M Holding, the property development arm of the Mundia Group, has announced the launch of its UAE 225m "Midas Executive". The developer also revealed that it has signed a strategic agreement with Aspire Real Estate, a full-service real estate sales and marketing company, to manage the sales of the freehold commercial development, which is located in a prime spot within Marmooka City, Ajman.
The 31-storey project, which will consist of a ground floor, six level-parking and 25 floors of state-of-the-art offices, is set to become a business and retail centre in the middle of a self-sustained community development. Designed by award-winning design and architectural firm Eng. Adnan Saffarini Office, each floor will consist of sixteen office units spanning 14,193 sq. ft each, which will have convenient access to conference facilities, WiFi technology, a travel desk, a car rental establishment and a heath club that will house ample relaxation facilities.
Furthermore, the project is set to highlight a convenient payment scheme, which spreads the payment schedule within a five-year interest free plan, which starts at a 2.5 per cent down payment upon booking and 30 days after, 15 quarterly payments of 5 per cent from October 2008 to December 2011, and the remaining 20 per cent after the hand-over within a period of 1 year.
In addition to the Tower’s state-of-the-art office spaces and facilities, Aspire also considers the project’s outstanding location at the frontage of Marmooka City as a valuable unique selling proposition for the project. Set to accommodate more than 200 plots including residential and commercial buildings set among lush gardens and lakes, the city will include a shopping district, five-star hotels, mosques, hospitals and schools.
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