Leading Dubai-based Real Estate Development Company, Fortune Group, today announced that their first project, Fortune Tower – a freehold commercial tower located at the exclusive Jumeirah Lake Towers is nearing completion and will be delivered to investors by the end of this year. This project had been sold out in the first four months of its launch and senior company officials indicated that the same has attracted a premium of over 150 percent.
Located at Jumeirah Lake Towers, the 35 storey, AED 170 million landmark project offers 450,000 sq. ft. of prime office space across 254 office units. As of date, the construction of 32 floors has been completed and interior work has commenced. Malaysian based IJM Corporation has been entrusted with the construction of this prestigious project. Upon completion, Fortune Tower will be the only commercial tower in the UAE to house a revolving restaurant.
Commenting on this development, Mr. Ahmed Khoory, Chairman - Fortune Group said, “Fortune Tower was one of the first exclusive freehold commercial projects in Dubai. Being our first project, we have painstakingly looked at every minute detail at all stages. We are happy with the way this project has shaped up as well as the pace of construction and look forward to hand over the tower for occupancy by the end of this year.” Adding further Mr. Khoory said, “Dubai has gained significance as a global business hub and Fortune Tower was conceived exclusively to meet the growing demand for office facilities that emanated out of this fact.. We have ensured that we provide all the infrastructure and facilities to this project needed to enhance work environment and business operations for all our investors. With office units ranging in size from 770 to 5,130 square feet, Fortune Tower will meet the demand of all sections of business.”
Located at Jumeirah Lake Towers - a unique master development with a fine balance of landscape and waterscape, Fortune Tower is strategically placed with panoramic views of Palm Island, Jumeirah Islands and the arterial Sheikh Zayed Road.
Elaborating on the facilities of the Tower, Mr. Syed Mohammad Ali, CEO – Fortune Group said, “The tower will be equipped with all state-of-the-art facilities, combining contemporary design elements with modern architecture, thus providing users with all possible amenities including dedicated car parking, 24-hour security, computer-controlled ambient temperatures for maximum comfort and dedicated high-speed lines for heavy business traffic.”
“Apart from its myriad business facilities, Fortune Tower will be topped by a revolving restaurant for an improved quality of working life. All these state-of-the-art services will be managed for maximum efficiency by a reputed facilities management company with international experience in this specialized field.” Mr. Syed Mohammed Ali added.
Fortune Group’s current investments in Dubai real estate is valued at over AED 6.3 billion across seven exclusive commercial and residential freehold projects. An integral part of Dubai’s freehold market, the Fortune Group has developed the most innovative residential and commercial spaces in the Emirate. Burj Al Alam, the world’s tallest commercial tower is the Group’s most recent and significant project development coming up at Business Bay. Other group projects are located at Jumeirah Lake Towers, Palm - Jebel Ali, Dubai Sports City and International Media Production Zone.
