DUBAI: Al Mazaya Holding has launched a new batch of its Queue Point and Q-Line projects in Dubai Land as part of the company’s end-of-year promotion campaign.

Eng. Ibrahim Al Soqabi, Group CEO of Al Mazaya holding company said: “since Al Mazaya’s inception, the company has been keen to diversify its business portfolio in a manner that ensures the continuity and sustainability of its operations. At the same time, the company seeks to avoid and mitigate risk factors whilst ensuring efficient geographical diversification for its projects across the GCC region and Turkey, with a number of international markets in Europe and North America now being considered.

He added: “Through its Q-branded projects, Al Mazaya has succeeded in developing an integrated residential compound with high-quality finishes that provide a modern and practical lifestyle which meets the needs of various segments of society. Furthermore, a residential compound that enhances the concept of medium housing projects and fulfils the urgent need for such projects, especially in high-income communities. Such developments are of increasing importance and boast a promising future, especially upon the full completion of their aesthetic qualities, including outdoor decorations, lakes, and greenery.”

He noted that: “In response to the growing demand for ready-to-move-in units, the company has launched residential apartments as part of Queue-Point’s 3rd phase and Q-Line’s 2nd Phase, all of which are ready for handover and include studio, one-bedroom, two-bedroom, and three-bedroom flats. The flats are available in different sizes and designs that correspond to various segments, including end-users and investors.”

Al Mazaya has completed construction of over 3,600 residential units or 82% of the total 4,400 housing units within its Dubai Land-based development projects. The initiative sprawls over an area of 2 million square feet and a total building area of more than 5 million square feet spread across 48 buildings.

Khaled Abdullatif, Chief Executive Officer of Al Mazaya Real Estate - Free Zone, said, “Queue Point and Q-Line in Dubai Land have become a smart choice for those seeking medium housing units, not only in Dubai, but throughout the region. They have proved to be a real estate success that meets needs of large segments of society for permanent residence in the heart of Dubai. In addition, Al Mazaya reduces the annual service fee to a very competitive rate. Across the two projects, Al Mazaya boosts real investment opportunities, ratcheting the annual percentage yield up to 9%.”