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Al Madar announces foray into booming UAE market

- October 28, 2006, 10:57 pm

Al Madar Property Investments, a leading property developer in the GCC which is part of the Al Madar Group, has announced its foray into the fast-growing UAE property market with a string of residential and commercial projects.

The property developer will invest several billion dirhams in seven major projects in Business Bay in Dubai and GCC.

Al Madar Property Investments has emerged as one of the foremost names in the GCC property sector, with an array of prestigious projects in major locations across the region. By launching a series of high-profile projects in the UAE, Al Madar is looking to capture a sizeable share of the country’s booming property market and reinforce its regional standing.

Engineer Ali Abdul Reda Al Mashhadi, CEO of Al Madar Property Investment, said, ‘We believe this is the ideal time to make our entry into the UAE, which is experiencing a property boom of unprecedented scale. There is now a growing demand for high-quality residential and commercial developments that combine luxury and comfort with utility and convenience, especially in Dubai. Through our projects located at Business Bay, we aim to cater to this demand and tap into the country’s rapidly expanding property market.’

‘Our projects will all boast the same superior construction quality and world-class facilities that have made Al Madar a name to reckon with in the regional property scene. By committing significant long-term investments, we demonstrate our confidence in the future of the UAE property market,’ Al Mashhadi added.

Al Madar Group was founded in 1992 as a company specialized in the design and construction of civil and industrial projects as well as infrastructure and marine development works. Al Madar has since grown to become one of the premier business houses in the Gulf and has today a presence in several business and industrial sectors, including real estate, contracting, engineering, manufacturing and trading.

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