High Demand From Indians Propels Danube Properties To Launch Dh900 Million Project In Dubai; Residential units starts from Rs 1.45 Crore

Dubai: Danube Properties (a part of the Danube Group), the fastest-growing private real estate developer in the UAE, announced the launch of Elitz 2 at the Jumeirah Village Circle (JVC), with a development value exceeding Dh900 million in the presence of Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade and Bollywood diva Malaika Arora.

Danube Group, a diversified business conglomerate, was launched by Rizwan Sajan, one of the  Top Indian Leaders in the UAE'.

Danube Home, from Danube Group, is one of the largest home decor retailers in the GCC with a growing footprint across the region, including India with three showrooms spread across Bengaluru and Hyderabad.

Elitz 2 is the 23rd residential project by Danube Properties in the past 9 years since the company started development activities in 2014 and the 8th project in a row to be launched in the last 16 months, that translates to one project launches in every two months -- making it also the busiest private real estate developer in the UAE.

Danube Properties maintains a policy of launching one project at time, sell it out, then appoint a contractor to build the project, before launching the next one. It has so far sold out 22 of the 23 projects launched so far and delivered 12 of them while the rest are currently under various stages of construction.

The project will have smart and sustainable homes that consume less energy and comply to green building standards that is in line with the UAE's commitment to sustainability. Danube Properties offers homeowners 10-year Golden Visa -- especially those who qualify as per the investment criteria -- subject to government approval. The Dubai Land Department recently signed an agreement with Danube Properties to offer Initial Sale Contract (Oqood) to property buyers almost instantly.

Rizwan Sajan, Founder and Chairman of Danube Group, said: "The launch of Elitz 2 is in response to the continued high demand for quality homes and comes within less than two months of launching of Fashionz project which is nearly sold out. Elitz 2 is one of our large projects in terms of the number of residential units   750 to be specific -- that is to cater to the growing demand. With a more than 40 lifestyle facilities homes in Elitz 2 offer luxury and larger-than-life lifestyle to homeowners who will be pampered with the best of the best that is available in the market."

Elitz 2 will be near Elitz 1 tower -- which is currently under construction -- and will help meet the growing demand for quality homes at prime locations. Launched in 2022, Elitz 1 witnessed investment from over 40 per cent Indians. When completed in the third quarter of 2026, Elitz 2 will deliver 750 residential units including studio apartments, 1-bedroom, 2-bedroom and 3-bedroom apartments and a few retail stores.

Like most other Danube projects, homes at Elitz 2 will also come with more than 40 amenities including health and lifestyle amenities and a health club, swimming pools, sports arena, tennis court, barbecue area, jogging track, among other facilities.

Prices of residential units starts from Dh650,000 (Rs 1.45 Crore) for a studio apartment. However, prices of the units will continue to appreciate with time, making them worth investing in. Danube Properties' homes come with attractive and trend-setting 1 per cent payment plan, following the initial deposits   making home acquisition more affordable and simple.

The homes are usually delivered around mid-way of the payment plan, which means the buyer can move in the apartment after paying 60 per cent of the total value of the property. This helps homeowners to extract additional value either by increase savings on the rents or by paying the equated monthly instalments (EMI) from the rental income.

"The launch of Elitz 2 comes within a week after we completed Wavez and breaking grounds for the construction of Viewz -- one of our largest projects -- with sales value exceeding Dh2.05 billion that was unveiled in January and sold out within two weeks. This marks the construction of Viewz while the last project Fashionz will go into groundbreaking process in the next few weeks. As a developer, we have a very customer-centric approach and that's why we are focused on delivery. Most of our projects are handed over before promised delivery date -- that reflects our strong commitment to home buyers and investors in line with our slogan -- We launch, we deliver," Rizwan Sajan added.

As one of the most successful developers in the UAE with the highest launch-to-delivery ratio, Danube Group has recently delivered Bayz, Glamz, Starz, Resortz, Elz, Lawnz and Wavez while it prepares to deliver three more projects this year.

All these projects have been greatly appreciated by those who had bought units in them.