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FINANCIAL NEWS
Kuwaiti Al Mazaya resumes work on Dubai projects
02 Apr 2012
(MENAFN) Kuwait’s Al Mazaya Holding’s Executive Vice-President, Dubai Office Operations, Khaldoun Abdul Kader, said that the real estate developer resumed work on 67 delayed Dubai projects, reported Emirates 24/7.
Kader added that the projects include units and buildings in The Villa, Dubailand and Queue Point, Liwan project.
He also said that the company would take around a year to complete construction of the projects.
On the other hand, he said that The Villa project consists of 520 residential villas; most of them have been completed and delivered, whereas The Queue Point development includes 44 plots in the Liwan master plan (within Dubailand), 37 of which will be residential buildings and 7 were set aside for office, retail and commercial use.
It is worth noting that there is growing demand for medium-sized villas 3,600 square feet to 4,000 square feet in Dubai, according to Kader.
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