SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Saudi Investors to Keep Faith in Dubai Real Estate - Developer
Saudi Investors to Keep Faith in Dubai Real Estate - Developer

ARTAR COO says the emirate’s property market has a proven reputation for delivering long-term benefits 

Dubai, UAE, 13 September 2017:  Saudi Arabian investors will continue to put their faith in Dubai real estate because the emirate’s property market has a proven reputation for delivering long-term benefits, a developer said at Cityscape Global today.

Okbah Abdulkarim, Chief Operating Officer of ARTAR Real Estate Development, says Dubai’s status as a safe haven for real investors remains intact and major developments driving the economy are building investor interest, particularly from Saudi.

Official Dubai Land Department figures show that, in the 18 months from January 2016 to the end of June this year, the biggest GCC investors in Dubai real estate other than Emiratis were Saudis who made a total of 5,366 transactions worth AED 12.5 billion.

“Many Saudis still see Dubai as a desirable city to visit because it’s close by, there are shared religious and cultural values and a superb lifestyle here,” said Abdulkarim, currently overseeing ARTAR’s Mada Residences tower in Downtown Dubai which is due for completion on schedule by 2Q 2018.

“There’s a lot of diversification in the investment opportunities here in Dubai and it’s a city that Saudis know well, and trust. Our Mada Residences project has attracted a lot of Saudi investors. 

“Dubai has built protection from negative economic effects by creating an infrastructure for business, investment and living. It is still regarded as a city where residential property provides long-term financial security.”

ARTAR believes the biggest volume of real estate investment in Dubai will continue in prime locations like Downtown, where Mada Residences stands out for a number of reasons, not least its Signature Collection of nine elite 4-bedroom apartments which have been taking centre stage at the company’s Cityscape Global exhibition stand this week.

With superb Bianco Venus marble floors, European designed kitchens and some of the most expansive terraces in the Downtown district, the apartments range in size from 2,852 sq ft to 3,234sq ft and offer the all-round quality and style desired by astute investors and end users.

Uniquely, the 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments include the only two-bed units with maid’s rooms in the entire Downtown district. 

Each home is intelligently designed to offer genuine liveability, meaning more space and easy movement for residents. 

Mada Residences is a one-minute walk from Dubai Mall and within easy reach of other major attractions such as the Dubai Opera and a huge wealth of dining, entertainment, retail, leisure, cultural and other facilities.

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 13168 times
PR Category : Real Estate & Retail
Posted on : Wednesday, September 13, 2017  2:28:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Cerruti 1881 MOLVENO timepiece and cufflinks [18762-Views]
NARSissist Wanted Eyeshadow Palette Get More Views [16281-Views]
NARSissist Wanted Cheek Palettes I & II Raise Your Profile [12944-Views]
The Trendiest Fall/Winter 2018 Accessories From Etoile ‘La Boutique' [10996-Views]
Joyalukkas adds a new destination for jewellery lovers in Al-Balad, Jeddah, KSA [9557-Views]
NARS Erdem SS19 Beauty Report [9250-Views]
Kindle Devices Now Available on SOUQ.com [8368-Views]
Diana Arno Expands Online Shopping to Middle East [7634-Views]
Huawei Consumer Business Group Announces 2018 H1 Business Results [7265-Views]
FOREO To Attend TFWA: the World's Largest Travel Retail Show [6060-Views]
Aseel Al-Hamad tells CNN: Nothing is impossible [5724-Views]
Thomson Reuters Hosts 10th Annual Compliance and Anti-Money Laundering Seminar in Saudi Arabia [5572-Views]
Summer time is family time for people in UAE and KSA [4526-Views]
Gulf Centre for Aviation Studies Hosts Royal Saudi Air Force [4010-Views]
Clean Air in Classrooms Improves Student Performance [3891-Views]
Trend Micro steps forward to help plug IT security skills gap in KSA [3423-Views]
WWE® Crown Jewel Set for November 2 in Saudi Arabia [2604-Views]
Restrictions on Employment of Foreign Nationals in Retail Sector Forthcoming [2595-Views]
Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show [2312-Views]
PIF Announces Fii 2018 Advisory Board [1853-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories