Dubai's Mada Residences nearing 15% completion

The rapid progress on the project follows on the expectation to deliver the project no later than July 2018

The $163m (AED600m) development comprises a total of 193 one, two, three and four-bedroom units.
The $163m (AED600m) development comprises a total of 193 one, two, three and four-bedroom units.

Saudi-based developer Artar Real Estate Development has achieved a 15% completion rate of Mada Residences, situated in Downtown Dubai.

Sulaiman Abdulrahman Al Rashid, CEO of Artar, said: “Since the commencement of construction, the progress of Mada Residences, has been on schedule. We are in the process of pouring the concrete for the first podium floor above ground, with the main core of the tower reaching the 5th floor.”

The rapid progress follows on the expectation to deliver the project no later than July 2018. 

“As of today we are ahead of our own sales targets. Savvy buyers are recognising the potential of this area and are confident enough to purchase multiple units with expectations of steady appreciation over the next three to five years.” Al Rashid added. “Our successful sales record with Mada Residences is largely attributable to our competitive prices, attractive payment plan, project location, unit layout design and the advanced construction progress”.

Located in Dubai’s premium lifestyle district, Downtown Dubai, the $163m (AED600m) development comprises a total of 193 one, two, three and four-bedroom units.

With floor-to-ceiling glass throughout, each unit at the development has been styled to be light, airy and roomy. Residents at Mada Residences will have access to a roof-top swimming pool, children’s pool and terrace lounge that offer views across the city, as well as enjoy sauna and steam rooms, jacuzzi, a gym and a multi-purpose residents’ lounge.

 

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