Dubai, UAE – DAMAC Properties has issued a new tender for enabling works on its VERA Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities, and breath-taking views of Dubai Canal.

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.

Strategically placed at the epicentre of one of Dubai’s business hot-spots, VERA Residences’ close proximity to the prestigious Downtown Dubai district offers the ultimate lifestyle for those seeking a lively community with connectivity to the city.

The 30-storey tower is complemented by life-enhancing amenities including dedicated children’s play area, barbecue area, temperature-controlled swimming pool, state-of-the-art fitness centre, jogging track, steam rooms and sauna, landscaped gardens, as well as covered parking. Vera Residences will also include a shopping boulevard, further elevating the community feel and providing convenience to residents.

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Get more information at www.damacproperties.com

About

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.

As of 31st December 2017, DAMAC Properties has delivered over 20,230 homes. The company has a development portfolio of over 44,000 units at various stages of progress and planning, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living. Visit us at www.damacproperties.com

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For more information, please contact: Sherif Elghamrawy, Assistant Vice President, Corporate Communications, DAMAC Properties. Tel: +971 4 3731000 │Email: sherif.elghamrawy@damacgroup.com

© Press Release 2018