Mina Al Fajer opens doors to regional investors

Mina Al Fajer is riding high on the continued success of its first venture into the property market - the Dhs800m resort development boasts a superb sea-front community that will include a marina, 48 mountain villas, 13 solarium villas, and 80 marina apartments, in addition to a 200-room five-star hotel that will be managed by the Fairmont Hotels and Resorts.

Mr. Abdulrahman Al Awar, Managing Director, Mina Al Fajer Real Estate LLC & Director of Development and Investment in the private office of His Highness Dr. Sheikh Sultan bin Khalifa bin Zayed Al Nahyan said:

'The Qatar real estate and investment exhibition gathers investors and other key decision makers from all over the region. On the one hand, this a great opportunity for our company to benchmark our current and planned projects with existing best practices as well as emerging trends. On the other hand, we're excited to introduce Mina Al Fajer resort to prospective investors from Qatar and elsewhere in the region, as a showpiece of what we can do, and the potential Fujeirah holds as the region's most promising real estate and tourism hotspot.'

Al Awar mentioned that the remaining units that are still available before the 10-20% price increase after the exhibition for investors include the two- to three-bedroom apartment units, and the three- to four-bedroom villas. He also reported that 100% excavation works have been completed for the hotel and land reclamation of the Marina apartments with 80% of the construction work on their world-class marina also completed. 'As of this time, we have completed 80% of the construction work for our marina which is already 4 month ahead of schedule and with levels of platforms for the mountain villas 100% completed the whole project is well ahead of schedule however , we achieve this while maintaining the most stringent quality standards,' Concluded Al Awar.

With nature providing a dramatic backdrop to an upscale and exclusive resort, Mina Al Fajer promises contemporary, luxurious living experience. It is on track for completion by end of 2009.