ZT-TAKtical closes its first affordable housing fund

Labeled "Dubai Affordable Housing Fund One, L.P.", the first fund has been mandated to look at the affordable housing sector within the UAE, and did its first round of closing in March 2007. The amount of the fund was not disclosed as it has been financed by an exclusive group of high net worth investors in the United States.

Tariq Khan, Managing Director of TAKtical International, stated "We are very pleased with the strong amount of interest we have received for this fund. The reason to keep the size and number of participants so limited is due to our goal to show audited results on this fund and then use it as a platform to establish a larger fund that will not only have substantially more investment capital but also a larger investor base."

Taseer Badar, CEO of ZT Group of Companies, stated, "When we entered into a partnership with TAKtical International to establish ZT-TAKtical, our goal was to become one of the first institutional Real Estate Advisory firms in the United States focusing on the GCC and specifically on the UAE property market. With the help of this unique fund we will be able to show our clients the opportunities that exist in the region as well as the potential for profitable returns."

ZT-TAKtical is currently researching the focus of its second fund and plans to launch it in late 2007.

ZT-TAKtical, Inc. is a U.S.A based Real Estate Advisory firm that is jointly owned by Dubai based TAKtical International and the Houston based ZT Group of Companies.