DAMAC Properties Awards Contract Worth AED 200 million for Main Works at Merano Tower
DAMAC Properties, a leading luxury real estate developer in the region, has recently awarded a contract worth approximately AED 200 million for Merano Tower located in Business Bay, Dubai. The main works contract has been awarded to Commodore Contracting Co. LLC.
Following the completion of the substructure works at Merano Tower, the awarded contract covers the project’s main works package. Excavation works are in progress up to raft level and the de-watering system is connected.
Mohammed Tahaineh, Senior Vice President - Commercial, DAMAC Properties, said: “We are pleased with the contractors we have appointed and which represent a significant portion of the construction of Merano Tower, where we continue to make steady progress. We strive to appoint leading contractors and consultants in the industry with a proven track record in terms of quality of work and efficiency on delivery times.”
Merano Tower is a 29-storey residential tower that, once completed in 2019, will provide spectacular views of the prestigious platinum square kilometre of the Burj area in Downtown Dubai. A paradigm of urban architecture and design, the striking residential tower features a swimming pool, a state-of-the-art gymnasium and ample parking space. It also provides direct access to Dubai’s business district, where residents can easily stay connected to the city and its attractions with two metro stations and two major highways right at its doorstep.
Merano Tower includes a basement level, ground floor and three podiums with 26 floors of residential apartments varying from studios, to one, two, and three-bedrooms, with units starting at AED 575,000.