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DAMAC hands $55mn tower contract to Commodore

DAMAC Properties has awarded Commodore Contracting Co with the AED 200mn ($55mn) main contract to build the Merano Tower in Business Bay, Dubai.

The project is a 29-storey residential tower due for completion in 2019. 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 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.

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