KONE Corporation, press release, May 8, 2025
KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide a suite of People Flow® solutions for the 450-meter-high, 106-storey Franck Muller Aeternitas Tower, located in Dubai Marina. A joint creation by real-estate developer London Gate and the Swiss luxury watch manufacturer, Franck Muller, the development will be the tallest branded residential building in the world - inspired by the most complicated watch ever made.
Upon its completion in 2027, the Franck Muller Aeternitas Tower will offer luxury apartments designed for a premium lifestyle. Recognized as the tallest residential clock tower globally, it is strategically placed near Sheikh Zayed Road, Dubai's main highway, providing easy access across the emirate.
Eman Taha, CEO at London Gate, says: “Aeternitas by London Gate is a legacy in the making; everything is carefully curated to offer an extraordinary lifestyle. We found a partner in KONE, a company we fully trust to equip this luxury residential tower — with them, we are assured that residents will have smooth, safe, and reliable around-the-clock access throughout the building.
"At KONE, we understand the delicacy of high-end luxury residential towers and the type of people flow equipment required to keep occupants happy," adds Samer Halabi, KONE Executive Vice President for Asia-Pacific, Middle East and Africa. "Dubai's reputation for ambitious projects is well-deserved, and the Franck Muller Aeternitas Tower is a testament to that. We're proud to be part of this high-end development, highlighting the UAE's ability to consistently amaze."
KONE's order comprises 38 units in total, including 14 KONE MiniSpace™ DX energy-efficient high-speed passenger elevators equipped with UltraRope® technology. The solution also features KONE 24/7 Connect for predictive maintenance, ensuring optimal performance and reliability around the clock. Sustainability remains a key focus throughout the project, with solutions designed to reduce energy consumption and support eco-efficient operations.
The developer is London Gate, and the main contractor is Al Serh Al Kabeer Construction.
KONE booked the order in Q4 of 2024.
For further information, please contact:
Gia Forsman-Härkönen, Head of Media Relations, KONE Corporation, tel. +358 50 324 3078, media@kone.com
Read more
Previous press releases are available at www.kone.com/en/news-and-insights/releases/.
March 10, 2025: KONE to equip the Azizi Venice residential complex in Dubai South
December 17, 2024: KONE to equip world's tallest residential-only building in Dubai
November 27, 2024: KONE to modernize Saudi Arabia's King Fahd International Airport with a suite of people flow solutions
About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2024, KONE had annual sales of EUR 11.0 billion, and at the end of the year over 60,000 employees in close to 70 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
