Manazel Real Estate PJSC provided an update on its Al Reef 2 development, which is located in Al Samha in Abu Dhabi with easy access to Dubai and the rest of the UAE. The first phase of the project is nearing completion with completed villas scheduled to be handed over by the end of 2017. 95% of villas are now sold with the construction project now 70% complete. The concrete skeleton of all villas are now built and the project has been registered with the Abu Dhabi City Municipality. The successful sales of Al Reef 2 have contributed significantly towards Manazel's on-going profitable growth to date. Al Reef 2, which started development in 2016, consists of 860 duplex villas across four residential neighborhoods with a central hub offering community facilities such schools that will accommodate approximately 1,500 students, retail outlets for shopping and dining, clinics and public parks. The retail area will host around 30 shops.