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Officials at the signing ceremony in Dubai.

Danube awards construction contract for Business Bay project

DUBAI, December 12, 2018

Danube Properties has awarded a Dh190 million ($52 million) contract to RAQ Construction, a Dubai-based civil construction company, for the main construction works of its Bayz project located at a site in Business Bay overlooking Al Khail Road.

The Dh450-million ($122 million) Bayz project offers 456 fully-furnished apartments, ranging from studio, one and two-bedroom apartments.

The project is attractively located on a plot on Al Khail Road – a major highway in Dubai – located within close proximity to Burj Khalifa, the world’s tallest tower, said the developer in its statement.

The 29-storeyed project, launched in May 2017, is scheduled for delivery in 2021. This is Danube’s only project in Business Bay. The project has already been sold out to buyers and investors, it added.

Rizwan Sajan, the founder and chairman, said: "We have awarded contracts for 10 out of 11 projects launched so far. The awarding of this contract reflects our determination to deliver projects on time. It also strengthens our reputation as a developer that is committed to on-time construction and delivery."

"Of the 11 projects launched in just over four years, Danube Properties has delivered four of them to customers. This shows our customer-centric development approach," he added.

The Bayz tower comes with amenities including swimming pool, health club and a kid’s play area cum party hall. When delivered, each fully-furnished apartment will be accompanied with a modular kitchen, exquisite Spanish tiles, and top-notch finishes, said the developer.

Furthermore, every home will include a European technology enabled convertible sofa that makes way for a bed- tucked into the wall, it stated.

Atif Rahman, the director and partner of Danube Properties, said: "The latest construction contract raises our construction contract value to Dh1.59 billion across ten projects and reflects the character and reputation of Danube Properties. Our delivery-to-launch ratio is one of the best in the real estate development industry in the GCC and I would want to maintain that."

"As a quality-conscious developer, we are very selective in choosing the contractor to deliver customers’ dream home. 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," he added.

RAQ is a pre-designed, design and build and steel-structure turnkey main contractor specializing in executing construction projects of various categories. Established in 2013 as a main contracting company, RAQ Contracting is deemed to be engaged in diverse commercial, residential, recreational and other projects.

On the contract win, Rami Al Qaisi, the managing director, said: "We are very pleased to partner with Danube Properties in developing Bayz Tower. As a developer, Danube is very particular in every aspect of construction activities including choice of material, quality of construction, finishing, facilities, amenities and timely delivery."

"RAQ Contracting has gone through one of the most stringent contracting process and I am pleased to say, we have a shared vision in Bayz – to offer the best homes to the customers," he added.

The Dubai-based contractor has so far delivered 25 projects and has more than 700 people on its payroll.-TradeArabia News Service




Tags: Business Bay | apartments | Danube | UAE developer |

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