Damac Properties has awarded a contract worth about AED200 million ($54.4 million) for its Merano Tower project located in Business Bay, Dubai.
The main works contract has been awarded to Commodore Contracting Co and covers the project’s main works package, the Dubai-based developer said in a statement.
Excavation works are in progress up to raft level and the de-watering system is connected, it added.
Merano Tower is a 29-storey residential tower that, once completed in 2019, will provide views of the platinum square kilometre of the Burj area in Downtown Dubai.
The residential tower features a swimming pool, a gymnasium and ample parking.
Merano Tower also 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 AED575,000.
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.”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.
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