Fortune Group set to hand over Fortune Executive Tower

The Dubai based real estate developer with a project portfolio of over DHS12bn, today announced that it will be handing over the project to end-users and investors in November, 2009.

The developer also announced that considering the current financial crunch, they have offered flexible payment structure for the investors of the project.

The 35 storey freehold commercial tower located at the exclusive Jumeirah Lake Towers, Fortune Executive Tower is all set to become the corporate address of many reputed international business conglomerates in the Middle East. Fortune Group also announced that it the tower is completely sold out.

Commenting on the handover Mr. Syed Mohammed Ali, CEO, Fortune Group, said:

"Fortune Executive Tower adds a different dimension to Dubai's freehold commercial space. The project for the first time offers duplex offices that are specially tailored to meet the business needs of corporate houses. Its contemporary design, all inclusive infrastructure and state-of-the-art facilities enhance the work and business environment. We are optimistic that the office units, which range in size 800sq ft to 4000 sq ft, will meet the demand of all sections of the business community."

Commenting on the flexible payment structure offered to the investors of Fortune Executive Tower, Mr. Ali said, "Fortune Group is committed to the people who have put their trust in our brand and have committed money to our project. Despite our own financial constraints, we are not only pushing ahead towards completion of Fortune Executive Tower but have also adopted a very flexible approach towards payments. We are offering our investors multiple payment options, depending on individual cases. Our revised payment options have been tailored to reflect the new market reality. Through realistic bench-markings, we intend to alleviate the financial stress for our investors and at the same time help them to retain their properties."

The Fortune Executive Tower would be the group's second project to be successfully completed and handed over to the end-users. The tower will represent next generation office space and will offer investors a lucrative investment option.

The project offers 400,000 sq. ft. of prime office space across 247 office units. Malaysian based IJM Corporation was awarded the construction contract for the Dhs350m project. The unique design, concept and facilities will help corporations provide contemporary and high class office space to professionals to work from, effectively reflecting business ambitions and goals.