In a milestone announcement, leading Dubai-based real estate development company, Fortune Group, 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.”