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Kool Kat
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12,521 Posts
Discussion Starter · #1 ·
Mizin launches pilot residential project 'Liwan'

Within days of its launch, Mizin, the real estate development arm of Tatweer a member of Dubai Holding, has launched Liwan - a unique mixed use freehold township in Dubailand.



Liwan will be located at the junction of the Emirates Road and Al Ain Road, across from Academic City and Dubai Silicon Oasis. Sprawling over 13 million sq ft, Liwan will be a landmark development with 100 separate residential complexes, six iconic towers for business activities and a variety of units aimed at fulfilling the multi dimensional demands of a community lifestyle.

Saeed Al Muntafiq, CEO, Tatweer said: 'As our pilot project, Liwan will position Mizin as a leading real estate developer. The concept, generated from unique ideas after meticulous planning, comes as a direct response to market demands. Strategically located, Liwan will gain prominence as the Eastern Gateway to Dubailand, the world's largest tourism, leisure, entertainment and lifestyle project.'

In line with Mizin's vision of offering an enjoyable and convenient living experience, Liwan will attract residents opting for a tight-knit community network with easy access to work and leisure activities.

Sami Al Hashimi, CEO, Mizin said: 'Reflecting Mizin's premium on superior quality, Liwan has been announced only after finalizing the master planning and the near completion of Phase 1 of the infrastructure to avoid a long waiting time for prospective investors.'

Phase 1 of Liwan's infrastructure reflect the norms of Dubai Municipality, in accordance with a memorandum of understanding signed earlier between Tatweer and Dubai Municipality.

To position the project as an attractive and flexible option for investors, the design and distribution of Liwan plots is aimed to match the financial capabilities and requirements of each investor. Developed over a hilly terrain, the facility will contain six different types of buildings ranging between seven to fifteen storeys on individual plots.
 

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Ruff 'n' Ready
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3,746 Posts
i think they meant maybe no more private stuff...but since mizin is tatweer which is dubai holding...so...love this quote "six iconic towers for business"
...hopefully they will look good and not some small internet/media city office blocks..
R
 

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Kool Kat
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12,521 Posts
Discussion Starter · #4 ·
Al Mazaya to invest Dh3bn in Mizin’s Liwan project

Kuwait-based Al Mazaya Real Estate Development said yesterday it will invest Dh3 billion in Dubailand, with Dh500 million to be spent on plots of land.

The Kuwaiti developer said it signed a Memorandum of Understanding with Mizin, a real-estate development company, to purchase 30 units of at the Liwan residential project within the Dubailand development.

“The real estate industry is booming within the GCC, and we plan to be a part of it,” Rashid Yaqoub Al Nafisi, Chairman of Al Mazaya said in a statement.

The firm, which has a paidup capital of approximately 30 million Kuwaiti Dinars (Dh3.67m), said it plans to develop a residential project with a commercial element as part of the Liwan scheme.

The main developer of Liwan project is Mizin, a mem ber of Tatweer (a subsidiary of Dubai Holding). The project’s main areas and infrastructure is scheduled for completion by December 2006.

The project is designed to serve different sectors of society with appropriate prices and financing.

Liwan will be located near the Emirates Road and Al Ain Road intersection and include residential and commercial buildings of between five and 15 storeys.

The main developer has utilised the design of San Francisco in the United States, with its mix of residential and commercial units, as well as parks and waterfalls.

Al Mazaya, however, did not give a timeline for com pletion of the project, but said it is also developing projects at the Dubailand theme park and Dubai Healthcare City.

Al Mazaya’s shares were down 3.3 per cent at 0810 GMT on the Kuwait stock market yesterday.

Al Mazaya listed on the Dubai Financial Market in February 2006, reporting a net profit of Dh176.3m million for the fiscal year ending December 2005, up 113 per cent over the same period last year.

In September, UAE investment bank The National Investor identified Al Mazaya as one of 14 stocks it expects will outperform the market in the second leg of the market rally.
 

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Ruff 'n' Ready
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Al-Mazaya buys in Liwan
CONSTRUCTION UAE
13 Oct 2006
Kuwait’s Al-Mazaya Holding Company has bought 30 of the 100 plots in the 1.3 million-square-metre Liwan development, formerly known as Frisco Ridge. Project costs are expected to be AED 1,250 million ($340 million). Mizin, part of Dubai Holding, is the master developer (MEED 4:8:06).

R
 

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Kool Kat
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12,521 Posts
Discussion Starter · #6 ·
Mizin starts infrastructure work at Liwan

Mizin, Tatweer's real estate company specializing in infrastructure development, today announced the start of infrastructure work at the 13 million sq ft Liwan project.

Located at the intersection of Emirates Roads and Al Ain Road, close to the Academic City and Silicon Oasis, the freehold development is in line with Mizin's management strategy of launching projects after the completion of site planning.

Sami Al Hashimi, Chief Executive Officer of Mizin said, 'Infrastructure work is a crucial step for the success of any project. We plan to rapidly complete the task reflecting the highest standards of quality, and facilitate our stakeholders to start work on their projects without any delay.'

Roadwork, which commenced on 1 August, will be completed by February 2007. Grading of plots began in mid October, and will also be completed by early next year.

Mizin's pilot project, Liwan, will nestle a community of 100 residential complexes, six business towers, entertainment, dining and retail areas. Catering to the tourist and business needs of the region, each end of the freehold project will feature two hotels that will be managed by major hospitality chains.
 

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Kool Kat
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12,521 Posts
Discussion Starter · #8 ·
Al Mazaya submits Q point at Al Liwan for sale tomorrow

Al Mazaya Holding, the leading property firm in the region, and 'Tamweel' are to hold a press conference tomorrow 5 March 2007, where they will announce the proposal of the 'Q Point' project, which is to be located in Al Liwan, Dubai Land.


Eng. Khaled Esbaitah, Al Mazaya CEO.

The project will be developed by Mizin, (a member of Tatweer, a subsidiary of Dubai Holding), and its selling and marketing plan will last from the 5th - 19th March 2007, at the Airport Expo, Dubai. This will be attended by property experts, business men and investors and the media.

"It is time for Q Point to see the light. And tomorrow, Al Mazaya will prove that it is a leading property firm in the entire region. We did not want the Q Point project to be like any other residential and commercial venture that you can find today, and we do not want it to be aimed at just one segment of the market only, but we wanted it to be a complete project with great designs and characteristics similar to the world's most luxurious projects, but all at very competitive prices. The development will also ease the distance between the buyer and seller, through providing examples of fully furnished residential units; allowing for the investor to have a complete understanding of what the end product will be like', said Eng. Khalid Esbaitah, Al Mazaya's Managing Director and CEO.

"We will witness tomorrow the launch of a great architectural building in a fully residential environment with competitive prices that start from Dhs. 400,000 for its apartments, with monthly payments of only Dhs. 3000 ", he added.

Al Mazaya made the alliance with "Tamweel" to fund the project with an agreement that will permit 95% funding for UAE citizens and 80% for GCC citizens. This will allow foreigners to own units in this project following the new laws and legislations regarding ownership rules within the UAE.

Mizin, the main developer of the project, has finished the infrastructure for the development and will deliver the plots during April 2007, allowing for work in Al Liwan to commence as soon as possible, with an anticipated completion by the end of 2009.
 

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Kool Kat
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12,521 Posts
Discussion Starter · #10 ·
Queue Point project sales exceeded all expectations in just days

Illustrating the need for middle income housing within the GCC, Al Mazaya Holdings' latest project, Queue Point, which is being developed in conjunction with Tamweel, has seen the sales for its apartments achieve an unparalleled level of success, demonstrating the merits for such an initiative.


Eng. Salwa Malhas, Al Mazaya Executive Vice President for Business Development.

Sales for the first phase of the development exceeded more than 550 residential units. However that figure is likely to rise in the next few days, given that it has only been less than a week since selling commenced. Officials say that the advantages of owning property within the scheme can still be experienced via a full scale representation of the apartments up until March 27, 2007, at the Airport Expo in Dubai.

Eng. Salwa Malhas, Al Mazaya Executive Vice President for Business Development said, "The immense turnout to take advantage of the housing and commercial units in the Queue Point project did not surprise us. Everything this project has to offer, would inevitably attract those who wish to take advantage of an excellent location, convenient housing specifications, a great design and of course manageable financing options which can begin after moving in. With all these positives going for the project, plus an effective preview of what the finished product will be like, it is of no surprise that the quick sale of this development, has occurred in just a few days."

There is a great demand from the population to live in a place that is ready to answer their needs. This has been evident from all the applications the firm has received from people who wish to live near their places of work of study. With the option to view aspects of the project before hand, including fully furnished and equipped apartments that can be tailored and designed to the customer's wishes, as well as the opportunity to see the quality of the materials used, and the beauty and accuracy of the design itself - have all contributed to the confidence investors have in Queue Point.

"The popularity of this project and the success and achievements we have seen it accomplish over the past few days, demonstrates the prudence behind our policy to provide a service that is as fluent as it is transparent. This can be seen across the board for the projects that we provide, in the communities that we serve," added Malhas

Malhas was keen to emphasize that the Queue Point project was launched after the conducting of extensive studies which assessed the feasibility and benefit for such a project. As a fully integrated development featuring a beautiful design, its competitive pricing and convenient financing options offers a means to individuals and families who are low and middle income wage earners, to own their own homes - reflecting the popularity and necessity for such a development.

Al Mazaya had announced earlier in the week its alliance with Tamweel to fund the project. The agreement covers financing for the buyers, where UAE Nationals can avail of up to 95% financing, while other GCC Nationals can get up to 70%. This allows for foreign ownership of its units within this development, reflecting the new legislation on land ownership laws within the UAE.
 

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Ruff 'n' Ready
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Phase two sales at Queue Point
United Arab Emirates: 4 hours, 2 minutes ago
The Al Mazaya Real Estate Development Company has launched the sale of phase two of Queue Point at Al Liwan in Dubailand. The residential development is aimed at middle income groups and construction is set to begin this June with a scheduled completion date of 2009. Tamweel is offering 95% finance on units with a tenure of 15 years.

R
 

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Yes We Can !
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Dubai real estate company to complete Liwan by June 2007
3-May-2007


Mizin



Mizin, the specialised real estate subsidiary of the Dubai-headquartered property group Tatweer has announced that its projects, Majan, Liwan & Arjan are on schedule and that work on Phase I infrastructure work at its 13 million square feet Liwan development in Dubai is progressing as planned; it will be completed by the middle of 2007.

The company will also begin Phase I infrastructure work on its 11 million square feet Arjan project, opposite Dubai Autodrome in May 2007. Phase I infrastructure developments comprise roadworks and lighting, while Phase II focuses on connecting networks, pipelines and other facilities.

Sami Al Hashmi, Chief Executive Officer of Mizin said “We are a company that prides itself on its innovative approaches in the real estate business. We are acutely aware of our responsibility towards our partners and ensure on time delivery of promises by strictly monitoring our progress.” He pointed out the Phase I infrastructure work of the 16.5 million square feet Majan development at the Downtown of New Dubai, was finished in May 2006, ahead of the initial completion date of September 2006.

The property developer has further assured that infrastructure development on its 3 real estate projects in Dubai, Liwan, Majan and Arjan, are progressing as was originally scheduled.
 

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Ruff 'n' Ready
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Simplex signs Queue Point LOI
by Conrad Egbert on Saturday, 09 June 2007
The US $87 million package comprises the design and construction of seven buildings, with the potential of winning a further contract.
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The US $87 million package comprises the design and construction of seven buildings, with the potential of winning a further contract.

Indian construction company, Simplex Infrastructure, is tipped to win a US $87 million (AED320 million) contract from Kuwaiti developer Al Mazaya Real Estate to design and build its latest mixed-use development in the UAE.

A letter of intent has already been signed, with the contract expected to be awarded within the next month.

The package involves the design and construction of seven buildings on a project called Queue Point in Liwan, near the Emirates Road and Al Ain intersection, with the possibility of an additional contract.
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All the buildings are low rise, ranging from five to 14 storeys.

Speaking to Construction Week, Ani Ray, country director, Simplex Infrastructure, said: "We have already signed the letter of intent and are waiting to sign the contract. Since it is a design and build contract, we have to wait for the design to be finalised before we can obtain the building permit from the municipality. We're expecting the first set of designs to be ready by the end of June.

"The client has also told us that if we do a good job on these buildings, they will give us the complete job, which will include around 20 buildings, meaning the contract would be worth around US $272 million (AED1 billion)."

The National Engineering Bureau is the consultant.

"We have given them the letter of intent and are expecting to award the contract very soon," said Fathi Damiri, vice president, Al Mazaya Real Estate.

"Construction is expected to start by the end of this month, with the job being completed within 16 months. The buildings are not high rise, so there isn't going to be a piling contract."

Al Mazaya Real Estate is a subsidiary of Kuwaiti shareholding company, Al Mazaya Holding. The company recently awarded a $220 million contract to General Construction Company for the construction of three buildings in Jumeirah Lake Towers.

R
 

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Yes We Can !
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Yes We Can !
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Liwan will be located at the junction of the Emirates Road and Al Ain Road, across from Academic City and Dubai Silicon Oasis. Sprawling over 13 million sq ft, Liwan will be a landmark development with 100 separate residential complexes, six iconic towers for business activities and a variety of units aimed at fulfilling the multi dimensional demands of a community lifestyle
 

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Yes We Can !
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21st century citizen
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When one read through these Dubailand threads even I start getting that "how can the market consume all this?!"-feeling :p I've read the stats and I believe in Dubai. But just in the couple Mizin projects the amount of objects for sale is just hard to cope with.

I'm however looking into buy-to-let - could this be a good choice for this? (alternative is international city)
 
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