• Damac awards $54m deal for 29-storey Dubai tower

    Dubai's Damac Properties has awarded a $54.4m (AED200m) contract to Commodore Contracting Co for the construction of Merano Tower in Business Bay area.

    The contract covers main works for the project, a 29-storey residential tower due for completion in 2019. 

    Merano Tower is spread across one basement, one ground, three podium, and 26 residential levels. 

    Apartments vary from studios to three-bedrooms, with the starting price pegged at $159,569 (AED575,000). 

    Excavation work is underway at the development and have progressed to raft level. 

    De-watering systems for the project have also been connected, according to a company statement.

    A swimming pool, gymnasium, and parking space will be developed as part of the project. 

    Remarking on the development, Mohammed Tahaineh, senior vice president – commercial at 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."

    Courtesy Construction Week

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