How can I raise funding for a real state project I want to start?

Prepare a non financial teaser and summary business plan outlining the idea, the location and the owners/promoters/sponsors of the project.

Irrespective of IRRs, no one would invest in a location, a product or with people that he does not feel comfortable with.

After narrowing down your candidate investors, convince them that your team, your story or your development asset is better than the competing ones (more experienced team, better priced, better located) so as to diminish the risks.

Throw your numbers, excels, profitability measures and attractive IRRs NPVs in the end

This is a very hard thing to do in the middle east, but the normal ways (if you acquired the land) would be the banks or start marketing the project before you start just on the plan and get a 20% deposit and over 3 months installments to keep your cash flow coming.If you don't have the land it will be a bit hard because there is no normal way for funding new projects a such.You would rely on your network and offer a share in the new project but you have to work very fast and have a land ready as the project main stone once you acquire enough funding you start at once.there is other ways thought but not very effective 

The first thing that you need to consider for your prospect investors is the cost of the investment, how much is the rate of return for this investment, you need to consider your target market, is it middle or high class market, then you need to consider your location, is it easily accessible to public and does it have other amenities aside from the structure that you want to build, also consider your marketing mix, what kind of business ventures your structure will have is it purely commercial or residential or a combination of both. :)