ARTAR Real Estate Development has signed a Memorandum of Understanding (MOU) with Arab Bank to offer finance solutions for buyers of luxury apartments at Mada Residences in Downtown Dubai.
The 36-storey high rise residential tower located just a short walk from The Dubai Mall offers 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments.
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, said ARTARs Chief Executive, Sulaiman Abdulrahman Al Rashid.
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 percent.
ARTAR, which is guaranteeing early delivery of all units in Q2 2018, has established a payment plan requiring only 30 percent investment prior to completion.
Mada Residences includes 80 two-bedroom apartments with maids rooms, a unique feature in the Downtown area which has contributed to a large proportion of the units already being sold.
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.