Saudi group makes UAE foray in Downtown

Dubai - Mada Residences comprise 193 units of various sizes, with floor areas starting from 882 sq ft.

By Staff Report

Published: Mon 4 Jan 2016, 11:00 PM

Last updated: Tue 5 Jan 2016, 1:00 AM

Artar Real Estate Development has launched Mada Residences in Downtown Dubai. The luxury residential project marks the UAE debut of Artar, the property development arm of Abdul Rahman Saad Al Rashid & Sons Company, a group with over 50 years of regional construction and development experience.
Mada Residences comprise 193 units of various sizes, with floor areas starting from 882 sq ft. Residents will have access to a rooftop swimming pool, children's pool and terrace lounge, as well as sauna and steam rooms, jacuzzi, a gym and a multi-purpose lounge.
"Mada Residences has been launched to bring a new standard of living to one of the most sought-after addresses in the UAE, Downtown Dubai. Each apartment, whether one-, two-, three- or four-bedroom, is highly appointed and characterised by generous living areas and modern finishes," said Sulaiman Abdulrahman Al Rashid, CEO of Artar Real Estate Development.
Apartments in Mada Residences are available for a special payment plan - 30 per cent down payment during the first year and the final 70 per cent to be paid upon completion of the project.
The company is in the process of establishing commercial arrangements with local banks to facilitate finance for customers.
"Mada Residences is the company's first premium residential offering in Dubai and boasts all the hallmarks of our construction excellence that has made us such a force in Saudi Arabia. We are delighted to make Mada Residences available to investors - blending livability with a customer-friendly payment plan in Downtown Dubai," added Al Rashid.

More news from
Navigating Towards A Brighter Future


Navigating Towards A Brighter Future

interviewed Zafar Masud, President and CEO, at Bank of Punjab. A seasoned banker and entrepreneur with a focus on development finance, with 27 years of proven track record of success and delivery, Masud talks about the path ahead for course-correcting the country’s macro-economic situation