Raft foundation of the $300 million DAMAC tower in Solidiere completed

DAMAC Properties , the largest private developer in the Middle East, has completed the raft foundation for its iconic 'DAMAC Tower' in Beirut, Lebanon. The main contractors MAN Enterprises s.a.l have now finished the foundation works and the pouring of the raft is a significant development in the construction process. Pouring the raft involved laying 500 tons of steel and 4200.00 cubic meters of concrete. "The sheer volumes of raw materials used are staggering. 500 tons of steel is the equivalent of more than 480 motor vehicles" El Chaar added.
"This is a major milestone in the construction of DAMAC Tower. The foundations are crucial for the super-structure, but they take time to complete. Work will now really begin to accelerate and customers will see an advanced level of construction from this point forward" said Ziad El Chaar, Managing Director, DAMAC Properties .
The US$300 million premium project, an innovative collaboration between DAMAC Properties and VERSACE HOME, will deliver the entire VERSACE lifestyle concept to discerning residents through a high-end building with bespoke VERSACE HOME interior design packages throughout.
DAMAC Tower was launched as the first exclusive VERSACE HOME branded residential tower in the region. Situated in the elite marina area of the new Solidere development in Beirut, DAMAC Tower has extensive views of the Mediterranean. The flowing curves and volumes of the 28 storey building were designed to emulate the surging waves of the ocean.
DAMAC Tower will feature spacious private units resplendent with custom designed interiors. All the common areas including the health and fitness facilities, the concierge reception, and the main lobby will feature VERSACE HOME products.
" DAMAC Properties ' partnership with VERSACE, the world-renowned Italian fashion house synonymous with glamour and luxury, defined the interiors of DAMAC Tower. The shared vision of the two companies has combined to deliver the most prestigious and sought-after property in Beirut.
DAMAC Tower won the prestigious Bloomberg International Property Award in 2010, which is one of the highest accolades awarded in the property sector. DAMAC Tower won the global award for 'Best High Rise Architecture. This international accolade recognizes DAMAC Tower on the global stage, and distinguishes the project as one of the most highly regarded residential developments in the world.
The shared vision of the two companies has combined to deliver the most prestigious and sought-after property in Beirut, and now that DAMAC Tower has been recognized as being one of the most outstanding developments in the world, interest in this project is likely to come from much further afield.
Press Release
August 27