UAE-based Danube Properties said it has awarded the main contract for its Dh350-million ($95.2 million) Glitz 3 residential development in Dubai, UAE, to Naresco Contracting.

Located in Dubai Studio City, the project will offer a unique luxury lifestyle that today's young urban family expects in a green landscaped environment, said a statement from the developer.

Glitz Residence 3 has been designed keeping in mind the lifestyle comforts and contemporary convenience and  is expected to be completed by end of 2017, it stated.

Rizwan Sajan, the founder and group chairman, said: "The completion of a construction project in a timely manner is often a critical factor and measure of its success. When delays occur on construction projects, they can have serious consequences."

"Hence, we emphasise on a thorough understanding of project objectives and maintain a continuous flow of informational updates to all levels of the project team and other stakeholders so that everybody aligns themselves towards those objectives," he added.

On the new contract, Sajan said: "Naresco has a proven track record and we are proud of their third win, as the last two projects which were awarded to the company are way ahead of their schedule."

Abdul Karim Al Arif, the general manager, Naresco Contracting, said: "This is a huge win for Naresco as it reinforces our commitment towards delivering quality and value in a fixed timeframe."

"Danube has put in a stringent evaluation and selection process; in the end to satisfy them on all levels just makes this win even sweeter and is in line with our projected growth," he added.-TradeArabia News Service