Mada'in Properties announces new pricing policy for all its customers

With the announcement, existing customers of Mada'in Properties will receive revised contracts with a reduction of approximately 30% of the total purchase price and will have their remaining payments rescheduled. This revision will give customers a reduction on the original principle cost.

Abdul Aziz Al Awar, Chief Executive Officer, Mada'in Properties commented, "We have studied the market conditions and have formulated a strategy that deals with the past, the present and the future. Bearing this in mind, we have made the decision to assist our valued customers in their investments, not only in good times, but also in the current market conditions. The construction costs have been reduced significantly allowing us to pass on the savings to our current customers. .At Mada'in we always work on a win win stratergy for our customers. This will give our customers a base for them to make a capital gain when the market returns."

Over 80% of Mada'in's customers have committed to their investment and will continue their payments until the completion of the project.

"This overwhelming customer response to our projects and new pricing policy highlights the competitive cost structure, which creates great value for new and existing customers," added Al Awar.

Mada'in Properties is confident that it is making positive progress despite the current market slump. "Innovation in concept, design, execution and competitive pricing has been the driving forces behind all Mada'in's projects, offering investors and home-seekers a distinguished address and an exclusive lifestyle. This unique selling proposition has attracted property investors globally as well as regionally," concluded Al Awar.

The company's flagship project in the Dubai Marina is already underway and promises to be the last word in luxury, elegance and sophistication.