UAE Developer Cuts Prices By Up To 30%Wednesday, March 04, 2009
Mada'in Properties said today that it is reducing the price of its properties by as much as 30% due to current market conditions. Existing customers of Mada'in Properties will receive revised contracts with the purchase price of their properties discounted up to 30% and will have their remaining payments rescheduled, the developer said. '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 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,' Abdul Aziz Al Awar, CEO of Mada'in Properties said. Source: AME Info
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