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DUBAI / Emirates Business
Danube Properties, a major Dubai-based property developer, has awarded five construction-related contracts with a combined value exceeding AED381 million in 2017 — a year it started delivering homes — part of the AED2.84 billion portfolio.
These construction contracts include an AED221-million main construction contract awarded to Naresco Contracting LLC 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.
Owned by Abdulla Abdulkarim Al Arif, Naresco Contracting LLC has been in the construction industry since 1986. A member of Abdulla Al Arif Investment, Naresco is now in the process of completing Glitz Residence 3 for Danube which is getting ready for handover in a few weeks’ time.
Danube Properties has also awar-ded an AED146 million 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, landscaped environment that appears more like a five-star resort, than a residential compound.