Artar Real Estate Development—a subsidiary of Abdulrahman Saad Al Rashid & Sons—has completed 11% of the construction work on the luxury “Mada Residences” tower project in Downtown Dubai, while construction has reached the third floor of the tower’s main block, which comprises 36 floors.

The overall construction of the tower coincides with the closing of the first sales phase for the project, which features 193 luxury apartments of various sizes, in a setting that meets all residents“ needs, including a fitness club with an outdoor rooftop pool and a multipurpose hall, All residential units in the project, located adjacent to the Dubai Mall, feature floor-to-ceiling glass views to ensure excellent lighting, ventilation, and a sense of spaciousness throughout the apartments, which start at 82 square meters.

Suleiman Abdulrahman Al Rashid, CEO of Artar Real Estate Development LLC, said: ”All construction work is proceeding according to schedule and is expected to be completed in approximately 26 months.«

Since sales began, the »Mada Residences” tower project has seen significant interest from investors, which reflects the project’s unique features. Apartments were offered in three initial installments of 30% during the first year, while the final installment of 70% will be paid upon project completion.