Manazel PJSC, a leading real estate development company listed on the Abu Dhabi Securities Exchange, has announced its strategic intention to expand into the hospitality sector. This move follows the company’s return to profitability, supported by recently reached agreements aimed at enhancing operational efficiency and enabling the launch of new development projects.

The hospitality sector represents a natural extension of Manazel’s core real estate business, offering strong synergies and long-term value creation. With growing regional demand for tourism and leisure developments, hospitality assets are increasingly seen as resilient investments that drive recurring income and support portfolio diversification.

Chairman’s Statement:

“Our return to profitability marks a turning point for Manazel, and we are now positioned to look confidently towards the future, said H.E. Mohammed M. Al Qubaisi, Chairman of Manazel PJSC. “Our expansion into the hospitality sector reflects our belief in the enduring strength of the tourism and real estate market in the UAE. We remain committed to responsible, transparent growth and to delivering long-term value to our shareholders.”.

The company has approximately 2,000 hotel apartments that shall form the foundation of its upcoming hospitality portfolio.