Dubai: Danube awards AED381mn construction contracts in 2017
Dubai-based developer, Danube Properties, has awarded five construction-related contracts with a combined value exceeding AED381mn in 2017, as a part of its AED2.84bn portfolio.
These construction contracts include a AED221mn main construction contract recently awarded to Naresco Contracting to deliver Miraclz Tower near Miracle Gardens at Arjan, that will host 599 units including 591 apartments. The 28-month contract will see the project delivered by the end of 2019.
Danube Properties has also awarded a AED146mn contract for the main construction package for the Resortz project to Dubai Walls Construction. The 17-month contract will see the project gets ready for occupancy by the second quarter of 2019. Resortz will host 444 units including 419 apartments, 25 retail outlets, and landscaped environment.
Prior to that, Danube Properties has awarded a AED10mn piling and shoring contract to Atlas Foundation for Miraclz Tower and a further AED4mn piling and shoring contract for Resortz project.
Atif Rahman, director and partner of Danube Properties, said, These construction contracts reflects our deep commitment to our largest stakeholders our valuable property buyers and investors who have put their trust and hard-earned life savings in our projects to receive the keys to their dream homes.
Since launching its first project in 2014, Danube Properties has been able to deliver two projects involving 302 residential units, worth AED270mn. In the next few weeks, we are preparing to deliver 525 residential units, including 171 townhouses and 354 apartments. As a committed property developer, we see ourselves as a custodian and responsible for the delivery of their dream home on time and with the promised quality and facilities. Construction contracts are part of the process and we try to constantly challenge ourselves on timely delivery and with quality beyond the buyers expectations. We work for our stakeholders our buyers and theres nothing like seeing the smile of a happy customer. We strive to achieve that.
Danube Properties, part of Dubai-based diversified conglomerate Danube Group, has launched nine residential projects, of which two have been delivered, two are getting ready for delivery, while four others are at various stages of construction and one in tendering stage.