Developers queue up to launch mid-income housing

22.04.2015
Al Mazaya Holding has entered the market with Q Line, a mid-income housing project in Liwan, Dubailand.

Competition in Dubai’s mid to lower-end income housing market is heating up with Al Mazaya Holding entering the market with Q Line, a mid-income housing project. Its master development is called Queue Point and is valued at AED2.6 in Liwan, Dubailand.

“We believe in the UAE [property] market and we are catering to the medium- to low-income housing. It is a promising segment for developers and there is demand for such housing,” company Group CEO Ibrahim A Al Soqabi told Emirates24/7.

“We have a prime location compared to other mid-income housing projects." Prices for studio apartments range from AED350,000, while the average price being AED750 per square foot.

Q Line, comprising four buildings with 500 units, will be completed in 2017, with the developer looking to complete Queue Point by early 2016. The 52-residential building development, inspired by San Francisco's urban structure, was originally launched in 2007, but progress slowed down post the global financial crisis and slump in the emirate's property market.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back