Dubai's real estate market continues to attract massive foreign investment in 2017
Dubai - Al Mada, in partnership with OMS Real Estate, has launched its new real estate project in the UAE. Roxana Residence is an AED 200,000,000 project that offers 255 new apartments in Jumeirah Village Circle.
The company, which has a portfolio of real estate projects in the KSA, Bahrain, UK, Turkey and the UAE, held a Ceremony at Armani Hotel to outline the project, in the presence of Mohammed Hael Hakimi, Managing Director of Al Mada Real Estate, Mayaz Al Dalal, CEO of OMS Real Estate, senior directors from both companies, as well as representatives of local and regional media.
Roxana Residence features four low-rise interconnected buildings – each one consists of four storeys, with a total area of 8,344 square meters, while the building area is approximately 35,673 square meters. The project offers 95 studios, 116 one bedroom, 28 two bedroom and 16 three bedroom apartments.
Speaking on the occasion, Mohammed Hael Hakimi, Managing Director of Al Mada Real Estate comments: “We are pleased to announce our first project in Dubai and the UAE, which is one of the best real estate markets in the region, well-known for high quality of family life, safety, stability, job creations and a multitude of leisure options which provide residents from all nationalities convenience, luxury and a bright future.”
Hakimi added that Al Mada is expanding its real estate investments in GCC countries, particularly in Dubai, due to the attractive investment environment, stable real estate market and rewarding opportunities in all sectors.
Mayaz Al Dalal, CEO of OMS Real Estate, said that the location of the project was selected following an extensive study of the best and most sought after locations. “Extra attention was paid to ensure the design and finishing will be of the highest standards to meet the needs of residents and give added value to their investment,” Al Dalal added.
The total area of the available apartments is 21,297 square meters; they will be equipped to the highest specifications and finishing. The compound features a spacious swimming pool, gym, health club and 24/7 security services.
Roxana Residence offers a stunning view of the main park in the area and is in close proximity to Sheikh Mohammed bin Zayed Road, Al Khail Road and many shopping malls and schools. The project is scheduled for delivery in the first quarter of 2018.
Mada Group owns a real estate development subsidiary in Turkey that is developing the mega Astrada project in Istanbul. The integrated development is located in Bahcesehir, 20 minutes from the recently opened Third Istanbul Airport and 10 minutes from Istanbul Water Canal.
Astrada consists of 2500 residential and commercial units, retail amenities and leisure facilities on a total area of 350,000 square meters. Construction works commenced in the beginning of the year and completion is expected within 36 months.
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© Press Release 2017
