- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Danube Properties has awarded the contract for the main construction of Glitz 1 and Glitz 2 to Naresco General Contracting. The developer said work on both sites is four months ahead of schedule. A combined workforce of more than 500 people is expected to execute the construction work during peak season.
Atlas Foundation Co. was awarded the earthworks contract for Glitz 3, the latest instalment of the Dh300-million project in Dubai Studio City. Shoring and excavation work is scheduled to commence later this month. It offers 300 luxury apartments ranging from studios to three-bedroom apartments.
“Our aim to provide highquality modern accommodation in aesthetically pleasing surroundings is moving a step closer [to fruition],” said Chairman of Danube Group. “We will continue to appoint top-rated and reputable construction partners known for timely delivery and quality finish.
“We remain committed to establishing a solid reputation through our performance on all our construction sites.”
Glitz 1 and 2 are completely sold out, while Glitz 3 was launched in June with phases one and two sold out. Danube said it has a book value of Dh1.2 billion worth of successful projects with more than 157,935 sq m under construction.
“When investors make a financial commitment in off-plan property, it is very important that they are kept thoroughly informed about the progress being made on their property,” said Sajan.
Source: Property Weekly