Mada Residences is located in Downtown Burj Dubai behind the Address Fountain Views and close to other under-construction projects such as RP Heights, Mon Reve and the Mashreq Bank Headquarters.
This high-rise development was announced in September 2015 and features 1, 2 and 3 bedroom apartments.
Prices for the units are from AED 1,650 sq. ft. - AED 2,200 per sq. ft.
The payment-plan is quite attractive: 10% down, 10% after 6 months and 10% after 12 months of booking. The remaining 70% is payable on completion (scheduled for July 2018).
March 2016: Read our Special Report on the Downtown Dubai Off-Plan Market Q1 2016
Project Completion Status (as per DLD): 76.08% (as of Feb 13, 2018)
Dubai Land Classification & Escrow Account Details:
Land Number: 474
Project Number: 1687
Real Estate Developer: Artar Real Estate Development
Trust Account Number: 3537436404903
Account Trustee Name: EMIRATES ISLAMIC BANK
RERA Permit No : 15128
Brokerage Firm: Taktical Realty Group LLC