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The firm will unveil its first residential build-for-sale property soon
July 04, 2023 | Staff Reporter | UAE | Real Estate
With more than 80 real estate developments across Switzerland and Austria, Fortimo is preparing to expand its footprint in Dubai. Says Remo Bienz, the founder, co-owner and member of the board of Fortimo, “When we first visited Dubai in 2008, we were instantly fascinated by this thriving and pulsating city. As experienced real estate developer partners from Switzerland, we were impressed with the way Dubai had transformed from a small town to an internationally recognised, bustling destination. We were pleased with how well they treat foreign investors and international players, allowing space for performance and expansion – so we established our plan to bring a taste of Switzerland to the Middle East.”
Philipp Bienz, Fortimo’s founder, co-owner and chairman of the board, continues, “We love to approach new things with a lot of enthusiasm. Dubai is an exciting market for any real estate developer and it immediately appealed to us. We analysed the situation with great detail and then decided that we definitely had a chance here.”
With local development partner Eaglewing, Fortimo’s first foray into the competitive Dubai property market was in 2015 with the construction of PRIVÀ Living in Arjan. The build-to-lease residential development opened in 2019 offering serviced apartments for short- and long-term rentals. In 2019, construction also began on Fortimo’s four-star REVIER Hotel in Business Bay, which opened in 2021.
The two companies are now preparing to unveil their first residential build-for-sale property in Dubai. “We are excited to be taking the next significant leap forward with Fortimo in terms of our growth plans in the UAE,” says Rahul Raghuwanshi, founding partner of Eaglewing. “Our strategic focus is on prime locations in Dubai that will generate a lot of interest and traction in the local residential market,” he adds. The new residential development will be officially announced in the coming weeks.
