Latest news with #MadarDevelopments
ME Construction
3 days ago
- Business
- ME Construction
Madar Developments unveils tenth edition of Tulip Oasis collection in Majan
Property Madar Developments unveils tenth edition of Tulip Oasis collection in Majan By Tulip Oasis projects are said to have succeeded due to their consistent and location focused approach, driven by demand and in house delivery capabilities Madar Developments has unveiled its latest residential development, Tulip Oasis X Residences, in Majan, Dubai. The 127-unit property has a Gross Development Value (GDV) of US $54.45mn and marks the tenth edition in the Tulip Oasis collection within Madar Developments' portfolio. The developer said it has delivered nine Tulip Oasis residential properties, generating a gross development value of over $272.26mn. Several of these properties were sold out within weeks of their launch. The brand has played an important role in shaping Majan's residential landscape, contributing to a significant 20-30% increase in property values across the district, the firm outlined. Tulip Oasis projects were previously completed in Dubai Silicon Oasis, Al Furjan, and Dubailand. This consistent and location focused approach, driven by demand and backed by in-house delivery capabilities, has been instrumental for the brand. Tulip Oasis X Residences, scheduled for completion by Q2 2026, will deliver personalised style, thoughtfully curated apartments. These units will capture modern luxury with practicality, the developer explained. Madar Developments said the project has been designed for UAE residents and families seeking an active community lifestyle with elegant living experiences, and can choose from 79 one-bedroom and 48 two-bedroom apartments. Each unit has been designed to maximise space, while the interiors blend functionality and comfort. 'This project builds on the success of our previous developments and reflects what Madar Developments is known for trust and reliability, thoughtful design, and homes that balance function with a sense of understated quality. Over the years, our developments have earned the trust of residents and investors alike, and Tulip Oasis X Residences is a testament of our legacy,' says Eliyas Faddul, Director at Madar Developments. Each unit boasts Armani silver tiles, brushed graphite fittings, dark oak wood accents, and slate Pietra countertops. The amenities include a temperature-controlled swimming pool with sunken seating, a sauna, a plunge pool, a fully equipped fitness center, bicycle parking, and entrance lobby. Tulip Oasis X Residences offers views of Dubai's skyline, making it a location for families and professionals alike, the statement concluded.
Zawya
16-06-2025
- Business
- Zawya
Madar Developments to expand Dubai footprint with 3 new housing projects
Madar Developments is preparing to launch three new residential projects in Dubai with an estimated value of 700 million UAE dirhams ($190.61 million), a senior company executive has told Zawya Projects. The company aims to hand over the AED 200 million Tulip Oasis X Residences in Majan, which was launched last month, in the second quarter of 2026, said Director Eliyas Faddul. 'As we manage the construction process in-house, this enables us to bypass public tendering processes. This approach gives us a greater flexibility in controlling timelines, quality, and resources,' he said. Faddul expects Dubai's off-plan real estate market to remain strong and stable through 2025 and 2026, driven by population growth, investor confidence, major infrastructure projects, and continued government support. Interview excerpts: What market factors compelled you to launch Tulip Oasis X Residences in Majan? We identified a clear market opportunity in Majan, an area that had limited high-end residential offerings. The demand for quality living spaces was high, and with our legacy of over 35 years in engineering, construction, and real estate, we saw an opportunity to bring a refined development that sets the benchmark for modern, luxury living in Majan, as it was underserved location and primarily catered to only Emirates cabin crew. We are committed to creating functional yet luxurious spaces, which was a key factor in choosing this location for the project. When do you intend to deliver/hand over the project? We are targeting a handover in the second quarter of 2026, with the possibility of completion scheduled for as early as March 2026. Our track record of delivering projects on time, often ahead of schedule, has been a key part of our reputation. We remain dedicated to offering seamless customer experiences, resulting in greater customer satisfaction. This has supported us in selling out projects within two to three months of the launch, predominantly through word of mouth. What is the tender timeline for the project? As we manage the construction process in-house, this enables us to bypass public tendering processes. This approach gives us greater flexibility in controlling timelines, quality, and resources. By leveraging our expertise in construction, including MEP, glass & aluminium works, and extra-low voltage (ELV) systems, we ensure that Tulip Oasis X Residences will be executed to the highest standards, maintaining full oversight at every stage of the project. When did you acquire the land for the project? Are you now seeing an increase in land prices in Majan? We acquired the land for Tulip Oasis X Residences on 25 July 2022. Since then, we have experienced a significant growth in land values in Majan. With property prices increasing by approximately threefold, there is a growing demand in the area, making Majan an emerging residential hub for families and business professionals. How do you intend to fund the project? We typically fund our projects through a combination of internally retained earnings from completed developments and strategic support from our banking partners. This balanced approach ensures financial stability and timely execution throughout the project lifecycle. Who is the project's architect? What is your project's USP in terms of design? The architect for the project is Proline Engineering Consultants, which whom we have collaborated with for over 15 years. We are closely involved with Proline at every stage — from floor plan layouts to exterior design — ensuring the project reflects our standards, vision, and attention to detail. The project's unique selling proposition lies in its lifestyle-focused design, offering spacious interiors and modern amenities that complement our vision of community-centric living. What will be the sustainable elements of the project? We are incorporating a dynamic range of sustainable features aimed at reducing environmental impact and enhancing energy efficiency. The spacious apartments are equipped with inverter AC units and fresh air handling unit systems, which significantly reduce cooling energy consumption, with energy-efficient built-in appliances. In alignment with DEWA's green initiatives, we are also installing EV charging stations to support the growing shift toward electric mobility. These steps reflect our commitment to sustainability and future-ready living and supporting the UAE Vision 2030 initiatives. Have you seen tender prices rise due to the UAE's booming real estate sector? We serve as our own contractors and do not engage in the traditional bidding process. However, we have observed an overall increase in construction costs across the UAE, driven by the sector's strong performance and rising demand for materials and skilled labour. Our expertise in utilising in-house capabilities for key systems helps us navigate these challenges, ensuring we maintain high standards. What are the biggest challenges you see in the coming years? One of the biggest challenges for any developer is keeping up with the evolving trends in residential design, customer preferences such as changes in layout preferences, unit sizing, and the types of amenities residents expect. We combine focused market research with our decades of experience and valuable customer feedback from both past investors and prospective buyers. Our ability to balance innovation, sustainability, and the needs of the community has supported us in aligning with the evolving market needs and delivering value-driven developments. How much landbank do you own in the UAE? Land investment has always been an integral part of our core strategy and decision-making process. We currently own several plots in Majan and are actively exploring additional land acquisitions across Dubai. How many projects do you plan to launch in 2025 and 2026? Looking ahead, we are set to launch three additional residential developments with a combined estimated value of AED 700 million. This marks a significant milestone in our continued expansion, reinforcing our commitment to delivering high-quality living spaces and strengthening our market presence. These projects reflect Madar's commitment to quality construction, sustainable development, and community-centric living. Are there plans to enter other Emirates and markets in the Middle East? The Dubai real estate sector is booming, and we see tremendous potential to leverage our expertise across the other Emirates. Currently, our focus remains on enhancing our footprint in Dubai. As part of our long-term vision, we aim to bring our value proposition across countries in the Middle East region. What is your outlook on the real estate market in the UAE, particularly Dubai's off-plan market, for 2025 and 2026? Dubai's off-plan real estate market is expected to remain strong and stable through 2025 and 2026, driven by population growth, investor confidence, major infrastructure projects, and continued government support. We believe the market will continue to offer a steady and positive environment for developments and investment in the coming years. (Reporting by P Deol; Editing by Anoop Menon) (
Arabian Business
10-06-2025
- Business
- Arabian Business
Dubai real estate: Madar Developments launches $54.5mn Tulip Oasis X Residences in Majan District
Madar Developments has launched Tulip Oasis X Residences, a 127-unit residential development in Majan, Dubai, with a gross development value of AED 200 million. The UAE-based real estate developer, which has operated in the UAE's real estate sector for 35 years, announced the project as the tenth edition in its Tulip Oasis collection. The company has delivered nine Tulip Oasis residential properties, generating over AED 1 billion in gross development value. Madar unveils Tulip Oasis X Residences Several projects sold out within weeks of launch. The brand has contributed to a 20-30 per cent increase in property values across the Majan district. Previous Tulip Oasis projects were completed in Dubai Silicon Oasis, Al Furjan, and Dubailand. The development follows what the company describes as a location-focused approach driven by demand and supported by in-house delivery capabilities. Tulip Oasis X Residences is scheduled for completion by Q2 2026. The development comprises 79 one-bedroom and 48 two-bedroom apartments designed for UAE residents and families seeking a community lifestyle and living experiences. Each unit has been designed to maximise space whilst offering a modern aesthetic. The interiors feature a natural colour palette and are designed for function and comfort. Apartments include Armani silver tiles, brushed graphite fittings, dark oak wood accents, and slate Pietra countertops. Residents will have access to wellness and leisure amenities, including a temperature-controlled swimming pool with sunken seating, sauna, plunge pool, fitness centre, bicycle parking, and entrance lobby. View this post on Instagram A post shared by Madar Developments (@madardevelopments) The property offers views of Dubai's skyline and is positioned in Majan, which the company describes as one of Dubai's growing neighbourhoods. The location provides access to Dubai Marina, Mall of the Emirates, Dubai Mall, Dubai Hills Mall, Dubai International Airport, and other business, commercial and leisure districts. 'This project builds on the success of our previous developments and reflects what Madar Developments is known for – trust and reliability, thoughtful design, and homes that balance function with a sense of understated quality. Over the years, our developments have earned the trust of residents and investors alike, and Tulip Oasis X Residences is a testament of our legacy,' Eliyas Faddul, Director at Madar Developments said. Buyers and investors will be offered a tailored payment plan, including a 40/60 payment plan.
Zawya
09-06-2025
- Business
- Zawya
Dubai's Madar Development launches $54mln residential project in Majan
Dubai-headquartered Madar Developments has launched Tulip Oasis X Residences, a residential development in Majan with a gross development value of 200 million UAE dirhams ($54.45 million). The 127-unit project is the 10 addition to its Tulip Oasis portfolio, the developer said in a statement on Monday. The company has delivered 9 Tulip Oasis residential properties, generating over AED 1 billion in gross development value. The project, consisting of 79 and 48 one- and two-bedroom apartments, is slated for completion by the second quarter of 2026. Tulip Oasis portfolio projects have been completed in Dubai Silicon Oasis, Al Furjan, and Dubailand. Founded in 1989 in Sharjah, the family-run company's portfolio comprises over 100 properties with a total gross development value of over AED 2 billion. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
09-06-2025
- Business
- Zawya
Madar Developments launches Tulip Oasis X Residences, strengthening its footprint in the UAE residential market
With a Gross Development Value of AED 200 million, Tulip Oasis X Residences marks the 10th Tulip Oasis property under Madar Developments' growing portfolio Dubai, U.A.E – Madar Developments, the UAE-based real estate developer with a 35-year legacy in UAE's real estate sector, has officially launched Tulip Oasis X Residences – its latest residential development in Majan, Dubai. With a Gross Development Value (GDV) of AED 200 million, the 127-unit property marks the 10th edition in the Tulip Oasis collection under Madar Developments' expansive portfolio. Madar Developments has delivered 9 Tulip Oasis residential properties, generating over AED 1 billion in gross development value, with several selling out within weeks of launch. The brand has played a key role in shaping Majan's residential landscape, contributing to a 20–30 per cent increase in property values across the district. Earlier Tulip Oasis projects were completed in Dubai Silicon Oasis, Al Furjan, and Dubailand. This reflects a steady, location-focused approach driven by demand and backed by in-house delivery capabilities. Scheduled for completion by Q2 2026, Tulip Oasis X Residences couples personalized style with luxurious and thoughtfully curated apartments that capture the essence of modern luxury with practicality and value that elevates living experiences beyond the ordinary. UAE residents and families seeking an active community lifestyle with elegant living experiences can choose from 79 one-bedroom and 48 two-bedroom apartments. Each unit has been designed to maximise space while offering an opulent and modern aesthetic. The interiors are designed for both function and comfort, with a natural colour palette that transcends a sophisticated lifestyle, and offers a home where connections are made, and memories created. Tulip Oasis X Residences offers modern elegance and aesthetic appeal in each apartment, featuring Armani silver tiles, brushed graphite fittings, dark oak wood accents, and slate Pietra countertops. Residents also have access to a range of wellness and leisure amenities, including a temperature-controlled swimming pool with sunken seating, sauna, a plunge pool, a fully equipped fitness centre, bicycle parking, and a stylish entrance lobby. Set in one of Dubai's quietly growing neighbourhoods – Majan – the property offers serene views of Dubai's skyline in a calming atmosphere, ideal for families and professionals. Residents can enjoy easy access to Dubai's business, commercial and leisure districts, including Dubai Marina, Mall of the Emirates, Dubai Mall, Dubai Hills Mall, Dubai International Airport, and more. "This project builds on the success of our previous developments and reflects what Madar Developments is known for – trust and reliability, thoughtful design, and homes that balance function with a sense of understated quality. Over the years, our developments have earned the trust of residents and investors alike, and Tulip Oasis X Residences is a testament of our legacy," says Eliyas Faddul, Director at Madar Developments. A tailored payment plan will be offered to buyers and investors, including a 40/60 payment plan. Rising up to meet the demand for luxurious residential apartments, Madar Developments also aims to grow its presence, diversifying its portfolio with new brand launches in the coming months. For more information, visit About Madar Developments: Founded in 1989 in Sharjah, Madar Developments is part of the renowned Al Madar Engineering and has expanded into a fully integrated real estate business, offering a diverse range of services across construction, architecture, MEP systems, and ELV solutions. The homegrown and family-run company includes a total portfolio of over 100 properties and a total gross development value of over AED 2 billion, having delivered over 3,500 units since its inception. Madar Developments maintains full control over project timelines and quality, ensuring residents' reliability at every stage of development and is a trusted loyal developer that brings homes to life in vibrant communities in the UAE. For media inquiries, please contact: Justin Froes at Q Communications Justin.f@
