Press Release

Distinctive projects from Kuwait, Saudi Arabia, UAE, Jordan, Turkey, Bosnia, Germany, Britain, Georgia and Bulgaria.

Functions of the eighth session of Kuwait International Property Exhibition will kick off tomorrow morning, Monday. The Show is organized by Top Expo Group at Kuwait International Fair Grounds in Mishref, in Hall 8 during the period October 5-10, 2015 under the patronage of His Excellency the Assistant Undersecretary of the Ministry of Commerce for International Organization Affairs and Foreign Trade Sheikh Nimr Fahd al-Sabah, with the participation of 74 real estate, financial and investment companies displaying more than 250 projects in 15 Gulf, Arab and international countries. A number of participants reviewed the projects that will be launched at the Show, which are distributed among several countries, notably Kuwait, Saudi Arabia, UAE, Jordan, Turkey, Bosnia, Germany, Britain, Georgia and Bulgaria.

Mubarak Al-Sabah: Mazaya Holding presents generous offers during Kuwait International Show in Dubai and Istanbul
Sheikh Mubarak Al-Sabah , Assistant Executive Director for Marketing in Mazaya Holding Company, announced that the current participation in the Show will include highlighting the many current projects implemented by the Company in Dubai, including the “Queue Point” project in Dubai Land, which consists of 29 residential buildings to serve the average housing, located on Sheikh Mohammed Bin Zayed Road directly and the road to Al Ain City, in a strategic location near many vital and important places in the Emirate of Dubai, such as Dubai International Airport, Dubai International Academic City, Dubai Silicon Oasis, and many important shopping centers , in addition to its proximity to Expo 2020 City.

He said that in order to enhance the project’s marketing process,  Al Mazaya will provide an exceptional offer for its customers during the Show, which includes special rates from 37,500 Kuwaiti dinars, and a bouquet  of multiple offers to enable those wishing to choose what suits them. These offers include a 5% discount on cash purchase, or one year exemption of the service frees for units under construction, in addition to the possibility of realizing an investment return by 8% and funding up to 75% by accredited banks, as Al Mazaya coordinated with a number of banks for facilitating the funding procedures and issue instant approval during the Show.

He added that “Al Mazaya Holding” continues to focus on the Dubai market as one of the most promising markets, which is still the focus of attention of investors from all over the world, besides being a magnet for all job seekers and comfort of living splendor. Hence, Al Mazaya trusts the real estate market in the UAE in general and Dubai in particular, which it translated into many of the projects that had been successful. Today, we are building on this success with the Queue Point, the results of which reflected the market need in Dubai  for middle class housing to meet the aspirations of a large number of those searching for quality product, acceptable prices and strategic location.”

On the level of its foreign projects, Al Sabah said the Company will present its unique real estate project in Turkey “Ritim Istanbul”, which is being developed in partnership with Domankaya Real Estate Group of Turkey, adding that the project consists of six towers, of which 3 are serving the residential sector and the other serving the office sector,  in addition to a commercial center of an area of  more than 22 thousand square meters. The project is strategically located in the heart of the Asian side of Istanbul, near the metro station, and 15 minutes from the International Sabiha Airport, and is close to many places of interest. Al Sabah said Al Mazaya presents generous offers in Ritim project  which include affordable payments over two years and a discount rate of 12 % on the cash purchase. The residential towers include studio housing units and one-bedroom units with sizes ranging between 43 and 122 square meters, in addition to  two-bedroom and 3-bedroom units of  sizes ranging between 101 and 162 square meters, 4 and 5-bedroom units of sizes ranging between 170 and 356 square meters, and floor apartments of 190 square meters area.