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Dubai real estate firm initiates sale of commercial space in Burj Al Alam |
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5/19/2006 10:39:39 AM |
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 Fortune Group, a leading real estate firm in Dubai has commenced the sale of freehold commercial space in its recently launched Dh4 billion Burj Al Alam – the tallest commercial tower in the world. The units are in evenly distributed clusters totalling over 1 million sq. ft. and will be made available across the first 74 floors of the 108- storey tower. The base price of commercial space has been fixed at Dh1,350 per sq. ft.
The top 27 floors will be allotted to hotels and service apartments, while the rest of the space will be utilised by retail developments within the tower. “Since the announcement of and launch, Burj Al Alam has received tremendous response from investors across the GCC and other markets. However, it is only after thorough planning and evaluation that we decided to open sales to this prestigious tower. We believe that the competitive pricing packages will be well received by investors and end users alike,” stated Syed Mohammad Ali, CEO, Fortune Group. The properties with Burj Al Alam are expected to draw substantial premium in the near future.
Set to reflect Dubai’s growing eminence in the world of business, Burj Al Alam will also house the world highest hotel. Fortune Group has tied up with reputed financier Amlak to offer mortgage up to 90 percent to investors – both UAE national and non-nationals.
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