Danube Properties has appointed Naresco Contracting as main contractor for Skyz Tower, a Mediterranean-themed high-rise with elegantly designed apartments, retail outlets and recreational facilities, and a development value of more than Dh475 million.
About Skyz
Skyz will be built on a 67,837.39 sq ft plot in Arjan, close to Miracle Garden with easy access to Mohammed Bin Zayed Road, overlooking Miracle Garden, Arabian Ranches and Motor City. Its affordable homes come with Danube's trend-setting 1 percent payment plan, which helps middle-income tenants and end users buy their dream homes.
Danube's current development portfolio comprises 8,272 homes with a combined development value of more than Dh5.65 billion, and it has delivered 4,556 units with a combined sales value of Dh3.63 billion, nearly two-thirds of the portfolio's value.
The Main Contractor's Role
A main contractor builds a project to the developer's timeline and specifications and is legally bound to deliver it complete, on time and to the required quality, usually hiring sub-contractors and suppliers to help. Under the contract, Naresco Contracting will build and deliver Skyz by the end of Q3 2024.
"As a customer-centric and delivery-focussed developer, today we are announcing the appointment of the main contractor for Sky tower that reinforces our commitment to deliver homes to our customers on time and with the right quality," said Rizwan Sajan, Founder and Chairman of Danube Group.
"A property developer's credibility depends on timely delivery of the project and as per quality. We are very conscious of our commitment to our customers – our biggest stakeholders. Since entering the real estate business, we have been delivering projects on time and on quality.
"Naresco Contracting has previously constructed our projects and delivered on time. This time also, we have put our trust on them to deliver the project on time – to our satisfaction."
About Naresco
Naresco Contracting LLC is a Dubai-based construction company with 36 years in the industry. It has delivered 129 projects, has 20 more under construction and employs more than 4,500 people, with a wide group of companies active in construction. It has delivered several projects for Danube Properties, including Glitz 1, 2 and 3 and Miraclz.
Abdulla Abdulkarim AlArif, Chairman of Naresco Contracting, said: "We are 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. It's a new feather in our cap.
"The award of this contract reflects our client's renewed trust in our work. We are known as a quality-conscious contractor with a reputation of on-time delivery of projects and achieving Client's satisfaction."
Amenities
Skyz offers a retail arcade, games room, kids' play area, state-of-the-art health club, outdoor gym, infinity pool, lily pool with water beds, kids' pool, outdoor jacuzzi, viewing deck, paddle tennis, gazebo, outdoor seating, water features, BBQ area, jacuzzi lounge, party hall with billiards room, business centre and, above all, a Sky Jogging Track.
