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Artar signs MoU with Arab Bank for Mada Residences

The 36-storey high-rise residential tower, located near to The Dubai Mall, offers 193 one-, two-, three-, and four-bedroom luxury apartments

NEWS, Business, Arab bank, Artar Real Estate Development, Downtown Dubai, Dubai mall, Mada residences, Residential buildings

Artar Real Estate Development has signed a Memorandum of Understanding (MoU) with Arab Bank to offer finance for buyers of luxury apartments at Mada Residences in Downtown Dubai.

The 36-storey high-rise residential tower, located near to The Dubai Mall, offers 193 one-, two-, three-, and four-bedroom luxury apartments.

Artar’s chief executive, Sulaiman Abdulrahman Al Rashid, said: “Our intention is to help investors and end users as much as possible in financing their purchases, and we are very happy to have signed an MoU with Arab Bank to support this commitment. 

“It means that Mada Residences buyers interested in home loans will be able to take advantage of different finance options all offering competitive interest rates, fast process and flexible arrangements, with down payment starting from 25%.”

Artar, which is guaranteeing early delivery of all units in Q2 2018, has established an attractive payment plan requiring only 30% investment prior to completion.

Proximity to a huge options of dining, entertainment, retail, leisure, cultural and other facilities has also helped significantly to attract both investors and end users.

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