Danube Properties, a UAE-based developer, has awarded a Dh149.5 million ($40.6 million) contract to Cast Construction, a Dubai-based contractor, for the main construction works of its residential project Jewelz located at Arjan, near Miracle Gardens.

The developer’s 10th housing project, Dh300-million ($81.6 million) Jewelz offers 463 residential units, ranging from studio, one and two-bedroom apartments. It is attractively located on a plot adjacent to the park with a private entrance leading to the property.

The project, which was launched this March, is scheduled for delivery in the first quarter of 2020.

The key amenities at the property 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, said a statement from Danube.

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 per cent space to open areas with an emphasis on greenery and landscapes, it added.

Rizwan Sajan, the founder and group chairman, 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," he noted.
 
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, he added.
 
Atif Rahman, the director and partner of Danube Properties, said the latest construction contract has raised its construction contract value to Dh1.4 billion across 10 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 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," stated Rahman.

"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," he added.
 
Yusra Saleh Al Yafei, the managing director of Cast Construction, said: "We have a proven track record of embarking and successfully accomplishing construction projects over the last two decades."

"Cast Construction has been in the construction business in the UAE for the last 10 years, with a network of offices in Dubai, Sharjah and Ajman. 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," he added.-TradeArabia News Service