Dubai injected $250 million dollars to real estate sector in Mexico

Dubai injected $250 million dollars to real estate sector

Fortia Real Estate Investment and Maestro Invested Management will develop in Guadalajara and Zapopan, Jalisco, real estate projects with an investment of $250 million dollars, capital shared between Mexican and Dubai businessmen.With 50% of Mexico's capital and 50% Arabic, Heritage Tower was built in Guadalajara, considered the most luxurious in the state and the first building in Mexico with a German certification endorsing application of international standards in quality control of the work. The 25-story tower, with a value of $50 million dollars, is located in the residential complex Puerta de Hierro in the so-called golden zone of the city. It has 23 apartments and a two-level penthouse, which is valuated in $2.5 million dollars. 'Dubai saw a huge potential in Jalisco,' said Marco Antonio Acosta Ortiz, general director of Fortia Real Estate. He said that other factors such as insecurity that is registered in the states of northern Mexico, are forcing many people to leave those states and turn to the golden zone of Guadalajara. He also reported that one week away of having inaugurated the Heritage Tower, the group completed the sale of three apartments between residents of this city and there are three more interested in purchasing a property. NEW PROJECTS Fortia Real Estate and Maestro Investment Management announced later this year, another real estate project in the municipality of Zapopan in which invested $200 million dollars. Through the brand Promociones Citadel, construction of five towers that will house 700 apartments will begin in the next six months, although it will require six years of construction. (El Economista) www.tibesarealty.com.mx www.tibesarealty.com.mx/wordpress/