ARTAR aims to change face of Dubai residential real estate

Sulaiman Abdulrahman Al-Rashid

One of Saudi Arabia’s most prominent real estate development companies believes its first venture in the UAE can help mould the changing face of Dubai residential property over the next few years.
Riyadh-based ARTAR Real Estate Development says a big focus on genuine livability and a payment plan requiring only a 30 percent investment prior to completion has given its Mada Residences project in Downtown Dubai major appeal for today’s demanding investors and end users.
The company believes the Dubai property market needs a shake-up to make sure that homes meet the needs of buyers whose expectations have been heightened by a changing economic climate.
“Real estate has to adapt to keep up with the changing demands of investors and end users,” said ARTAR’s Chief Executive Sulaiman Abdulrahman Al-Rashid.
“They’ve become far more astute in the challenging economic times that we face now compared with the boom era of a few years ago. They have the right to ask why they should effectively pay for homes to be built, which is what has been happening with so many payment plans.”
ARTAR has designed Mada Residences around these principles. Located just a minute’s walk from Dubai Mall, it offers 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments.
They include 80 two-bedroom apartments with maid’s rooms, a feature which has contributed to 70 percent of all units already being sold. ARTAR is guaranteeing early delivery of all units in Q2 2018.
Visitors to the ARTAR exhibition stand at Cityscape Global in Dubai in September will be able to check out the Mada Residences designs by taking a virtual reality tour of apartments.
ARTAR is the real estate development arm of Abdul Rahman Saad Al-Rashid & Sons, a group with over 50 years of regional experience in delivering high end projects on schedule.