Project Summary

Project Name:

Merano Tower


Location

Business Bay


Developer

Damac


Handover Date:

Q1 2020


Type:

Apartment


Bedroom(s):

3 Bedrooms


Average Area:

1443 SQFT


Average Price:

2482000


Price/Sqft:

1720.03 AED


Payment Plan

During Construction

90%

On Handover

10%

Post Handover

0%

Damac

Merano Tower

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About the Project

Merano Tower is a 29-storey residential development by Damac Properties. It is located in Business Bay right in the centre of Dubai. The striking residential tower provides direct access to Dubai’s business district, with close proximity to the prestigious platinum square kilometre of the Burj area. Every corner of the home is planned to perfection with luxury detailed. You can easily stay connected to the city and its attractions, with two metro stations and two major highways right at your doorstep. As a centre of commerce, Business Bay is to Dubai what Manhattan and Ginza are to New York and Tokyo. With the legendary, and now extended, Dubai Creek running through it, the development embodies Dubai’s progress and its crucial role in the emirates past as well its future. An inspired urban concept, this illustrious part of town is home to the world’s tallest tower, its largest shopping mall, iconic fountains and a host of other first-class amenities.

Facilities:

  • 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

About Location

Business Bay is a central business district located besides Downtown Dubai, United Arab Emirates. The project features numerous skyscrapers located in an area where Dubai Creek has been dredged and extended. Business Bay will have upwards of 240 buildings, comprising commercial and residential developments.The entire development covers an area of 46,900,000 sq ft (4,360,000 m2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m2). The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. In Dubai Business Bay is known to be a mixed-use neighbourhood with residential and commercial areas and is home to several high-end hotels including the former tallest hotel in the world JW Marriott Marquis. Business Bay is also closely located to the upcoming design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah. Popular off-plan communities to invest in Business Bay include Reva Residences by Damac, Binghatti Star by Binghatti Developers and Vera Residences by Damac.

About the Developer

Damac properties are one of the leading luxury developers in the Middle East since 2002 they have delivered to more than 18500 customers with a development portfolio of more than 40,000 units at various stages of progress and the number grows daily. The developers pride itself on its uncompromising commitment to service excellence.  The highly experienced management team of directors and senior managers has significant experience in the real estate and construction industry. The company has also released two master developments in Dubai, totalling nearly 100 million square feet between them. In January 2017, DAMAC Properties had awarded more than 370 contracts worth AED 3.5 billion. The contracts included construction, supplier and consultancy services across its portfolio of developments. Projects like Artesia, Aurum Villas, Akoya City Tower B, Carson and Damac Heights are some of the iconic developments by Damac Properties. 

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