DAMAC Properties, a leading developer of luxury properties in the Middle East, has launched “Merano Tower” residential, inspired by the Italian luxury designs, which will feature panoramic views of the Dubai water canal, and it was introduced during the exhibition “Cityscape Global 2015”.
According to the company that stated, the new project, consisting of 29 floors, is located in the Business Bay area of Dubai, inspired by the design of the Italian famous spa town of Merano.
The project enjoys the views of the Dubai Water canal, with easy access to footpaths, which extends to 3.2 kilometers, as well as restaurants and entertainment facilities. The Tower also provides direct access to the heart of Dubai‘s business district, and is within walking distance of the platinum square kilometer of the Burj area of Dubai, with two metro stations and two major highways.
To be mentioned that the Dubai water canal is more than 50% completed, and is expected to open in October of next year. The project will see the extension of Dubai Creek by about three kilometers, which would turn the Bur Dubai area to an island surrounded by the creek water on three sides, and the Arabian Sea on the other. The project will include about 450 restaurants, in addition to the quiet walkways and bicycle paths, as well as luxury hotels and shopping centers.
The Merano Tower project includes a basement level, ground floor and three platforms in addition to the 26 floors of residential apartments ranging in size from studios to a one, two-bedroom and three bedrooms, with prices starting from 611.000 thousand AED.
The strategic location of the Merano Tower in the heart of a mixed-use community, which combining commercial and residential facilities and hospitality, shopping, leisure and entertainment, as it will cater to all the needs of the different people who live near their workplace or investors who want to invest in one of the hottest real estate areas in Dubai“.
Till June 30, 2015 the Damac Properties has delivered 14,375 homes, and has more than 37,000 units in various stages of planning and construction, including more than 10,000 hotel rooms and serviced hotel apartments under construction, all of which are managed by the hospitality arm of the company, “DAMAC Hotels & resorts.”
The main activity of the company in providing real estate investment services, management and implementation of real estate projects, and provide hotel apartments.
The company’s share capital of 5.5 billion AED, spread over 5.5 billion shares, with a nominal value of one dirham per share.
- Studios as well as one, two and three bedroom apartments
- Swimming pool
- State-of-the-art gymnasium
- Ample parking space
- Elegant lobby with reception desk
- Round-the-clock security
- Manicured landscaping