Danube Properties awards main construction contract for Jewelz to Cast Construction

• Danube awards Dh149.5 million contract to Cast Contracting to build the Jewelz project
• The combined value of Danube Properties construction contracts exceeds Dh1.4 billion
• Danube Properties delivered 831 residential units worth Dh1.12 billion including 171 townhouses within Dreamz project worth Dh500 million by March 2018
• Danube Properties portfolio exceeds Dh3.74 billion involving 4,744 units in 11 projects

Dubai: Danube Properties has awarded a Dh149.5 million contract to Cast Construction LLC, a Dubai-based civil construction company, for the main construction works of Jewelz, the developer’s tenth residential project to be built at Arjan, near Miracle Gardens.

The Dh300 million Jewelz project offers 463 residential units, ranging from studio, one and two-bedroom apartments. The project is attractively located on a plot adjacent to the park with a private entrance leading to the property.

The project, launched in March 2018, is scheduled for delivery in Q1 2020.

The amenities include a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, paddle tennis court and a high tech surveillance system for the protection and security of the residents.

The building design and architectural aesthetic was created to reinforce the design strategy of Danube, which helps maximise the living space while delivering convenience of community living. The project dedicates 50 percent space to open areas with an emphasis on greenery and landscapes.

Rizwan Sajan, Founder and Chairman, of the Danube Group, said: “As a developer we remain committed to the Dubai Real Estate market. Through our successful property launch and construction delivery we want to reinforce the belief in the real estate industry of Dubai which remains one of the most lucrative real estate investment opportunities worldwide. We are determined to deliver all our projects to our customers on time. The awarding of the main construction contract within seven months of the launch of the project reflects our strong commitment to our customers”

Following the commercial launch of properties and subsequent sell-out, Danube usually starts tendering for the construction of the project, before launching the next project.

 Atif Rahman, Director and Partner of Danube Properties, said, “The latest construction contract raises our construction contract value to Dh1.4 billion across ten projects. As a developer, our key objective is to deliver projects on time and with supreme quality and in most cases we have been successful in delivering deliver better than promised value in our real estate projects. In this endeavour the contractor becomes a key stakeholder and I ensure selection of the best available partner to deliver nothing less than the best. Backed by the phenomenal sales success I am extremely pleased that all our ongoing projects are strongly placed and progressing well with their respective construction. I am very confident that our partnership with Cast Contracting will set a new benchmark of construction quality.”

Yusra Saleh Al Yafei-Managing Director of Cast Construction LLC, said: “It is my utmost delight to be awarded Danube Properties Jewelz Project as the Main Contractor and certainly privileged to associate with Danube Properties. On this occasion I would like to extend my warm regards to Mr. Atif Rahman Director & Partner of Danube Properties for considering and selecting Cast Construction LLC. Cast Construction LLC has a proven track record of embarking and successfully accomplishing construction projects over the last 2 decades. I believe that construction is a “life time Experience” hence we ensure to build quality living for the people which will have lasting impact for decades to follow.

CAST Construction LLC has been in the construction business in UAE for the last ten years, with a network of offices in Dubai, Sharjah and Ajman.

>

-Ends-

About Danube Properties
Danube Properties, part of the Danube Group, made its foray in to the real estate market in June 2014, by launching the Dh500 million 171 townhouses at Al Furjan. Since then, it continued to expand its development portfolio by launching Glitz Residence I, II, III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz and Lawnz projects.

The company currently has a development portfolio of 3,680 units, with a combined value exceeding Dh3.14 billion. It is delivering about 830 units in 2017-18, with a combined sales value of Dh1 billion – or a third of its portfolio value.

About Danube Group
Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is the known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength-to-strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella.

In 2015, the company recorded a turnover of Dh5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12^th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.

The company provides more than 25,000 products in stock and in-house value added services in all of its multiple set of showrooms across the Middle East region and India. The company operates from its head offices in JAFZA with logistics facilities across the region which amounts to 5.5 million square feet and includes kiln drying facility, factory and warehouses of the group.

From a small trading firm, Danube has grown into one of the largest building materials company in the region, with its diversified branches worldwide including UAE, Oman, Bahrain, Saudi Arabia, Qatar and India, in addition to procurement offices in China and Canada. Danube has a team of more than 1,800 people working across strategic locations across the GCC and India.  

Among its flagship companies, Danube Home – the Home Interior Retail arm – has showrooms in major shopping malls across the region and in India. In UAE it has showrooms in Sheikh Zayed Road, Dubai Festival City, Bawadi Mall – Al Ain, Abu Dhabi and standalone outlets in RAK, Fujairah and Abu Dhabi as well. In Oman we have 5 showrooms (Salala, Nizwa, Sohar, Baraka and Al Khuwair). Danube Home has a showroom in Bahrain – Salamabad as well.

For further information, kindly contact:
Nazneen Kassabwala
Danube Properties Head Office
Sheikh Zayed Road, P.O. Box 113806, Dubai UAE
Tel       : + 971 4 312 270
Fax       : + 971 4 399 8222
Cell      : +971 56 5369952
Email   : pa@danubeproperties.ae
Web     : www.danubeproperties.ae 

© Press Release 2018