Danube Properties launched eight projects in 16 months while it prepares to deliver three projects with 1,303 apartments this year
Date: Dubai, UAE, June 22, 2023
Danube Properties, 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 His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade and Bollywood superstar Malaika Arora.
The project will be near Elitz 1 tower – which is currently under construction – and help meet the growing demand for quality homes at prime locations.
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 for the community, 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 (US$177,111) for a studio apartment. However, prices of the units will continue to appreciate with time, making them worth investing in. Danube Properties’ homes comes with attractive and trend-setting 1% 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 percent 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.
Elitz 2 is Danube Properties’ 23 residential project in 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.
In addition to launching projects and building them, Danube Properties will also deliver three projects this year including Wavez, Jewelz and Olivz. Most of the projects launched in 2022 and 2023 are ahead of the construction and delivery schedule.
“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,” Rizwan Sajan, Founder and Chairman of Danube Group, said.
“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.
“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”.
Elitz 2 homes will be smart and sustainable homes and will consume less energy – in line with the UAE’s commitment to sustainability. The building will also comply to green building standards.
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.
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.
Danube Project Development Factsheet
|No||Danube Projects||Residential Units||Sales Value||Status|
|1||Dreamz||171 Townhouses||Dh500 million||Delivered|
|2||Glitz Residence I||151 Units||Dh132 million||Delivered|
|3||Glitz Residence II||151 Units||Dh136 million||Delivered|
|4||Glitz Residence III||358 Units||Dh350 million||Delivered|
|5||Starz Tower||454 Units||Dh289 million||Delivered|
|6||Glamz Residence||426 Units||Dh270 million||Delivered|
|7||Miraclz Tower||599 Units||Dh400 million||Delivered|
|8||Resortz Residence||444 Units||Dh300 million||Delivered|
|9||Bayz Tower||463 Units||Dh468 million||Delivered|
|10||Jewelz Residence||463 Units||Dh300 million||Delivering soon|
|11||Lawnz Residence||1,063 Units||Dh550 million||Delivered|
|12||Elz Residence||275 Units||Dh130 million||Delivered|
|13||Wavez Residence||434 Units||Dh200 million||Delivering soon|
|14||Olivz Residence||411 units||Dh200 million||Under Construction|
|15||Skyz Residence||829 units||Dh487 million||Under Construction|
|16||Pearlz By Danube||302 units||Dh300 million||Under Construction|
|17||Gemz By Danube||279 units||Dh364 million||Under Construction|
|18||Opalz By Danube||575 units||Dh525 million||Under Construction|
|19||Petalz By Danube||350 units||Dh280 million||Under Construction|
|20||Elitz Towers||581 units||Dh550 million||Under Construction|
|21||Viewz Towers||1,132 units||Dh2.05 billion||Ground Broken|
|22||Fashionz||803 units||Dh1 billion||Launched|
|23||Elitz II||750 units||Dh900 million||Launched|
|Total 23 Projects||11,464 Units||Dh10.68 billion||Construction/Delivery|
About Danube Properties
Danube Properties, part of the Danube Group, made its foray into the real estate market in June 2014, by launching the Dh500 million 171 townhouses at Al Furjan. Since then, it continued to expand its development portfolio by launching Glitz Residence I, II, III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz, Elz, Lawnz, Wavez, Olivz, Skyz, Pearlz, Gemz, Opalz, Petalz, Elitz I, Viewz, Fashion and Elitz 2 projects.
The company currently has a development portfolio of 11,464 units, with a combined value exceeding Dh10.68 billion. It has so far delivered 4,555 units with a combined sales value of Dh3.63 billion and 1,308 units will be delivered in 2023.
For additional information on Danube Properties, visit: www.danubeproperties.ae
About Danube Group
Danube Group is a Dubai-based diversified business conglomerate with interests in building materials, home décor and real estate development. Established in the year 1993 by Founder and Chairman Rizwan Sajan – a UAE-based entrepreneur – Danube Group has achieved US$1.3 billion (Dh5 billion) annual turnover in 2019.
The group’s flagship company, Danube Building Materials FZCO, it is the largest supplier of quality building materials in the Gulf Cooperation Council (GCC) countries. It provides more than 25,000 products in stock and in-house value-added services in all its multiple set of showrooms across the Middle East region and India.
The company operates from its head offices in JAFZA with logistics facilities across the region which amounts to 5 million square feet and includes kiln drying facility, factory, and warehouses of the group.
From a small trading firm, Danube has grown into one of the largest building materials’ companies in the region, with its diversified branches worldwide including UAE, Oman, Bahrain, Saudi Arabia, Qatar, and India, in addition to procurement offices in China and Canada.
Danube Home is one of the largest home décor retailers in the GCC with a growing footprint across the region. Danube Properties is one of the largest private real estate developers in Dubai with a portfolio 6,194 units in 14 projects, worth Dh4.5 billion. It has delivered 7 out of the 14 projects in six years.
Danube Group employs more than 4,200 people across the GCC and India, representing 44 nationalities.