Danube Properties selects Naresco as main contractor for $129m residential tower

WCN Editorial Team 7 Sep 2022 MIDDLE EAST BUILDINGS

Danube Properties, a UAE-based affordable housing developer, has chosen Naresco Contracting as the main contractor for building the $129m (AED475m) Skyz Tower in Dubai, UAE, reported TradeArabia.

This high-rise Mediterranean-themed residential tower will feature apartments, retail outlets and recreational facilities.

Skyz will be built on a 67,837.39ft2 plot of land at Arjan, near the Miracle Garden.

This project will have an easy access to Mohammed Bin Zayed Highway.

According to the terms of the contract, Naresco Contracting will build Skyz Project by the end of Q3 2024.

Skyz will overlook Arabian Ranches, Miracle Garden, and Motor city communities.

The project comes with Danube Properties’ 1% payment plan to aid middle income tenants and end-users to buy their homes.

Dubai-based Naresco Contracting chairman Abdulla Abdulkarim AlArif 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.”

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Image: Naresco Contracting will build Skyz Project by the end of Q3 2024. Credit: Sangeeth Sangi from Pixabay.

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