Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, announced the appointment of Naresco Contracting LLC as the main contractor for the construction of Skyz Tower, a Mediterranean-themed high-rise residential tower with elegantly designed apartments, retail outlets and recreational facilities with a development value exceeding AED 475 million.
Skyz would be built at an 67,837.39 square feet plot of land at Arjan, close to the Miracle Garden with easy access to Mohammed Bin Zayed Highway. The tower overlooks Arabian Ranches, Miracle Garden, and Motor city communities. The affordable homes come with Danube Properties’ trend-setting 1 percent payment plan that facilitates middle income tenants and end-users to easily obtain their dream homes.
Danube Properties current development portfolio involves 8,272 residential units, with a combined development value exceeding AED 5.65 billion. It has so far provided 4,556 units with a combined sales value of AED 3.63 billion, nearly two-thirds of the entire portfolio estimate.
Main contractor is accountable to build an assigned project, as per the developer’s or project owner’s timeline and specifications. Main contractor is legally bound to deliver complete project on time and as per quality. Main contractors generally hire sub-contractors and suppliers to assist them in completing the project. As per the contract, Naresco Contracting would construct and deliver Skyz Project till the end of Q3 2024.
Rizwan Sajan, Founder and Chairman of Danube Group, said that as a customer-centric and delivery-focussed developer, the company announced the appointment of the main contractor for Sky tower that reinforces their commitment to deliver homes to our customers on time and with the right quality.
Sajan added that a property developer’s credibility depends on timely delivery of the project and as per quality.
The group are very conscious of their commitment to customers, their biggest stakeholders. Since entering the real estate business, we have been delivering projects on time and on quality.
Naresco Contracting has previously constructed their projects and delivered on time. This time also, it has put their trust on them to deliver the project on time.
Naresco Contracting LLC, a Dubai-based construction company with 36 years of legacy in the construction industry, has delivered 129 projects while 20 more are at various stages of construction. At present it has more than 4,500 employees on payroll and vast group of companies actively involved in their construction business. It had successfully delivered several projects for Danube Properties, including Glit 1, 2 and 3 and Miraclz.
Abdulla Abdulkarim AlArif, Chairman of Naresco Contracting said the company is very pleased to be working with Danube Properties for the construction of the Skyz Tower, after successfully delivering a number of residential projects to them.
AlArif added that the award of this contract reflects their client’s renewed trust in the company’s work. Naresco is known as a quality-conscious contractor with a reputation of on-time delivery of projects and achieving Client’s satisfaction.
Skyz Tower delivers holistic amenities from retail arcade, games room, kids play area, state-of-the-art health club, outdoor gymnasium, infinity pool, kids pool, outdoor jacuzzi, viewing deck, paddle tennis, gazebo, outdoor seating area, water bodies, BBQ area, jacuzzi lounge, party hall with billiards room, business centre and Sky jogging track.
The concept behind Skyz Tower is to build a new residential destination that commemorates Mediterranean living by expanding usable outdoor space through balconies, terraces, gardens, parks, and plazas. The tower is designed to allow maximum views and light into the scheme and creates a series of external gardens distributed around the building linked by an informal route with an outdoor pool and recreation area at various levels.
Sky Jogging Track is a first in the region, an elevated jogging track for occupants of Skyz Tower, that will help the residents to maintain a healthy lifestyle, in addition to the health club, gymnasium, and swimming pool. This reflects Danube Properties’ focus on offering the best lifestyle to the homeowners, so that they can maintain a healthy life.
About Danube Properties
Danube Properties, part of the Danube Group, made its foray into the real estate market in June 2014, by launching the AED 500 million 171 townhouses at Al Furjan. Since then, it continued to increase its development portfolio by launching Glitz Residence I, II, III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz, Elz, Lawnz, Wavez, Olivz and Skyz projects.
The company at present has a development portfolio of 7,002 units, with a collective value exceeding AED 4.98 billion. It has delivered about 2,155 units, with a combined sales value of AED 2.1 billion, nearly half of its portfolio value.
