A leading Dubai based real estate developer, Fortune Group, announced yesterday that its high-end retail offering – The Corporate Mall, which is planned to be in the world’s tallest commercial tower, Burj Al Alam, Dubai, has drawn an extremely positive investor response from the ultra-luxury segment of the retail sector.
The group has already sold out 75% of the total 313,000 square feet of available retail space. The mall is not only a freehold facility but also has the distinction of being the only mall within Business Bay, a mere two weeks from the launch. The group has also retained some of the retail area for leasing out to anchor tenants.
The Corporate Mall was designed by the world-famous Japanese architects, Nikken and Sekkei. The state-of-the-art enclosure will cater exclusively to discerning corporate clients, featuring nothing but the most expensive ultra-luxury outlets, top-of-the-line regional and international brands including high-end fashion brands, sophisticated dining and entertainment experiences. Not restaurants – experiences, which is a completely different thing and far more sophisticated. The mall will also house trendy coffee shops, a modern fitness centre and parking space for over 1000 cars.
The Fortune Group has already begun construction on Burj Al Alam and the project is slated for completion by 2011.
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