Dubai: Mizin, a real estate development company and member of Tatweer, witnessed an overwhelming interest in its plots in Majan and Arjan.
The company recorded sales of more than 30 million square feet of freehold land across its properties.
Three quarters of the plots at Majan, the 16.5 million square foot mixed use development opposite City of Arabia were sold. Meanwhile, 60 per cent of Arjan, located on Emirates Road opposite the Dubai Autodrome, was sold within 12 hours at the international property investment and development exhibition. Arjan is expected to drive Dh20 billion over the next three years.
Sami Al Hashmi, chief executive of Mizin, said: "Our investors credit Mizin's success to its unique value proposition, return on investment and superior quality standards. Each of the three projects offers distinct advantages such as location, timely delivery, ready-to-construct infrastructure and transparency.
"We look forward to launching new projects that will increase our portfolio."
Mizin's pilot residential project - the 13 million square foot Liwan - sold out ahead of Cityscape.
