Tower of the World, fortune investment group, limited, ltd, llc, world's highest hotel, 101 storeys, dazzing crystal flower, resemble, world's tallest commercial structure.
The Burj al Alam (World Tower in English) is a planned 108 storey, 480m skyscraper in the Business Bay area of Dubai, UAE designed to resemble a crystal flower. It is to become one of the world's tallest buildings, only 28 metres below the current tallest, Taipei 101. The tower is to be built by the Fortune Group which also have a number of other projects in Dubai such as the Fortune Bay and Fortune Tower.
It will contain 74 floors of office space, a retail area at the base, and a high-end hotel and serviced apartments in the top 27 floors. The hotel section is to contain the highest hotel rooms in the world. The building will also feature a 6-storey crown that will contain a Turkish bath, sky garden and other club facilities. The Fortune Group hope to start construction this year and will complete it by 2009.
A nother of Dubai's impressive skyscraper endeavors, the Burj al Alam is designed to catch the eye and create a prestigious skyscraper in a city rapidly filling with prestigious towers. The building presents a graceful facade, clad in blue reflective glass, formed from six distinct shafts seemingly bound together at the center. The entire building flares out at the top and the bottom, and when combined with its tubular form, gives an organic appearance, like a bouquet of flowers tied at the center with a ribbon.
In fact, it was deliberately designed to resemble a crystal flower, especially at the top where the petals separate and form a six-story crown. This area has a sky garden, a Turkish bath, and private club facilities, as well as providing some of the most spectacular views in the Middle East.
1st-5th floors: Retail.
In a milestone announcement, leading Dubai-based real estate development company, Fortune Group, today announced that it has exclusively tied up with Amlak Finance (PJSC), the UAE's leading Islamic home finance company to offer financing options for their latest venture, Burj Al Alam - which is one of the world's tallest freehold commercial towers being developed at an estimated value of AED 4 billion at Business Bay.
It is for the first time that Amlak will be offering finance facilities of up to 90% to investors of a commercial project being developed by a private developer. As part of the agreement, Amlak will structure finance options based on investor requirements for this path breaking project. Finance packages will be made available to UAE nationals, residents, GCC and other overseas investors. The tenure will vary over a span of a maximum period of 25 years based on the eligibility criteria. Speaking at a signing ceremony held today, Mr. Ahmed Khoory, Chairman - Fortune Group said : "As one of the tallest commercial towers in the world, Burj Al Alam will redefine the skyline of Dubai . It is only imperative that we partner with project associates who are leaders in their respective fields. This is what led us to Amlak and we are indeed delighted to have them as our partners in this ambitious foray of the Fortune Group."
Mohammed Al Hashimi, MD & CEO of Amlak Finance said, "Amlak is delighted to have partnered with Fortune Group to provide finance for this mammoth commercial project. The uniqueness of Burj Al Alam consists not just in its height, but also in its aesthetic totality. Together with Fortune Group's global expertise and Amlak's track record with real estate financing in the UAE, customers will be able to avail the best in realty investment." Rising beyond 480 metres, Burj Al Alam is designed to resemble a dazzling crystal flower with a total of 108 floors, out of which, 74 will be dedicated to offices and 27 storeys will be taken up by hotels and service apartments. Burj Al Alam will house the world's highest hotel. The Fortune Group will commence construction of Burj Al Alam (The World Tower) in 2006 and complete it by 2009.
Fortune Group's current investments in Dubai real estate are valued at over AED 6.3 billion across six exclusive commercial and residential freehold projects. Other group projects are at Jumeirah Lake Towers , Palm - Jebel Ali, Dubai Sports City and International Media Production Zone. It has ambitious plans to expand overseas. Amlak Finance PJSC (Amlak) was established in November 2000 as a wholly - owned subsidiary of its still major shareholder Emaar Properties PJSC (Emaar).
Burj Al Alam
Burj Al Alam will be an iconic addition to the skyline of Dubai and an architectural masterpiece that will be acclaimed the world over. Rising up to 108 storeys, it will offer uber-modern offices, a five-star hotel, a high-end shopping plaza as well as the world's first roof top spa. Engineered by Arup Japan and designed by none other than Nihon Sekkei Japan, it will be 484 mtrs high (1588 ft) making it the tallest commercial tower in the world. Construction will begin in 2006 and the project is expected to be completed by 2009.
Burj Al Alam will offer offices and residencies of uncommon beauty and style - as well as the most enticing array of amenities, recreation and pleasures. The tower is strategically designed to accentuate the view of Business Bay Creek on the South side and the Burj Dubai super-high rise tower on the North. An extensive podium design, with specialty design retail spaces that feature luxury designer brands, will serve as the first point of approach.
Fortune Group unveils grand plans to build landmark Dhs. 4 billion commercial tower in Dubai
To be developed at an estimated value of Dhs. 4 billion, this magnificent project will come to life at the emirate's prime Business Bay area.
Tipped to be the tallest and the most incredible edifice dedicated to commercial space, Burj Al Alam will reflect Dubai's growing eminence in the world of business. Aside from its formidable height, the project's design is also poised to be the most striking in the aesthetic sense.
The Fortune Group will commence construction of Burj Al Alam - The World Tower in 2006 and complete it by 2009. This master project will house the world's highest hotel. Rising beyond 480 metres into the sky, Burj Al Alam is designed to resemble a dazzling crystal flower. Of its total 108-storeys, 74 storeys will be dedicated to offices, while 27-storey will be taken up by hotels and service apartments. The balance will be covered by retail spaces.
Burj Al Alam is the most significant initiative in the Fortune Group's proposed investment plan which also includes projects in Dubailand, Sharjah and international markets. The Fortune Group has so far conceptualised and developed real estate projects valued at Dhs. 2.3 billion across the Emirate.
Highlighting its role in Dubai's property sector, Mr. Ahmed Khoory, Chairman - Fortune Group said: 'Dubai is fast emerging as a business powerhouse, backed by the creative vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. Real estate is among the biggest beneficiaries of Dubai's trial-blazing growth. Encouraged by a vibrant economy and surging capital values, the sector has attracted the attention of international investors and developers alike.'
'The Fortune Group has been an active participant in the growth of Dubai's real estate sector with significant projects on The Palm - Jebel Ali, International Media Production Zone, Dubai Sports City and Jumeirah Lake Towers. Our projects reflect a fine balance between innovation, creativity and quality. At Fortune, we visualise concepts that go beyond convention, making our projects truly unique,' he said.
Announcing the group's future initiatives, Mr. Syed Mohammad Ali, CEO - Fortune Group said: 'Going forward, the Group will continue to be inspired by the spirit of Dubai - that of continually reinventing itself. Our firm commitment to Dubai prompted us to conceive an inimitable project - Burj Al Alam, which will symbolise the dynamism and success of the Emirate. The project will be a defining marker for Dubai - both in terms of its incredible height as well as distinctive design besides being a world landmark - one that will dominate the top of the tallest list.'
Burj Al Alam will illustrate architectural ingenuity, adding a new dimension to Dubai's eye-catching cityscape. More importantly, it will back the economic initiatives of the government by creating the most futuristic infrastructure for businesses to operate and grow. It will also offer local and international investors a sterling opportunity to enhance returns, besides also maximising value for end-users, secondary investors and shareholders.
The iconic tower is strategically designed to accentuate the view of Business Bay creek in the south and the Burj Dubai super high rise in the north. The building features a 6-sty 'crown' that consists of a sky garden, Turkish bath, club facilities and a helipad. Each office floor plate is divided into six 'petals', allowing flexibility for mixed tenancy planning. An extensive podium design with speciality design retail spaces featuring luxury designer brand will serve as first point of approach for pedestrian traffic.
Open your eyes to a stunning vision. The Fortune Group is proud to unveil the most ambitious commercial project to date in Dubai and the tallest commercial tower in the world, aptly named – Burj Al Alam – the World Tower.
Burj Al Alam will be an iconic addition to the skyline of Dubai and an architectural masterpiece that will be acclaimed the world over. Rising up to 108 storeys, it will offer uber-modern offices, a five-star hotel, a high-end shopping plaza as well as the world's first roof top spa. Engineered by Arup Japan and designed by none other than Nihon Sekkei Japan & TAK (Teo A. Khing of Singapore), it will be 484 mtrs high (1588 ft) making it the tallest commercial tower in the world. Construction will begin in 2006 and the project is expected to be completed by 2009.
Burj Al Alam will offer offices and residencies of uncommon beauty and style - as well as the most enticing array of amenities, recreation and pleasures. The tower is strategically designed to accentuate the view of Business Bay Creek on the South side and the Burj Dubai super-high rise tower on the North. An extensive podium design, with specialty design retail spaces that feature luxury designer brands, will serve as the first point of approach.
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![Burj Al Alam [the World Tower] Logo](images/burj_al_alam_logo.jpg){kind=logo}
![Burj Al Alam [Dubai Business Bay] Photograph](images/burj_al_alam.jpg)