Danube Properties has awarded a AED190 million ($51.7 million) contract to RAQ Construction for the main construction works of its Bayz project located at a site in Business Bay, Dubai.
The AED450 million Bayz project offers 456 fully-furnished apartments, ranging from studio, one and two-bedroom apartments.
The 29-storeyed project, launched in May 2017, is scheduled for delivery in 2021. This is Danube’s only project in Business Bay and has already been sold out to buyers and investors, the developer said in a statement.
“We have so far awarded contracts for ten out of 11 projects launched so far. The awarding of the construction contract reflects our determination to deliver projects on time,” said Rizwan Sajan, founder and chairman, Danube Group.
The Bayz tower comes with amenities including swimming pool, health club and a kid’s play area and party hall.
The latest construction contract raises Danube' total construction contract value to AED1.59 billion across ten projects.
RAQ Contracting has so far delivered 25 projects and has more than 700 people on its payroll.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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