Queue Point project sales exceeded all expectations in just days

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.