Danube Properties appoints Naresco contracting LLC as main contractor to deliver the DH 475mln Skyz tower

Danube Properties appoints Naresco contracting LLC as main contractor to deliver the DH 475mln Skyz tower

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, today announces 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 Dh475 million.

Skyz will be developed 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 Miracle Garden, Arabian Ranches and Motor city communities. The affordable homes come with Danube Properties’ trend-setting 1 percent payment plan that helps middle income tenants and end-users to easily acquire their dream homes.

Danube Properties current development portfolio involves 8,272 residential units, with a combined development value exceeding Dh5.65 billion. It has so far delivered 4,556 units with a combined sales value of Dh3.63 billion-nearly two-thirds of the entire portfolio value.

Main contractor is responsible to construct 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 usually hire sub-contractors and suppliers to