Saturday, August 18, 2007

Fortune Tower nearing completion; will be handed over by October

The construction work on the Fortune Tower development located at Shaikh Zayed Road in Dubai, is finally nearing completion, after a deadly blaze in the tower, which involved the death of two, and injury of dozens of workers.

Fortune Tower
The Fortune Group, the Dubai-based developer recently announced that the construction work on the Dh.170million project at the Jumeirah Lake Towers is 95 percent complete, and is ready to be handed over towards end of October.

On January 18th, fire broke out on the upper storeys of the 34storey building, which left two workers dead, and forty others with injuries. An investigation on the cause of the blaze revealed that, a burning welding material lighted-up the wooden parts of an area of scaffolding.

A representative of the Fortune Group said that the building suffered no structural damage, and the work resumed within a couple of months. Completion and testing of the tower with 35 storeys will be conducted by next month end, after which, the customers will be allowed to inspect he premises, and the handover will be done in October.

The Fortune Group mentioned that the project was sold within four months of its launch. The Chief Executive of the Fortune Group, Syed Mohammad Ali said that the project will meet the increasing demand for commercial space that is maintained by the economic growth in the region.

The construction works is being managed by IJM Corporation, based in Malaysia. On completion, the tower will have a total office space of 350,000 with a total of 254 office units.

The Fortune Pearl, Fortune Bravo, Fortune Bay, Fortune Avenue, Fortune Executive Tower, Crustal Tower, Casa Marbella, Fortune Pavilion, and Fortune Serene are the other projects of the Fortune Group

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