Monday, April 27, 2009

Deyaar ready to handover Madison Residency project

Deyaar Development, one of the major property companies in Dubai, will hand over all its completed units of the Madison Residency project on 16th May 2009.

The Madison Residency, comprising 26 storeys, includes 312 residential units, 161 luxury studio apartments, and is the first of seven buildings due to be handed over in 2009.
Deyaar also plans to organize an orientation programme advising all homeowners about handover the process.

This is essential to provide customers with the opportunity to understand the exact documentation procedure for the final handover, and the facilities management contract, said Markus Giebel, the Chief Executive Officer of Deyaar.

Deyaar also revealed that it plans to put few of its real estate projects on hold, reducing prices on select projects and refunding its customers who made partial payments on few of their projects. Few of the projects that have already been put on hold by the company are the Deyaar Park, Deyaar Enclave and Mirar Residences.

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