Burj Al Alam will house the world's highest hotel.
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).