Tag Archives: ARTAR Real Estate Development.

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 Yesterday.

Continue reading SAUDI INVESTORS TO KEEP FAITH IN DUBAI REAL ESTATE – DEVELOPER

ARTAR WINS BEST REAL ESTATE DEVELOPER AT RESTATEX

 

ARTAR WINS BEST REAL ESTATE DEVELOPER AT RESTATEX

Prominent Saudi developer honoured for 50 years of construction excellence at Riyadh property show

Riyadh, Saudi Arabia, 27 April 2017: ARTAR Real Estate Development has been awarded the Best Real Estate Developer at Restatex, the Riyadh Real Estate and Urban Development Exhibition.

Sulaiman Abdulrahman Al Rashid, Chief Executive Officer of ARTAR, picked up the award on behalf of the company at the awards ceremony held during the four day real estate exhibition, which concluded on 26 April at the Riyadh International Convention and Exhibition Centre.

ARTAR played a prominent role in the event, bringing their Mada Residences project to virtual reality for the thousands of visitors to their stand, so that they could truly experience the quality of build and greater liveability offering in a prime Downtown Dubai location.

“Our presence at Restatex has been very positive and we have generated a number of sales leads from Saudi investors interested in purchasing units in Mada Residences, our first UAE project,” said Sulaiman Abdulrahman Al Rashid, CEO of ARTAR. “Receiving this award is a great way to close a very successful week and I thank the organisers of the event for the honour and congratulate them on creating such a prominent platform for the region’s real estate industry.”

Liveability, which describes open-plan homes designed to maximise space and comfort for residents, is the central theme for the 36-storey high rise tower at the heart of Downtown Dubai.

Located within a minute’s walk of The Dubai Mall, the world’s biggest shopping destination, Mada Residences offers 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments, with a big emphasis on quality throughout.

Visitors to the ARTAR exhibition stand at Restatex took virtual reality tours of the Mada Residences apartments by slipping on headsets connected to a mobile app which allowed them to get a real feel for the apartments, their layouts and the space in each unit.

ARTAR is the real estate development arm of Abdul Rahman Saad Al-Rashid & Sons, the Riyadh-based group with over 50 years of regional experience in delivering high end projects on schedule.

INDIAN INVESTORS TO KEEP FAITH IN DUBAI REAL ESTATE – DEVELOPER

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INDIAN 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, 20 February 2017: Indian investors will continue to put their faith in Dubai real estate in 2017 because the emirate’s property market has a proven reputation for delivering long-term benefits, a developer says.

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 India and the GCC countries.

The Dubai Land Department has reported that out of almost AED 44 billion in foreign investment in Dubai real estate last year, Indian nationals led the way both in terms of volume and value, with 6,263 investors making AED 12 billion worth of property transactions.

“Dubai has very strong links, traditionally, with India, and the Indian market will remain a very important one for Dubai real estate this year and beyond,” said Abdulkarim, currently overseeing ARTAR’s Mada Residences tower in Downtown Dubai.

“Indian investors know, like and trust Dubai to deliver and, like investors from across the Arab world and beyond, will be encouraged by the major developments taking place in Dubai which will help drive the economy.”

The Dubai real estate market has made a strong start to 2017, with the Dubai Land Department confirming transactions worth AED30 Billion for the month of January.

Added Abdulkarim: “Dubai has built protection from negative economic effects by creating an infrastructure for business, investment and living, and by promoting all this to a worldwide audience over the last 20 years or more.

“It is seen as a safe haven for investment, particularly in real estate, and while events over the last couple of years have affected confidence, Dubai is still regarded as a city where residential property provides long-term financial security.”

ARTAR says the biggest real investment will continue from 2016 in prime locations like Downtown Dubai, where Mada Residences will be completed on schedule by Q2 2018 close to the world’s tallest building, the Burj Khalifa.

“More and more investors these days are focused on recreation and prefer locations which allow people to walk rather than having to drive everywhere and find parking,” says Abdulkarim. “Areas like Downtown are the most popular because there are so many attractions close at hand, and Dubai’s weather is perfect for walking seven months of the year.”

With 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments, Mada Residences is a one-minute walk from the new Dubai Mall extension and within easy reach of other major attractions such as the Dubai Opera.

DUBAI STILL BIG ATTRACTION FOR GCC INVESTORS, SAYS DEVELOPER

DUBAI STILL BIG ATTRACTION FOR GCC INVESTORS, SAYS DEVELOPER

ARTAR COO says city retains reputation for long-term financial security; points to healthy stabilisation leading to strong growth in countdown to Expo 2020

Dubai, UAE, 18 January 2017: GCC investors have not let regional economic concerns undermine their interest in Dubai residential property which is still seen as providing long-term financial security, says a Saudi Arabian developer establishing itself in the UAE property market.

ARTAR Real Estate Development says the Dubai market is experiencing a period of healthy stabilisation paving the way for strong growth in the build-up to Expo 2020.

And the company believes that prime locations such as Dubai’s Downtown district, where it’s Mada Residences tower is located, are particularly attractive for Saudi and other GCC investors who want the best of both traditional and multicultural worlds.

“Dubai remains an appealing investment destination for regional investors due to its central location, shared religious and cultural values and cosmopolitan lifestyle, world-class infrastructure and a broad range of facilities for businesses and tourists,” said ARTAR COO, Eng Okbah Abdulkarim.

“Prime location projects such as ours position investors strategically for long-term growth. Current selling prices are close to construction costs and I can’t think of a better time to buy. You get great value for money right now.”

Added Abdulkarim: “We have not experienced reduced enquiries due to oil prices as our property, unlike others in Downtown, appeals to a wide range of end users and investors. We are not reliant on the type of buyers affected by the drop in oil revenue

“In fact the current situation in Saudi is a great motivator to invest in Dubai due to a more diversified economy, large mega projects and events such as Expo 2020 Dubai which are driving the economy forward.”

Abdulkarim, who answered questions from investors and media during a Mada Residences live tweeting session on Tuesday (17 January), believes that 2017 will be a year of consolidation leading to a surge in property investment next year.

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“We’re in the middle of a healthy stabilization phase which I feel will lead to steady and mature market type growth rates leading up to 2020,” he said. “We feel that in early 2018 Downtown in particular will see strong demand from the usual GCC investors as we approach the reality of Expo 2020.”

Backed by 50 years of regional experience, ARTAR picked its Mada Residences location seeing Dubai’s Downtown district as one of the world’s prime central city locations for investment and living.

“We’re a one minute walk to The Dubai Mall Extension, two minutes from Business Bay Marina, the Yacht Club, Promenade and an RTA Water Taxi Station. It is genuinely hard to think of a city with such a huge wealth of dining, entertainment, retail, leisure, cultural and other facilities in one location,” he said.

With the majority of apartments sold and ARTAR pledging that Mada Residences will be completed on time in Q2, 2018, a topping out ceremony will take place next month.

“Due to the overwhelming success of our first project we’re considering a second to be announced in the near future,” said Abdulkarim. “We’re looking to cement our position as one of the best boutique developers in Dubai.”

Caption: ARTAR Real Estate Development COO, Eng Okbah Abdulkarim.

About ARTAR Real Estate Development
A prominent name in the Kingdom of Saudi Arabia, ARTAR is the real estate development arm of Abdul Rahman Saad Al-Rashid & Sons Co. A group with over 50 years of regional construction excellence, they are classified as an ‘A’ Class contactor by the Contractor’s Classification Agency. ARTAR Real Estate Development is committed to providing exceptional quality and workmanship focused on well-crafted liveability.
About Mada Residences
Taking the concept of Liveability to actual living breathing spaces, Mada Residences are a selection of 1, 2, 3 and 4-Bedroom apartments located in Downtown Dubai. Each apartment has been crafted with family-centric liveability for those who love their spacious spaces. With floor to ceiling glass, balconies in every apartment and well thought-out amenities designed in a way that elevates the usability of space and achieves enduring value. The intelligent use of space becomes evident from the moment you enter the reception, all the way to the apartments, where every bedroom comes with an en suite bathroom. Spacious walk-in closets and balconies are core features and benefits resulting from adhering to the concept of Liveability. Mada Residences bring individuals and families the finest that comfort has to offer.

BIGGER, SMARTER HOMES GIVING BETTER VALUE FOR MONEY THE KEY TO STAND OUT IN UAE MARKET, SAYS DEVELOPER

BIGGER, SMARTER HOMES GIVING BETTER VALUE FOR MONEY THE KEY TO STAND OUT IN UAE MARKET,  SAYS DEVELOPER

ARTAR COO says astute investors, end users want

permanent benefits not eye-catching incentives

 

Dubai, UAE, 18 December 2016: Bigger, smarter, intelligently designed and offering more for the buyer’s money – these are factors that one developer says will be needed to sell residential property in an increasingly demanding UAE market.

With property experts predicting an upward trend in late 2017,the onus is on developers to make their projects stand out with genuine permanent benefits rather than eye-catching promotional incentives.

“We’ve all seen the offers of expensive luxury cars, golf memberships and exotic holidays rolled out to entice buyers, but investors and end users alike are a lot more astute these days and look much more carefully at what they are getting for their money,” saidOkbah Abdulkarim, Chief Operating Officer of ARTAR Real Estate Development.

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“They are far more interested in the design and spaciousness of an apartment, the quality of fittings and materials throughout and how all this adds up to making living there a better experience.”

 

Abdulkarim says ARTAR’s Mada Residences tower in Downtown Dubai, which will completed on schedule by Q2 2018, is attracting buyers for this reason, but that the company is already looking to raise its standards for future projects in the UAE.

 

“Our two-bedroom apartments are unique for Downtown in that they come with a maid’s room,” he said. “They are also a good deal more spacious than the average for the area, starting at

1600 sq ft.”

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

 

“We’re also doing research to find the best solution to ensure those who live there can tap in to the huge range of attractions found in the Downtown area.

 

“This is the basic standard that we’re setting for ourselves in the UAE, but we’re already looking to improve in many areas with future projects because the trend for buyers to demand more for their money is already set.”

 

With 193 larger than average 1, 2, 3 and 4 bedroom luxury apartments, Mada Residences is a one-minute walk from Dubai Mall and within easy reach of other major attractions such as the Dubai Opera.ARTAR believes the 30-70 payment plan offered is also the shape of things to come as more developers allow buyers to pay the bulk of the purchase price after completion.

About ARTAR Real Estate Development

A prominent name in the Kingdom of Saudi Arabia, ARTAR is the real estate development arm of Abdul Rahman Saad Al-Rashid & Sons Co. A group with over 50 years of regional construction excellence, they are classified as an ‘A’ Class contactor by the Contractor’s Classification Agency.ARTAR Real Estate Development is committed to providing exceptional quality and workmanship focused on well-crafted liveability.

 

About Mada Residences

Taking the concept of Liveability to actual living breathing spaces, Mada Residences are a selection of 1, 2, 3 and 4-Bedroom apartments located in Downtown Dubai.Each apartment has been crafted with family-centric liveability for those who love their spacious spaces. With floor to ceiling glass, balconies in every apartment and well thought-out amenities designed in a way that elevates the usability of space and achieves enduring value.The intelligent use of space becomes evident from the moment you enter the reception, all the way to the apartments, where every bedroom comes with an en suite bathroom. Spacious walk-in closets and balconies are core features and benefits resulting from adhering to the concept of Liveability. Mada Residences bring individuals and families the finest that comfort has to offer.