Madar Developments is set to launch three new residential projects in Dubai, with a total value of AED 700 million (around $190 million), according to senior company official Eliyas Faddul.
One of these projects is Tulip Oasis X Residences in Majan, which was launched last month. The company plans to complete and hand over this AED 200 million development by Q2 2026.
Faddul explained that managing the construction process in-house allows the company to skip public tendering. This gives Madar more control over timelines, quality, and resources.
He also said that Dubai’s off-plan property market is expected to stay strong through 2025 and 2026 due to population growth, investor confidence, large infrastructure projects, and ongoing government support.
Why Majan?
Faddul said Majan lacked high-end residential options, making it a good location for Tulip Oasis X Residences. He added that the area mainly served Emirates airline staff in the past and was underserved in terms of luxury housing. With over 35 years of experience in engineering and construction, Madar saw an opportunity to offer modern, high-quality homes in this area.
Project Handover Timeline
Madar aims to complete the project by March 2026, ahead of the official handover target in Q2 2026. Faddul noted the company’s strong track record of on-time and early deliveries, with many units sold within 2–3 months of launch, mostly through word of mouth.
In-House Construction
Since Madar handles construction itself, it doesn’t need to follow traditional bidding processes. This gives the company better control over the project timeline, material quality, and costs. The team also uses in-house expertise in MEP, glass and aluminium work, and ELV systems to maintain high standards.
Land and Market Trends
Madar bought the land for the project in July 2022. Since then, land prices in Majan have increased significantly—up to three times—as demand in the area continues to rise.
Project Financing
Madar funds its developments using profits from previous projects and support from banking partners, ensuring financial stability and smooth execution.
Design and Architecture
The project’s architect is Proline Engineering Consultants, a long-term partner of Madar. Faddul said the company is involved in every design detail, from floor plans to building exteriors.
The focus is on spacious, lifestyle-driven homes with modern features, creating a sense of community and comfort.
Sustainability Features
Tulip Oasis X Residences will include several sustainable features, such as energy-efficient appliances, inverter ACs, and fresh air systems to reduce energy use. The project will also include EV charging stations, in line with DEWA’s green initiatives and UAE Vision 2030.
Market Outlook & Construction Costs
While Madar doesn’t participate in public tenders, Faddul noted a general increase in construction costs across the UAE due to rising demand and material prices. However, the company’s in-house operations help reduce these impacts.
Key Challenges Ahead
Faddul said one of the main challenges in the coming years is keeping up with changing customer preferences, including new layouts, unit sizes, and amenity demands. Madar uses market research and customer feedback to stay updated and continue offering relevant and well-designed homes.
Land Bank and Future Plans
Madar owns multiple plots in Majan and is looking to expand its land bank across Dubai. The company plans to launch three more residential projects in 2025 and 2026, continuing its growth and focus on quality, sustainability, and community-focused living.
Expansion Beyond Dubai
While the main focus remains on Dubai for now, Madar is open to expanding into other Emirates and Middle Eastern markets in the future. The company believes its strong track record and construction experience can add value in other regions.
Real Estate Market Outlook
Faddul expects Dubai’s off-plan property market to remain stable and growing through 2025 and 2026, supported by ongoing development, investor interest, and a strong regulatory environment.
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