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Eye of Dubai
Business & Money | Sunday 24 April, 2016 11:35 am |

Danube Awards AED 185 Million Construction Contract for Glitz Residence 3

Danube has awarded Naresco Contracting LLC, a leading contracting company, the main contract for the 350 million dirham Glitz 3 development by Danube Properties in Dubai Studio City.


Glitz Residence 3 carries forward a unique luxury lifestyle concept developed by Danube Properties, every detail complements the lifestyle that today's young urban family expects in a green landscaped environment. It is designed keeping in mind the lifestyle comforts and contemporary convenience. Glitz Residence 3 is expected to be complete by end of 2017.

While the market sentiments are down, Danube has been busy carving its own niche in the affordable housing segment. The company has been able to negate any chances of delay in projects because of the one important factor; their core business division of building materials, which allows the selected contractor to source building material on time and more importantly, it comes at the lowest available price. Such an arrangement makes sure that the project cost comes down considerably, which allows Danube to pass on the benefits to customers by delivering property at the most affordable price.

Rizwan Sajan, Founder & Chairman, Danube Group asserted, “The completion of a construction project in a timely manner is often a critical factor and measure of its success. When delays occur on construction projects, they can have serious consequences. Hence we emphasize on thorough understanding of project objectives and maintain a continuous flow of informational updates to all levels of the project team and other stakeholders so that everybody aligns themselves towards those objectives. The investors are our biggest asset and we repay their faith in us with quality workmanship and timely delivery. Naresco has a proven track record and we are proud of their 3rd win as the last two projects which were awarded to Naresco are way ahead of their schedule.”

Mr. Abdul Karim Al Arif, General Manager, Naresco Contracting LLC said, “Winning the main contract for Danube’s Glitz residence 3 is a huge win for Naresco as it reinforces our commitment towards delivering quality and value in a fixed timeframe. Danube has put in a stringent evaluation and selection process; in the end to satisfy them on all levels just makes this win even sweeter and is in line with our projected growth.” 

The unwavering customer trust in the brand for over two decades has established Danube’s projects as the preferred choice across geographies. Danube’s first project Dreamz is well on schedule for delivery whereas other projects- Glitz 1, Glitz 2, Glitz 3 and Starz are all 4-5 months ahead of schedule. 

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