25/04/2014 07:39 AST

Al-Mazaya Holding Company, one of the first Kuwaiti companies that entered the Dubai market, launched the second stage of the Queue Point project in Liwan.

Addressing a press conference in Dubai International Financial Centre, Rashid Al-Nafisi, chairman of the board of directors of Al-Mazaya Holding Company, said his company was able to fulfill many giant projects and achievements in line with the Sky Gardens at Dubai International Financial Centre, the Al-Mazaya Towers Projects in Jumeirah Lakes and more than 800 residential villas in Dubai Land, with total investments amounting to AED6 billion.

Ibrahim Al Saq'abi, group CEO, gave a presentation about the Liwan project and its ongoing stages, and said the project included 52 'land' plots, 25 of which are owned by Al-Mazaya.

"Queue Point is a distinct project which enjoys a strategic location. The architectural design study was carefully conducted so the project can meet the needs of all target segments. The residential units include one, two, or three bedroom units with comprehensive services," he added.

Al-Mazaya Holding Company - listed on the Kuwait Stock Exchange and Dubai Financial Market - seeks to provide a real estate product that meets the needs of the resident and investor in the UAE in general and Dubai in particular, at "very competitive prices" starting from AED500,000 per apartment, in addition to the provision of payment facilities through authorized UAE funding agencies like Dubai Islamic Bank.


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