Monday, August 10, 2009

Work on world's tallest commercial tower makes steady progress

Fortune Group, the leading Dubai-based property developer has revealed that work on the prestigious Burj Al Alam, the world's tallest commercial tower, is going at a steady pace, with the piling work progressing satisfactorily at Dubai's Business Bay.

Speaking about the progress of work, Syed Muhammad Ali, the CEO of Fortune Group said the shoring work is complete, and already 146 of the 513 piles required for foundation of pioneering project have been laid. The piling should be complete by January 2010, and the project is on track for scheduled completion by 2012.

The structure, which is expected to be 510 meters tall on completion, the company has used state-of-the-art structural techniques in shoring and piling, and the best construction practices with about 58,000 cubic meters of concrete, and 5000 tonnes of steel which will require 180,000 man-hours to complete.

Designed by Nikken Sekkei of Japan, Burj Al Alam resembles a crystal flower and is an eye-catching hyperboloid skyscraper that flares out at the top and bottom, and draws inspiration from the Arabian rose and Zen culture.

Comprising 74 storeys of office space, it also includes a high-end 200-room hotel (the highest in the world), and 104 serviced apartments in the top 27 floors, the four-storey retail concept "The Corporate Mall" at the base. The six-storey crown where the petals separate, offers wonderful views of Business Bay to the south, and Burj Dubai super high-rise tower to the north, featuring restaurant, the world's highest sky garden and rooftop spa, viewing deck, Turkish bath, helipad and private club facilities.

About 50 percent of the retail space of the tower in Corporate Mall, and 75 percent of commercial space has already been sold out by Fortune Group.

1 comment:

Anonymous said...

Dear Ladies and Gentlemen!

In 2005 I have made a contract with
Perfect Home Real Estate/Fortune Serene Lim./Fortune Group.

I have paid 75% of the apartmentprice until the end of 2007.

No handover in summer 2008 as contractual scheduled.

Fortune Serene on hold since 02/2009.

Cancellation agreement undersigned
by my lawyer and promised by Fortune Group 04/2009.

Three managers, also "Legal Department"of Fortune Group claimed
on 23.06.2009, on 14.07.2009 and on 17.11.2009, that the cancellation has been submitted to RERA. Only by proof the manager has been admitted on 17.11.2009, that the
cancellation agreement has not been submitted to RERA.

My monies paid in 2005 and 2006 are
spent for project, Fortune Serene/Fortune Group can´t repay.
Therefore the cacellation agreement has not been submitted to RERA.

No handover, no repayment, no other
offer (ready apartment.

Contractually I am entitled to full repayment of my paid monies one year after contractual handover date (cancellation agreement as promised on form).

Can you help please? Do you have a good advice?


Ulrike Fleischmann
Schönbuchstr. 63
D-70565 Stuttgart