UAE's Danube awards $40m deal to build Jewelz project

Danube Properties awards contract to Cast Construction to build its residential project Jewelz in Dubai
UAE's Danube awards $40m deal to build Jewelz project
In June, Danube said that 85 percent of its recently-launched Jewelz project has sold out within two months of its market debut.
By Sam Bridge
Sat 24 Nov 2018 03:25 AM

UAE-based developer Danube Properties has awarded a AED149.5 million ($40.6 million) contract to Cast Construction to build its residential project Jewelz located at Arjan, near Miracle Gardens, Dubai.

The developer’s 10th housing project, the AED300 million project offers 463 residential units, ranging from studio, one and two-bedroom apartments.

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

Key amenities at the property include a health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court and paddle tennis court.

In June, Danube said that 85 percent of its recently-launched Jewelz project has sold out within two months of its market debut.

The developer said investors have snapped up 393 units of the 463 apartments.

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