Al Mazaya Holding, the Kuwaiti developer whose stocks are listed on the Dubai Financial Market, has launched a new project on plots it owns at Dubailand called Q-Line.
The project is will consist of four buildings ranging in height from nine to 14 storeys. It will sit on a 150,000ft2 site in Dubailand, and the units will range in size from studios of 369ft2 to two-bed apartments containing 1,462ft2. The project is due for completion in 2017.
It follows on from its Queue Point development at Dubailand, which contains 52 residential buildings aimed at middle income families. Al Mazaya said that 75% of these units in the Al Liwan area of Dubailand are now complete and 80% of them had been sold.
The firm also has 29 plots in the area being developed by third parties.
Chairman of Al Mazaya Holding, Rashid Al Nafisi, said: “We have an increasing demand from end users in the thriving real estate market in the UAE in general and Dubai, in particular."