Monday, February 04, 2008

Sale of Al Madar's Scala an Siraj towers, a huge success

Al Madar's Scala and Siraj Towers have brought about robust sales for the company.

Al Madar scala tower dubai
The 18 storey residential complex, Scala Tower, with 182 apartments, located at Business Bay, Dubai, has been completely sold out. On the other hand, the 30 storey residential complex, Siraj Tower, located at Arjan in dubailand, has been 50 percent sold out, revealed the property developer.

"Both the Towers have achieved enormous sales success, which far exceeds out expectations. We believe that this could be the fruitful result of our commitment to deliver on time, top-class properties, that are greatly appreciated by clients and investors. Also, Dubai's increasing reputation of being an attractive investment destination, has also been vital to the success of Al Madar," quoted the Group Managing Director, Haider Mashhadi.

Al Madar already has a range of exciting projects in pipeline for the current year, including Bellagio, an office tower at Liwan in Dubai, Coppet, and commercial facility at Arjan - Dubai, apart from purchase of various leading properties across major locations in Doha, GCC and Dubai. As a part of its expansion plans for the current year, Al Madar has also begun construction of two more office towers and a hotel in Doha, and has purchased a new plot in Lusail, and a comprehensive integrated development in Qatar where a 15-storey building is likely to be constructed by the company.

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