Artar Real Estate Development, the property development arm of Abdulrahman Saad Al-Rashid & Sons Company, has completed 15% of the construction work on the Mada Residences in Dubai.



The AED600m ($163m) Mada Residences are being built in Downtown Dubai, where the main core of the tower has reached the fifth floor.

The development will feature a total of 193 one-, two-, three- and four-bedroom units. With floor-to-ceiling glass throughout, each unit has been designed to be light, airy and roomy.

Residents at Mada Residences will have access to a roof-top swimming pool, children's pool, terrace lounge, sauna and steam rooms, jacuzzi, a gym and a multi-purpose residents' lounge.
 
Artar’s CEO Sulaiman Abdulrahman Al Rashid 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.

"Savvy buyers are recognizing 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.

"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."

The construction progress on the site indicates that the project will be completed by July 2018.