The launch of Building Materials City in Abu Dhabi marks the beginning of a new era in the astounding growth of the UAE real estate industry. This unique 230,000 square meter development, being developed by Manazel Real Estate in partnership with United Group Holdings, will be the hub for all of the UAE’s commercial services and trading activities related to construction and building materials.
As an integrated city with regards to amenities and services, it will reinforce the role of individual companies in the development of the national construction industry. It will also provide the construction materials necessary for the execution of a wide array of future real estate projects, both in the UAE and throughout the region.
Building Materials City will bring together the leading companies in all facets of real estate construction and development by providing attractive prices and comprehensive services for its leaseholders and investors. From construction material and decoration companies to real estate developers, engineering and consultancy firms, Building Materials City provides the ideal locale to grow together. It represents a key component of the UAE’s future growth and development plans because every current and future real estate project depends on materials and associated services, which will for the first time be available all in one place.
In accordance with a governmental decree, this AED 3 billion master development will include the first building materials exchange in the Middle East, attracting international companies and investors to gain a stake in the booming UAE real estate sector. Companies established in Building Materials City will also benefit from the year-round exhibition hall and affordably priced commercial, residential and retail space. In addition, an exclusive hotel, and a total built up area of 100,000 square meter shopping mall will cater to the needs of the huge projected population of the city.
In line with its overall real estate development strategy, Manazel Real Estate is the primary investor, developer, employer, marketer, financier, and director of this mega project. Manazel has established several mutually beneficial partnerships for this project with respected companies, including United Group Holdings for real estate investment and CBRE for project analysis.
Manazel’s exclusive vision for Building Materials City makes it a solid investment for UAE & GCC Nationals, as well as for companies and individuals worldwide. From its strategically selected location and solid infrastructure to its comprehensive services and moderate prices, Building Materials City is the ideal place to invest, work and live. |
