Manazel to build four schools near Abu Dhabi homes
The schools are part of Manazel's expansion and diversification strategies, which will deliver long-term revenue and shareholder benefits, the company's chairman said
Manazel Real Estate announced plans to develop four schools across its residential communities in Abu Dhabi.
The facilities will be built as part of the UAE developer's expansion plans, and its ambition to create integrated residential communities.
Schools will be built across Manazel's Al Reef and Ghantoot Hotel & Resort projects, with the company seeking international education institutions to operate the planned facilities.
Two schools will be built in the Al Reef Villas development, located near Al Raha Beach and the Abu Dhabi International Airport.
The first of these two schools will cater to kindergarten and primary-level students.
Spanning 23,100m2, the building will be able to accommodate 2,000 students.
Up to 1,000 ntermediate- and secondary-level students will be housed in the second school, which will span 16,600m2.
The education facility will comprise villa-style units, with architectural themes such as Arabian, desert, Mediterranean, and contemporary.
Meanwhile, Manazel's third planned school will be built in the Al Reef 2 neighbourhood of Abu Dhabi's Al Samha area.
Comprising 860 villas across 18,218m2, the kindergarten facility will accommodate 1,000 students.
The final of Manazel's planned schools will be located within Abu Dhabi's Ghantoot Hotel & Resort facility, and will provide early-level and kindergarten education.
Spanning 25,800m2, the school will accommodate 1,200 students.
Commenting on these plans, HE Mohamed M Al Qubaisi, the chairman of Manazel Real Estate, said: "Our school building programme will support the ongoing growth of our communities and provide much needed educational facilities for all of the families that live in our developments.
"Our vision is to create fully integrated communities that combine education health, shopping, and entertainment within a modern urban environment."
In a missive to the Abu Dhabi bourse, Al Qubaisi added that the firm's expansion strategy would lead to a diversification of business sectors towards new growth avenues, thus delivering "significant revenue growth and shareholder returns over the longer term".