The local Fortune Group launched on 28 March its latest project, a new commercial tower project in Business Bay called Burj al-Alam or World Tower. With 108 storeys and a height of 480 metres, the AED 4,000 million ($1,066 million) tower will be one of the five tallest habitable structures in the world, and second only to Burj Dubai in terms of liveable height.
The tower will have a concave profile with a six-storey crown-shaped sky garden at the top.
A total of 74 storeys will be dedicated to office space, while the top 27 storeys will be taken up by a five-star hotel, which will be the world's highest. The tower will also feature extensive retail space and a helipad.
Due to the structure's height, tune mass dampers (TMDs) will be installed to ensure the minimal amount of swaying. Completion is set for 2009.
An award on the piling contract is expected soon. Prequalification of contractors for the main construction package is scheduled to take place later in the year. Japan's Nihon Sekkei is the architect. The UK's Arup is the structural and mechanical engineer. The project management consultant (PMC) is Malaysia's Teo A Khing Design Consultants, which is also the masterplanner for the Business Bay's promenade.
The Fortune Group is behind a number of other projects in Dubai including the Fortune Tower, Fortune Executive Tower and Fortune Araames Towers in the Jumeirah Lake Towers development, Fortune Serene in the International Media Production Zone and Casa Marbella on Palm Jumeirah (MEED 11:2:05).