We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Fri 16 Jun 2017 10:12 AM

Font Size

- Aa +

Al Mazaya says 2,300 homes handed over in Dubailand

Developer also says it is 'eagerly looking' for new investment opportunities in Dubai

Al Mazaya says 2,300 homes handed over in Dubailand

Al Mazaya Holding has announced the handover of 2,300 homes to their owners in Q-Point project, a development at Dubailand, following the completion of construction work.

The first phase of another development project, Q-Line, has been sold out while construction of the second phase, comprising 253 units, will be completed early next year, the company said in a statement.

The company added that it is "eagerly looking for new investment opportunities" in Dubai, especially in Dubailand.

It said that the success of Q-Point encouraged the launch of an integrated series of projects that now includes Q-Line and Q-Zone, increasing the project’s total number of mid-income and affordable units to 5,000.

Q-Line features four residential buildings including studio, one-bedroom and two-bedroom apartments.

Ibrahim Al Soqab, Group CEO, said: “We launched Q-Line project in Dubailand following the remarkable success of the previous phases of Q-Point project, which attracted a large number of UAE nationals, residents and foreign investors.

“The company is eagerly looking for new investment opportunities in Dubai, especially in Dubailand area. We have solid belief in the strong potential of the Dubai real estate market and high prospects of success awaiting the projects to be implemented in this part of the city."

Arabian Business: why we're going behind a paywall

For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.