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Business | Property

Tamweel offers financing for Fortune Towers

Real Estate finance company Tamweel on Saturday announced that it will offer commercial financing to businesses interested in buying office space in the Fortune Tower, located in Dubai's Jumeirah Lakes Towers.

Staff Report
Published: 00:06 June 15, 2008

Dubai: Real Estate finance company Tamweel on Saturday announced that it will offer commercial financing to businesses interested in buying office space in the Fortune Tower, located in Dubai's Jumeirah Lakes Towers.

Fortune Tower offers nearly 350,000 square feet of commercial space in a prime business location of Jumeirah Lakes Towers adjacent to Shaikh Zayed Road. The handover of the property to the owners will start this month. Jumeirah Lakes Towers is a premium mixed-use free-zone development that includes a wide range of residential and office towers alongside hotels, leisure and retail outlets.

"We are confident that our solid track record, including industry-first products, strong local presence, customised financing options and a wealth of market expertise, will prove immensely beneficial to buyers of Fortune Towers," said Wasim Saifi, Chief executive of Tamweel.

To date, Tamweel has provided over Dh11 billion in financing and has been involved in the development of some of the most prominent projects in the UAE.

Fortune Tower is being developed by Fortune Group, a Dubai-based property developer. The Fortune Group's other prominent developments include Fortune Bay, Fortune Avenue, Fortune Pearl, Fortune Bravo, Crystal Tower, Fortune Executive Tower, Fortune Serene, Fortune Pavilion, Casa Marbella and Burj Al Alam, the world's tallest commercial tower.