A leader in Swiss real estate development, Fortimo is poised for a major expansion into Dubai. with more than 80 real estate developments in Switzerland and Austria, Fortimo is known for building, owning and operating exceptional hotel and residential properties.
Founded in 2000 by twin brothers Remo and Philipp Benz, Fortimo is a leading Swiss asset holding company with over 450 employees and a combined investment of close to CHF 1.5 billion (AED 6 billion). Based on Swiss precision, professionalism, design and a high level of execution, Fortimo now brings the Swiss tradition of excellence to Dubai as it prepares to expand its footprint in the UAE.
Remo Bienz, Fortimo's founder, co-owner and board member, said, "When we first visited Dubai in 2008, we were immediately drawn to this thriving and vibrant city. As experienced real estate developer partners from Switzerland, we were impressed with the way Dubai has transformed itself from a small town to an internationally recognized and prosperous destination. We were delighted with the way they treated foreign investors and international players, allowing room for expression and expansion - so we developed plans to bring a taste of Switzerland to the Middle East".
Philipp Bienz, founder, co-owner and Chairman of the Board of Directors of Fortimo, continued: "We like to approach new things with great enthusiasm. Dubai is an exciting market for any real estate developer and it immediately appealed to us. We analyzed the situation in great detail and then decided that we definitely have an opportunity here".
Since their first visit 15 years ago, Remo and Philip have been paving the way for expansion in strategic locations in Dubai. Together with local development partner Eaglewing, Fortimo first entered the competitive Dubai real estate market in 2015 with the construction of PRIVÀ Living in Arjan, a build-to-lease residential development opening in 2019 offering serviced apartments for short and long-term leases.
In 2019, Fortimo also started construction on the REVIER Hotel in Business Bay. Opening in 2021, this 230-key hotel is a celebration of Swiss craftsmanship and contemporary design, bringing a Swiss feel, a boutique ambiance and an unrepeatable sense of warmth to a four-star hotel. Its industrial edge, intuitive rooms and public spaces, and chic
At the World Luxury Hotel Awards 2022, REVIER Hotel has been awarded the best luxury design hotel in the Middle East.
Building on the success of PRIVÀ Living and REVIER Hotel, Fortimo and Eaglewing are now preparing to launch their first residential build-to-suit property in Dubai. The project promises to bring Fortimo's Swiss expertise, exceptional design efficiency and execution, high level of concept and craftsmanship, and meticulous attention to detail to the forefront, while embedding Swiss sustainability and health and safety in every aspect of the building.
"We are excited to take the next big leap forward with Fortimo in terms of development plans for the UAE," said Rahul Raghuwanshi, founding partner of Eagle Wings." Our strategic focus is on prime locations in Dubai that will generate a lot of interest and traction in the local residential market."
The new residential project will be officially announced in the coming weeks.
