UAE Business: Danube picks Naresco as main contractor for $129m Skyz Tower – Gulf Digital News

UAE Business: Danube picks Naresco as main contractor for $129m Skyz Tower – Gulf Digital News

Danube Properties, the UAE-based affordable housing pioneer, has appointed Naresco Contracting as the main contractor for the construction of the AED475 million ($129 million) Skyz Tower.

A Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities, Skyz will be developed on a 67,837.39 sq ft plot of land at Arjan, close to the Miracle Garden with easy access to Mohammed Bin Zayed Highway. As per the contract, Naresco Contracting will construct and deliver Skyz Project by the end of Q3 2024.

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

8,272 residential unit portfolio

Danube Properties current development portfolio involves 8,272 residential units, with a combined development value exceeding AED5.65 billion. It has so far delivered 4,556 units with a combined sales value of AED3.63 billion-nearly two-thirds of the entire portfolio value.

“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,” Rizwan Sajan, Founder and Chairman of Danube Group,