Mizin Achieves it
a real estate development company and a member of Tatweer, said
it had sold more than 20 million square feet of built up area to
investors since its launch four months ago.
Mizin chief executive officer Sami Al Hashmi said: “After
launching three landmark, multi-million square feet projects in
less than four months, Mizin has met its land sales target.
“Mizin has a commitment to creating projects that assure
substantial gains for our partners.
“This has been recognised by buyers and investors who have
snapped up a total built-up area of more than 60 million gross
floor area (GFA), equivalent to more than 20 million sq ft of
land area, valued at more than Dh4.6 billion.”
Disclosing the sales figures for the first time, Al Hashmi
revealed its first project – Liwan – has been sold out. Spread
across 13 million sq ft, and located near Academic City and
Dubai Silicon Oasis, Liwan is a landmark development with 100
separate residential complexes and six iconic business towers.
Al Hashmi added: “Of the other two, 85 per cent of Majan, a
mixed-use development incorporating residential, retail and
commercial units spread across 16.5 million sq ft, has been sold
“Arjan, a mixed-use Dh20 billion project, to be built over the
next three years on an area of 20 million sq ft, is 75 per cent
All road infrastructure works at Majan have been completed.
Road works of Liwan and Arjan will be completed by April and
before the end of the year respectively.
“The overwhelming response from investors is due to the fact
that we offer projects that are ready for development by
investors. This means there is no waiting time between investing
and starting construction,” Al Hashmi said.
Mizin will announce more themed developments for the general
public within the next few months, all based on market research
and investor demand.
Launched in September 2006, Mizin, a member of Tatweer, is a
real-estate specialized company. Going the extra mile beyond the
traditional concept of real-estate development, Mizin will
introduce innovative ideas with unique value propositions and
ensure implementation is inline with the highest international
Launched in December 2005 Tatweer is one the region’s most
promising enterprises and a Member of Dubai Holding. It owns
nine market-leading companies and managing an ambitious business
Its current portfolio is divided into Energy & Healthcare,
Tourism & Entertainment, Industry & Knowledge.
Its entities are Dubai Healthcare City, the region's hub for
world-class quality healthcare services; Mizin, one of the most
advanced real estate companies in the region; Dubailand, one of
the biggest leisure, entertainment and tourism destinations in
the Middle East region; Dubai Industrial City, an industrial
township to develop Dubai as a leading manufacturing hub; Bawadi,
the world’s leading hospitality and entertainment project
bringing 31 hotels and more than 29,000 hotel rooms; Dubai
Energy, investing in regional and global energy opportunities
and building a diversified investment portfolio; Dubai
Mercantile Exchange, the first commodity futures exchange in the
Middle East; Global Village, which brings together 160 different
countries showcasing myriad cultures; and Moutamarat, the first
Arab initiative organizing research-based conferences and
A Member of Dubai Holding, Tatweer and its entities will
continue to consolidate a group of life-improving industries.
In addition, it has pioneered the market with joint venture
initiatives with leading companies such as the New York
Mercantile Exchange or the Saudi Research and Publishing
Tatweer will continuously strive for world-class performance
implementing leadership development to drive and sustain
business excellence, quality and high performance.TradeArabia