing it to put many of its plans on ice. The company is working on long-awaited plans to build a 70,000-square-metre Capital Health Care City hospital and property project in Abu Dhabi and a tourism project in Ghantoot. “In the pursuit of delivering sustained and optimal shareholder value, Manazel remains focused on the delivery of unique and diverse real estate and tourism projects, which reflects the company’s commitment to its on-going expansion strategy to enter new growth markets, which will both diversify the company’s real estate portfolio while also creating new revenue streams also fulfilling its revenue diversification strategy,” said Mohamed Al Qubaisi, Manazel’s chairman, in a statement.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Manazel makes further cuts to planned Jordan development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi-based Manazel Real Estate said it has reduced for the second time the number...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52009","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dwR","jetpack-related-posts":[{"id":10334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-to-start-off-plan-sales-in-amman-property-project-eight-years-after-launch\/","url_meta":{"origin":52009,"position":0},"title":"Manazel to start off-plan sales in Amman property project eight years after launch","date":"April 10, 2016","format":false,"excerpt":"\r \r Manazel Real Estate plans to start selling off-plan property at its first overseas project in Jordan about eight years after it was first launched.The Abu Dhabi developer hopes to attract buyers to its Manazel Amman project of 1,600 villas and apartments, which it is building on the outskirts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43381,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-plans-major-tourism-project-in-ghantoot\/","url_meta":{"origin":52009,"position":1},"title":"Manazel plans major tourism project in Ghantoot","date":"February 8, 2017","format":false,"excerpt":"\r Manazel, the property company that built Abu Dhabi's mid-market Al Reef development, said that it plans to press ahead with a tourism venture in Ghantoot on the Dubai border. In a statement to the Abu Dhabi bourse, Manazel said yesterday that it was preparing to launch a tourism project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-first-half-profit-weighed-by-reorganisation-and-staff-costs-at-abu-dhabi-developer\/","url_meta":{"origin":52009,"position":2},"title":"Manazel first half profit weighed by reorganisation and staff costs at Abu Dhabi developer","date":"August 16, 2016","format":false,"excerpt":"\r Company reorganisation and staff costs ate into first half profits at Abu Dhabi-based property developer Manazel Real Estate.For the six months of 2016, profits at the developer which built Abu Dhabi's mid market Al Reef compound fell 30.5 per cent to Dh31.2 million, down from Dh44.9m a year earlier.In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-based-manazel-real-estate-reports-29-per-cent-profit-hike\/","url_meta":{"origin":52009,"position":3},"title":"Abu Dhabi-based Manazel Real Estate reports 29 per cent profit hike","date":"February 15, 2016","format":false,"excerpt":"\r \r Abu Dhabi-based developer Manazel Real Estate saw its net profit increase by 29 per cent to Dh195 million in 2015, despite posting flat revenues of Dh740m.The company said that profit increased following a restructuring of its operations, which began in 2014, and through diversification efforts to create more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-manazel-real-estate-approves-bonus-share-after-29-profit-rise\/","url_meta":{"origin":52009,"position":4},"title":"Abu Dhabi developer Manazel Real Estate approves bonus share after 29% profit rise","date":"April 26, 2016","format":false,"excerpt":"\r Manazel Real Estate shareholders approved the distribution of a 4 per cent bonus share after the Abu Dhabi developer reported a 29 per cent rise in full year profits to Dh195 million.The developer said the growth in earnings was driven by a restructuring strategy started in 2014. Revenues were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-manazel-real-estate-approves-bonus-share-after-profit-rise\/","url_meta":{"origin":52009,"position":5},"title":"Abu Dhabi developer Manazel Real Estate approves bonus share after profit rise","date":"April 26, 2016","format":false,"excerpt":"\r Manazel Real Estate shareholders approved the distribution of a 4 per cent bonus share after the Abu Dhabi developer reported a 29 per cent rise in full-year profit to Dh195 million.The developer said the growth in earnings was driven by a restructuring stra\u00adtegy started in 2014. Revenues were flat\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52009"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52009"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52009\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}