Fortune Group, a Dubai-based property developer, has tied up with Badr Al Islami to offer Shariah-compliant mortagage solutions to property buyers for its residential and commercial projects.

Being the Shariah-compliant arm of Mashreq, Badr Al Islami will be offering mortgage solutions for Fortune Avenue, Fortune Serene and Fortune Bay,  worth over $272 million in sales value.

Badr Al Islami will also mange the trust accounts for the three projects. While Fortune Serene is a residential project in International Media Production Zone, Fortune Bay and Fortune Avenue offer commercial space in Business Bay.

As per the agreement, Badr Al Islami will structure finance options based on the investor requirements for the project. It will offers easy finance solutions of up to 80 per cent finance of the project value. Investors and buyers can avail a maximum of $3.3 million in home and commercial property mortgage.