Queue Point - Mazaya @ Dubai Land - to invest or not?

New_Investor · #1 26-04-2008, 05:43 AM

Hi,

i'm looking in to buying a property in a project called Queue point and the Developer is called mazaya,
Up to 95% financing available from Tamweel
On the spot approva
located at the intersection of Emirates Road and Al Ain road
Freehold property ownership
One, Two, and three bedroom apartments
Units priced from AED 334,000 to AED 1.07 million

Question is, I need advice for this project weather it's going to have a good return or not, as i'm worried about the developer, has any one heard about this project or developer?

Appreciate your advice
Thanks
Hesham

mpat · #2 26-04-2008, 06:01 AM

Mazaya is a good developer and for sure it wil ldeliver good returns.... and work out well.
bye

New_Investor · #3 26-04-2008, 06:32 AM

Quote:

Originally Posted by mpat

Mazaya is a good developer and for sure it wil ldeliver good returns.... and work out well.
bye

Thanks for the reply, but could you please explain more why do you think it's a good developer? and why it would yeild a good return?

Thanks
Hesham

mpat · #4 26-04-2008, 06:56 AM

Becos MAZAYE is a reputed developer from kuwait ( I think from kuwait or qatar ) and has delivered good projects in UAE and is attached with TAMWEEL and other reputed finance houses who generally dont attach anyone with them just like that.I was trying to invest there in the beginning but somehow could not happen, just last week a friend of mine bought the whole floor. fyi.

New_Investor · #5 26-04-2008, 06:59 AM

Quote:

Originally Posted by mpat

Becos MAZAYE is a reputed developer from kuwait ( I think from kuwait or qatar ) and has delivered good projects in UAE and is attached with TAMWEEL and other reputed finance houses who generally dont attach anyone with them just like that.I was trying to invest there in the beginning but somehow could not happen, just last week a friend of mine bought the whole floor. fyi.

Thanks for the help

how much was the floor price PSF?

mpat · #6 26-04-2008, 07:05 AM

I think it was 950 PSF

DoBuy · #7 26-04-2008, 04:48 PM

Quote:

Originally Posted by New_Investor

Could you send the link of the thread for Q point, i cant find it on the domain - there're so many threads

Thanks

Go to 'Masterplanned Projects by Mizin' then 'Project Liwan'

New_Investor · #8 26-04-2008, 06:31 PM

Found it, Thanks it's really helping to make a good idea about the situation.

Well, every thing looks ok, i mean it's a reputable Developer who has a tie with TAMWEEL, Strategic locatin, good quality building !!!!

so what's the catch? why the prices are so low, i dont like deals where it's too good to be true?!! sorry for being extra cautious, but it will be my first realestate investment and i'm little bet wired up!

mpat · #9 27-04-2008, 06:01 AM

Quote:

Originally Posted by New_Investor

Found it, Thanks it's really helping to make a good idea about the situation.

Well, every thing looks ok, i mean it's a reputable Developer who has a tie with TAMWEEL, Strategic locatin, good quality building !!!!

so what's the catch? why the prices are so low, i dont like deals where it's too good to be true?!! sorry for being extra cautious, but it will be my first realestate investment and i'm little bet wired up!

The reason of low prices is a bit unknown, but for sure , investors will reap goood rewards there......

mpat · #10 28-04-2008, 05:18 AM

Quote:

Originally Posted by New_Investor

Thanks for the valueable information, i'm actually trying to do so, that's why i'm asking a lot of questions

any way i guess u sound uncomfortable at this project, i've the same feeling since it's the company's first project in dubai and not to mention that construction start date is still unknown where the project was launched almost more than a year ago and still noting is going on

That's why this project is sending a mixed signs !!!

Thanks
Hesham

Hesham

I was at the site yesterday after reading your posts and want to tell u that construction is going on there,. ,. ,. I will try to psot some pictures tomorrow or day after...The reason for delay should have been the delay in handing over the plot to the developer...
Bye