We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Tue 4 Dec 2018 02:08 PM

Font Size

- Aa +

Dubai's Sternon unveils $150m project near Disney World Orlando

Unit of Dubai developer says Fortune Star includes three towers that will deliver 550 luxury apartments in three phases at Kissimmee

Dubai's Sternon unveils $150m project near Disney World Orlando
The $150 million Fortune Star project is located close to Disney World in Orlando, Florida.

Sternon Worldwide, the international real estate development arm of Dubai-based developer Sternon Group, is set to start work on its $150 million Fortune Star project, located close to Disney World in Orlando, Florida.

Fortune Star includes three towers that will deliver 550 luxury apartments in three phases at Kissimmee, the developer said in a statement.

It added that the first phase of the project will see the development of 250 apartments. Around 40 investors have put their money into the project through the EB-5 investor immigration programme that allows investors to obtain permanent US residency and a Green Card, on the condition of a minimum investment of $500,000.

Hussaini F Nalwala, managing director of Sternon Group, said: "The land for the development of the project has been acquired, following which all the permits have been obtained and we expect the main construction activities to start in April. We expect to deliver the project in two and a half years’ time.

“Located just a few minutes away from Disney World in Kissimmee, Florida, Fortune Star offers a plush lifestyle with comfortable living.”

The first phase of the development is an eight storey building overlooking the Magic Kingdom of Disney World. It features a two level shopping area, three storey parking space and seven floors of 1- and 2-bedroom apartments.

The second phase of the development is an 18 storey building while the third phase is a 20 storey building.

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.