Danube Properties awards Dh381 million worth of construction contracts

Atif Rahman, director of Danube Properties.
Updated 30 December 2017
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Danube Properties awards Dh381 million worth of construction contracts

Danube Properties, a major Dubai-based property developer, has awarded five construction contracts with a combined value exceeding Dh381 million in — a year it started delivering homes — part of the Dh2.84 billion portfolio.
These contracts include a Dh221 million main construction agreement recently awarded to Naresco Contracting LLC to deliver Miraclz Tower near Miracle Gardens at Arjan that will host 599 units including 591 apartments. The 28-month contract will see the project delivered by the end of 2019.
Owned by Abdulla Abdulkarim Al-Arif, Naresco Contracting LLC has been in the construction industry since 1986. A member of Abdulla Al-Arif Investment, Naresco is now in the process of completing Glitz Residence 3 for Danube which is getting ready for handover in a few weeks’ time.
Danube Properties has also awarded a Dh146 million contract for the main construction package for the Resortz project to Dubai Walls Construction.
The 17-month contract will see the project ready for occupancy by the second quarter of 2019. Resortz will host 444 units including 419 apartments, 25 retail outlets, landscaped environment that appears more like a five-star resort, than a residential compound.
Prior to that, Danube Properties has awarded a Dh10 million piling and shoring contract to Atlas Foundation for Miraclz Tower and a further Dh4 million piling and shoring contract for Resortz project.
Atif Rahman, director and partner of Danube Properties, said: “These construction contracts reflect our deep commitment to our largest stakeholders — our valuable property buyers and investors — who have put their trust and hard-earned life savings in our projects to receive the keys to their dream homes.
“Since launching its first project in 2014, Danube Properties has been able to deliver two projects involving 302 residential units, worth Dh270 million — part of the company’s Dh2.84 billion-strong portfolio.
In the next few weeks, we are preparing to deliver 525 residential units, including 171 townhouses and 354 apartments.
“As a committed property developer, we see ourselves as a custodian and responsible for the delivery of their dream home on time and with the promised quality and facilities. Construction contracts are part of the process and we try to constantly challenge ourselves on timely delivery and with quality beyond the buyers’ expectations.
“We work for our stakeholders — our buyers — and there is nothing like seeing the smile of a happy customer. We strive to achieve that.”
Danube Properties, part of the diversified conglomerate Danube Group, has launched nine residential projects, of which two have been delivered, two are getting ready for delivery while four others are at various stages of construction and one in tendering stage.
The company has one of the fastest development-to-delivery ratio in the region’s real estate market where timely delivery of properties remains a major challenge. That way, Danube Properties’ performance in construction and delivery is helping strengthen buyers’ trust in real estate.


Bosch opens flagship store in Jeddah

Updated 16 February 2019
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Bosch opens flagship store in Jeddah

European home appliances brand Bosch has opened its flagship store in the Kingdom. The showroom, located in the heart of Jeddah, was recently inaugurated in the presence of Holger G. Ziegeler, the German consul general in Jeddah. 

Spread across 300 square meters of built-up area, the new Bosch store makes room for a product display ranging over 100 different appliances and models, all designed by German engineers. 

The showroom follows a two-story structure, with the ground floor dedicated to product showcases according to themes and categories. 

It hosts a welcome area, a brand heritage and innovation wall along with areas dedicated to kitchen inspiration, cooling, laundry, cooking and baking. The floor above makes room for a live cooking area and a “Perfect Kitchen” concept. 

“Our new flagship store strengthens our brand presence in the Saudi market and complements our existing network of outlets — which are currently in shop-in-shop forms,” said BSH Home Appliances CEO Tomas Alonso.

He added: “This purpose-built space will help us deliver the quality, innovation, design intelligence and efficiency that Bosch stands for. Bosch prioritizes innovation in the service of a healthy balanced life, and I look forward to people exploring the concept themselves in this beautiful new space.” 

The showroom will also showcase the strides Bosch is making toward intelligent eco-friendliness, where appliances reduce their energy and water footprints. Consumers not only give back to the environment but also save costs through reduced utility bills. 

The store, operated by Bosch Home Appliances Saudi Arabia distributor and partner Abdul Latif Jameel Electronics, also serves as a logistics hub for Bosch products across the Kingdom.

“Bosch products have proved very popular with Saudi households thanks to the brand’s association with quality, trust and excellent design. Bosch products are invented for life, with the goal of making life noticeably easier, healthier and more balanced. We are proud to be exclusive partners and distributors of Bosch in the Kingdom, and are delighted to be able to welcome customers to a new, easily accessible location,” said Hisham Hamza, CEO of Abdul Latif Jameel Electronics.

The showroom is open from 9 a.m. until 9 p.m., Saturday to Thursday.

BSH Bosch und Siemens Hausgeräte GmbH is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. 

The group was founded in 1967 as a joint venture between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich). Today, BSH operates 40 factories in 13 countries in Europe, the US, Latin America and Asia.