One of the prime real estate developers Triveni Trading Group has selected Harbor Real Estate as an intermediary service provider for promotional and marketing services to market its project named La Fontana Di Trevi. La Fontana Di Trevi is a residential project which has 126 modern styled apartments. The project which has already been 60% sold but the company has been hired to sell the remaining 40% of the project as well. This is not a typical tall structure like the other modern buildings built in Dubai these days. It is in fact a low rise building with just six floors. Each floor has 3 studio apartments, 12 one bed units, and 6 units of two beds each. Earlier the managing director of Harbor Real Estate showed enthusiasm on being involved in the process of finding new buyers for the project saying, “We are delighted to be a part of this unique project. Our keen experienced Sales and

Marketing team, will promote the premium yet affordable residential apartments to key private and institutional investors and owner-occupiers”. The residential building has been named after an Italian monument called La Fontana Di Trevi. Although the apartments are targeted at the high end customers, they are made to compete the already prevailing market prices of similar properties in the market. One of the salient features of the project is the financing facility being offered by two banks HSBC, and Mashreq. After the financial crunch in and outside Dubai, it has become a rare thing for the banks to back a project through consumer financing. This backing up of the banks not only shows their confidence in Dubai’s future but also generates an extremely positive signal for all of those wishing to invest in the Dubai real estate. This will not only fuel more demand oriented growth but also help sell more projects lying vacant in many parts of Dubai and UAE.

The residential projects have all the major amenities that complete a locality like La Fontana Di Trevi. The projects completion is expected in the last quarter of FYE 2010 however half of the project has already been complete. All the indicators in this real estate deal show positive signs for the real estate of Dubai and are also likely to boost the confidence of foreign investors interested in Dubai real estate investment opportunities.