Dubai's Damac issues tender for luxury residential project

30-storey Vera Residences in Business Bay will feature a shopping boulevard
By Staff writer
Mon 19 Mar 2018 02:37 PM

Damac Properties said on Monday it has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay.

The tender is being issued for enabling work, which will prepare the ground for foundational layout, piling work, followed by main construction work. The tower includes a basement and ground level, three podium levels, 25 residential floors and a roof top.

“Damac is issuing the tender following unprecedented response by buyers for this value-driven investment proposition, located in the most desirable area of Dubai,” said Mohammed Tahaineh, senior vice president – Commercial, Damac Properties.

“We wanted to start construction work without delay, to be in a position to deliver the units to their new owners as quickly as we can.”

The enabling works tender is for foundational work at the Vera Residences site, and will see the appointment of enabling contractor to take place by first week of April, with the enabling works being completed within 30 days after the contract award.

The 30-storey tower includes a dedicated children’s play area, barbecue area, temperature-controlled swimming pool, fitness centre, jogging track, steam rooms and sauna, landscapedgardens, as well as covered parking and a shopping boulevard.

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