Fortune Group partners with Badr Al Islami for easy mortgage solutions
Wednesday, April 30, 2008
The Dubai based property developer, Fortune Group, has entered into a partnership with Badr Al Islami, a Shariah-compliant arm of Mashreq, will offer Shariah-compliant mortgage solutions to property buyers for their residential and commercial projects.
Badr Al Islami will offer mortgage solutions for Fortune Serene, Fortune Avenue and Fortune Bay, worth more than $272million in value. It will also manage Trust Accounts for all the three projects.
Fortune Serene is a residential project in International Media Production Zone, while Fortune Bay and Fortune Avenue offers commercial space in Business Bay.
As per the agreement, Badr Al Islami will structure finance options depending on investor requirements for each project. It will provide easy finance solutions of up to 80 percent of project value. Buyers can avail maximum of $3.3mn in residential and commercial property mortgage.
Social BookmarkingBadr Al Islami will offer mortgage solutions for Fortune Serene, Fortune Avenue and Fortune Bay, worth more than $272million in value. It will also manage Trust Accounts for all the three projects.
Fortune Serene is a residential project in International Media Production Zone, while Fortune Bay and Fortune Avenue offers commercial space in Business Bay.
As per the agreement, Badr Al Islami will structure finance options depending on investor requirements for each project. It will provide easy finance solutions of up to 80 percent of project value. Buyers can avail maximum of $3.3mn in residential and commercial property mortgage.
Fortune Tower nearing completion; will be handed over by October
Saturday, August 18, 2007
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.
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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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
Labels: Construction Projects, Fortune, Real Estate Company, Real Estate News
Fortune Group enters its fifth project in Business Bay
Wednesday, August 01, 2007
Fortune Group, the Dubai-based developer has announced that they have begun work on their fifth project in Business Bay, the 'Fortune Pearl Commercial Tower'. The project is worth Dh.400 million, and covers 500,000 square feet of construction space and will have fourteen storeys. The ground-breaking ceremony for the project was done yesterday.
The Fortune Group CEO, Syed Mohammad Ali, said "The launch of Pearl supports our belief regarding the strong potential of revenue from investment in commercial property in Dubai. The project has been initiated at the right time, when the demand for commercial space is rapidly on the rise, on par with the unprecedented growth in the economy and business in the region."
Mohammad Ali mentioned that Business Bay would be the ideal location for the project, due to its close proximity to the new business district of Dubai through the Shaikh Zayed Road.
Fortune pearl has hi-tech office concept featuring modern office amenities coupled with a range of luxury offerings, including state-of-the-art conferencing systems, advanced facilities for communication, comprehensive business support services, broadband internet connections and meetings, swimming pool and other modern amenities.
Mohammad Ali has expressed his confidence in the project and has mentioned that the project will be a new yardstick in world-class commercial office space and will comprise an environment that is favorable for further growth in business. The positioning of the project in Business Bay also contributes to the value of the project.
Designed by AEIB, the soil investigation contract for the project has been handed over to Al Hai and Al Mukkaddam.
The project is scheduled for completion by 2009.
Social BookmarkingThe Fortune Group CEO, Syed Mohammad Ali, said "The launch of Pearl supports our belief regarding the strong potential of revenue from investment in commercial property in Dubai. The project has been initiated at the right time, when the demand for commercial space is rapidly on the rise, on par with the unprecedented growth in the economy and business in the region."
Mohammad Ali mentioned that Business Bay would be the ideal location for the project, due to its close proximity to the new business district of Dubai through the Shaikh Zayed Road.
Fortune pearl has hi-tech office concept featuring modern office amenities coupled with a range of luxury offerings, including state-of-the-art conferencing systems, advanced facilities for communication, comprehensive business support services, broadband internet connections and meetings, swimming pool and other modern amenities.
Mohammad Ali has expressed his confidence in the project and has mentioned that the project will be a new yardstick in world-class commercial office space and will comprise an environment that is favorable for further growth in business. The positioning of the project in Business Bay also contributes to the value of the project.
Designed by AEIB, the soil investigation contract for the project has been handed over to Al Hai and Al Mukkaddam.
The project is scheduled for completion by 2009.
Labels: Business Bay, Business Tower, Fortune, Office Space, Real Estate Company
Fortune Avenue - Business Tower from Fortune Group
Saturday, June 02, 2007
The Dubai-based Fortune Group has launched Fortune Avenue, a Dh.300 million commercial tower at Business Bay. Fortune is already working on the Burj Al Alam in Dubai which consists of 108 storeys. Fortune Avenue is the fourth development of the company at Dubai.
The nineteen storey Fortune Avenue, is ideally located among a multitude of major blue chip corporations and international corporations within the emerging business district, Business bay.
Fortune Avenue, which spreads over an area of 300,000 Sq. Ft., features exclusive space, and fresh corporate styles that caters to business leaders. The tower also has a lovely waterfront retails area on the ground with a restaurant and coffee chop.
The main features of this project is the world-class technology that meets the growing sophistication demands of today’s business market, and the architectural design, which derives inspiration from two perched falcons, the birds native to the UAE.
The Hilltop Real Estate, a Dubai based company is likely to represent the Fortune Group as their major channel partners for Fortune Avenue in the North America.
Social BookmarkingThe nineteen storey Fortune Avenue, is ideally located among a multitude of major blue chip corporations and international corporations within the emerging business district, Business bay.
Fortune Avenue, which spreads over an area of 300,000 Sq. Ft., features exclusive space, and fresh corporate styles that caters to business leaders. The tower also has a lovely waterfront retails area on the ground with a restaurant and coffee chop.
The main features of this project is the world-class technology that meets the growing sophistication demands of today’s business market, and the architectural design, which derives inspiration from two perched falcons, the birds native to the UAE.
The Hilltop Real Estate, a Dubai based company is likely to represent the Fortune Group as their major channel partners for Fortune Avenue in the North America.
Labels: Business Bay, Business Tower, Fortune, Real Estate Projects
Fortune Avenue - Business Tower from Fortune Group
The Dubai-based Fortune Group has launched Fortune Avenue, a Dh.300 million commercial tower at Business Bay. Fortune is already working on the Burj Al Alam in Dubai which consists of 108 storeys. Fortune Avenue is the fourth development of the company at Dubai.
The nineteen storey Fortune Avenue, is ideally located among a multitude of major blue chip corporations and international corporations within the emerging business district, Business bay.
Fortune Avenue, which spreads over an area of 300,000 Sq. Ft., features exclusive space, and fresh corporate styles that caters to business leaders. The tower also has a lovely waterfront retails area on the ground with a restaurant and coffee chop.
The main features of this project is the world-class technology that meets the growing sophistication demands of today’s business market, and the architectural design, which derives inspiration from two perched falcons, the birds native to the UAE.
The Hilltop Real Estate, a Dubai based company is likely to represent the Fortune Group as their major channel partners for Fortune Avenue in the North America.
Social BookmarkingThe nineteen storey Fortune Avenue, is ideally located among a multitude of major blue chip corporations and international corporations within the emerging business district, Business bay.
Fortune Avenue, which spreads over an area of 300,000 Sq. Ft., features exclusive space, and fresh corporate styles that caters to business leaders. The tower also has a lovely waterfront retails area on the ground with a restaurant and coffee chop.
The main features of this project is the world-class technology that meets the growing sophistication demands of today’s business market, and the architectural design, which derives inspiration from two perched falcons, the birds native to the UAE.
The Hilltop Real Estate, a Dubai based company is likely to represent the Fortune Group as their major channel partners for Fortune Avenue in the North America.
Labels: Business Bay, Business Tower, Fortune, Real Estate Projects
