Danube Properties' Miraclz to achieve delivery in December

EXCLUSIVE: Director and partner, Atif Rahman, told CW that the company also achieved delivery on Glamz in August

Miraclz
Danube Properties
Miraclz

UAE real estate developer Danube Properties aims to achieve delivery on its Miraclz project in December, director and partner, Atif Rahman, shared exclusively with Construction Week.

In an interview with Construction Week, Rahman added that Danube Properties' Glamz project marked delivery in the month of August. 

In terms of project deliveries, Rahman said that the upcoming year will host an exciting pipeline. "In addition, towards the end of 2020 we might launch something unique for the market," he hinted.

Danube Properties has evidently had a strong business year, contrary to common market sentiment. The company achieved completion on its $81.7m 444-unit Resortz project in January; launched the $108.9m Olivz residential project in March; and marked delivery completion on its $81m Glamz project in August.

"We did not stop our business functions for a single day during the lockdown; we remotely operated the entire business. We completed Resortz recently and found a new way to complete the handover, by doing so digitally. In fact, at the end of August, Danube Properties reported a rise in sales by 27% month-on-month," Rahman told Construction Week.

In terms of employee headcount, Danube Properties reported an increase by more than 31% in H1 20, to 250 by July 2020 from 190 in January 2020.

The company currently has a development portfolio of 6,194 units, with a combined value exceeding $1.22bn (AED4.5bn).

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