Dubai, May 24, 2007: Al Tajir Real Estate, one of the leading independent property specialists in Dubai, today announced the launch of Fortunato- a self sustained community living for the entire family located centrally at Jumeirah Village-South. The new freehold residential development, boasts a central location offering diverse community living. The construction for the community commences in September 2007 and is expected to be completed by mid 2009.

Announcing the project, Mr Haytham Al Tajir, Chairman, Al Tajir Real Estate said, “By launching Fortunato, our aim is to ensure that we make life comfortable and an enjoyable experience for the entire family. At Al Tajir Real Estate, we ensure that our customer has access to some of the finest residential developments. We are certain that Fortunato will be one such community.”

He further added, “Located strategically at Jumeirah Village-South, Fortunato will provide the convenience of living in the middle of the city, yet secluded enough to enjoy peace and privacy.”

Fortunato will have studio, one bedroom, two bedroom, penthouse, duplexes, garden houses, town houses and loft house options. Each of the options will have fine finishes, careful architecture planning that will ensure that no space is wasted and provides total comfort. Old world charm will be merged with every modern amenity to give every resident a safe neighborhood. The value of the development is estimated to be Dhs 320 million. The average price for the studio is Dhs 295,000;   one bedroom – Dhs 538,538, two bedroom- Dhs 682,722 and town house/4 bedroom -  Dhs 2.2 million.

The Fortunato community will have promenades, neighborhood parks, a country club, medical facilities, health club, dedicated areas for sports like football, tennis courts, cricket pitch and a community centre. The project will be completed in approximately in mid 2009. The total built up area for the project will be approximately 637,686 sq ft. Al Tajir Real Estate has tied up with leading mortgage providers for upto 90% loan options for both commercial and Islamic financing, ADCB being the preferred provider.

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About Al Tajir Real Estate
Al Tajir Real Estate is one of the leading independent property specialists in Dubai.  Incorporated under UAE law and regulated by Dubai Government legislation, the company provides professional consultancy and services for all real estate developments.

Al Tajir Real Estate, with a strong position in Dubai’s finest residential developments, excellent reputation in the local market and enviable relationships with Dubai’s best project developers provides customers access to the ultimate properties in the region. Investors have come to expect a personalized, professional, one-stop service, while those moving to Dubai for the first time are able to take advantage of decades of expertise and unique orientation guidance when they arrive.

Al Tajir Real Estate also supports investors and home-owners through the financing process via its local banking partners. They provide everything needed to take a stake in the most attractive investment and leisure destination in the world. 

For further information, please contact:
Ms. Judith Imets
Magnum Advertising and Event Management
Manager
Tel 971 4 321 9500
Fax 971 4 321 9600
judith@magnumadv.com
www.magnumadv.com

© Press Release 2007