Fortune Group has announced the completion of 95 per cent of construction work on its Dh170-million Fortune Tower project in Dubai.

The company said development work was well on schedule with handover to customers scheduled for October end 2007 for this project, which was sold out within the first four months of its launch and is the only commercial tower in the UAE with a revolving restaurant.

Describing Fortune Tower as one of the first exclusively freehold commercial projects to be announced in Dubai, Fortune Group CEO Syed Mohammad Ali said:

“Dubai has established itself as a significant business hub in the region by attracting businesses worldwide to its precincts.

'With its completion, this project will meet the ever-increasing demand for commercial space that is being buoyed by the extraordinary growth of the economy in the region.”

He said Fortune Tower, whose construction is being handled by Malaysia-based IJM Corporation, has been strategically located to provide tenants proximity to various business districts including the Dubai Internet and Media city, besides also providing a panoramic view of the Palm Island and Jumeirah Islands and the arterial Sheikh Zayed Road.

Post-fire recovery work on the landmark Fortune Tower began in April and the subcontractors involved in the process have been completing their assignments according to the reworked schedule.

Completion and testing of the 35-storey tower will be carried out by end of September 2007, following which customers will be invited for inspection of the premises and subsequent handover in October 2007.

Furthermore, located amidst the picturesque landscape and waterscape of the Jumeirah Lake Towers development in Dubai, Fortune Tower comprises of 350,000 sq ft of prime office space covering 254 office units amidst a mix of contemporary design elements and modern architecture.

The project offerings also comprise of modern and state-of-the-art facilities that include a dedicated car parking, 24-hour security, computer-controlled ambient temperatures and dedicated high-speed lines for heavy business traffic, besides a ground-floor shopping area and coffee shop.

Besides Fortune Tower, the Fortune Group’s other prominent projects include the world’s tallest commercial development – the Dh4 billion Burj Al Alam (The World Tower) – Fortune Bay, Fortune Avenue, Fortune Pearl, Fortune Bravo, Crystal Tower, Fortune Executive Tower, Fortune Serene, Fortune Pavilion and Casa Marbella (Palm Jebel Ali).

In a short span since its inception, Fortune Group has evolved as one of most dynamic real estate development companies in the UAE’s fast-paced property market.

The Group has around 19 million sq ft of project area under development.

Among the best-known developments in the Fortune Group portfolio is the Dh4 billion world’s tallest commercial tower, Burj Al Alam which is the Group’s most significant project 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. TradeArabia News Service