Al Majid achieves 85% occupancy rate during Q1

DUBAI: Al Majid Property Co., an affiliate of Juma Al Majid holding Group, unveiled that their UAE projects hit 85% occupancy rate during Q1 of 2021, bespeaking development and growth in the real estate market in the UAE, principally in Dubai and Sharjah despite the spread of the Coronavirus pandemic and its direct repercussions on different sectors, foremost of which is the real estate sector and the sharp drop in demand on residential units.

Al Majid Property, CEO, Ayman Ali Okasha avouched that the performance indicators of Al Majid Property Co. witnessed a remarkable growth during Q1 of 2021 that exceeded the original projections. This achievement reflects the solid basis of the Company that derives its strength and resilience from the name of Juma Al Majid; the UAE businessman, founder of Juma Al Majid Group and the honorary president of Dubai Chamber of Commerce and Industry. With the inspiring vision of Al Majid, the group developed to be pioneer in its given business in the Arab World that applies flexible methods and policies to atract the tenants of different segments, especially families.

Al Majid Property Co. projects are constantly evolving, keeping pace with the UAE’S real estate market, “Our policies are responsive to the tenants’ needs, which is indubitably seen during the Corona Pandemic”. He added that the pioneering development and modernization of the company is inspired by the broad experience that exceeds 50 years in the UAE real estate sector.