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Danube Awards AED 185 Million Construction Contract for Glitz Residence 3 To Naresco Contracting LLC

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 Dreams 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.

 

About Danube Properties:

Danube Properties made a gallant entry into the property market, and declared legendary Indian cricketer Sunil Gavaskar as its brand ambassador. Danube Properties is the brainchild of Mr. Rizwan Sajan, Founder & Chairman, Danube Group; who after thorough research and careful planning with his team, combined with his personal entrepreneurial acumen, decided to form a realty division.

Danube, known for its supreme quality of construction material, equipment and home interior supplies, plans to successfully use its prestige and status as an industry leader to provide affordable yet superior-quality property developments, and the company is particularly trying to attract the mid-income section to be its buyers with the launch of Dreams, Glitz 1, Glitz 2 and Glitz 3 and more recently Starz.

With the entry of Danube Properties as a strong player in the market, the healthy competition has not only intensified, but also playing a role in reducing monopoly of the bigger builders and boost fair pricing and quality service. Dubai’s urban landscape is mushrooming with residential projects, which are fast getting purchased by customers. In the light of this market scenario, projects by Danube are immensely successful, and in turn help the company pursue its other plans.

All Danube Properties’ projects have enjoyed phenomenal success since their launch; the affordable prices and flexible payment plan offered, combined with the development’s convenient location and its wealth of ultra-modern facilities for 21st century living, has proved very appealing to buyers. Currently Danube Properties has an impressive book value of AED 1.5 billion worth of super successful projects with over 1.7 Million Sq Ft under construction.

 

About Naresco Contracting LLC:

M/s. Naresco Contracting LLC is a Limited Liability Company and a member of MANCO Investments located in Dubai, UAE, which was established in the year 1986 and is among one of the reputed and well known building construction companies in Dubai. Moreover, the company is registered and approved in Unlimited category with the department of economic development. The company is undertaking turnkey projects which includes high rise towers, multi-storied buildings, hotel and furnished apartments, luxury group villas, etc. The company has a specialized in-house divisions e.g. MEP, Joinery, Aluminum, Elevators, Post Tensioning System, Shoring/Piling, etc, capable of giving valued services to prospective clients

 

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