Danube Properties has appointed Naresco Contracting as main contractor for Skyz Tower, a Mediterranean-themed high-rise residential tower with a development value of more than Dh475 million.
Location and Homes
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. The tower overlooks Miracle Garden, Arabian Ranches and Motor City, and its affordable homes come with Danube's 1 per cent payment plan, helping middle-income tenants and end users buy their dream homes.
The Dubai-based developer's current portfolio comprises 8,272 homes worth more than Dh5.65 billion in development value. It has delivered 4,556 units with a combined sales value of Dh3.63 billion, nearly two-thirds of the total.
Delivery by Q3 2024
The main contractor is responsible for building a project to the developer's timeline and specifications. Under the contract, Naresco Contracting will build and deliver Skyz by the end of the third quarter of 2024.
"As a customer-centric and delivery-focused 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 with quality. Naresco Contracting has previously constructed our projects and delivered them on time. This time also, we have put our trust on them to deliver the project on time – to our satisfaction," he said.
Naresco Contracting LLC has delivered 129 projects, with 20 more under construction. See Danube's ongoing projects.
