Saturday, March 23, 2019 3:07 AM

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Danube Properties raises portfolio value to Dh3.14 billion with new project, Jewelz

Danube Properties, one of the fastest growing real estate developers in Dubai, on Wednesday launched Jewelz – the developer’s 10th residential project that will add 463 apartments with a development value exceeding Dh300 million and raise its overall development portfolio to 3,628 units worth Dh3.14 billion in less than four years.

The Dh300 million project offers 463 residential units, ranging from studio, one and two-bedroom apartments. Construction of the project is expected to start in three months with completion scheduled at March 2020. It offers more than 15 percent return on investment to property buyers who wish to rent the unit out, officials said.

The project is attractively located on a plot adjacent to the park with a private entrance leading to the property. The amenities include a fully equippedhealth club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, paddle tennis court and a high tech surveillance system for the protection and security of the residents.

The building design and architectural aesthetic was created to reinforce the design strategy of Danube, which helps maximize the living space while delivering convenience of community living. The project dedicates 50 percent space to open areas with an emphasis on greenery and landscapes.

The developer, which delivered 302 units in its Glitz 1 and 2, is getting ready for the handover of Dreamz villas and townhouses and Glitz 3 project later this month, part of the Dh1.5 billion worth of projects to be delivered this year.

Rizwan Sajan, Founder and Chairman, of the Danube Group, said: “I am extremely proud to announce our 10th project Jewelz next to Miracle garden at Arjan. This project is launched with a refined Customer in mind, offering luxury living at an affordable price and 15% returns on your total investment along with our benchmark 1 percent monthly payment plan. We have ensured the best value is offered in terms of price, facilities and services etc. The project reflects our continued commitment and confidence in the market and ultimately our endeavour to create a better quality of life for our Customers.”

Referring to the real estate market, he further added: “Dubai is a lucrative and transparent market when it comes to investment. You will get the highest return on investment, high capital appreciation, and ease in doing business and strong economic growth. In addition to, low property prices, excellent rental yields, investor-friendly payment plans and the best cosmopolitan atmosphere. The current property prices are in favour of those who want to buy their own home. It is cheaper for a person to buy a property in Dubai than to rent one, especially if they are planning to settle in the country long term”.

Danube Properties, part of the Danube Group, made its foray in to the real estate market in June 2014, by launching the Dh550 million 175 Townhouses under Miraclz at Al Furjan. Since then, it has continued to expand its development portfolio by launching hugely successful projects including Dreamz, Glitz Residence I, II & III, Starz Tower, Glamz Residence, Miraclz Tower, Resortz Residence and Bayz Tower. All of the projects by Danube Properties have enjoyed phenomenal success since their launch. The affordable prices and flexible payment plan offered, combined with the development’s convenient location and a wealth of ultra-modern facilities for 21st-century living, has proved very popular among buyers.

Atif Rahman, Director and Partner of Danube Properties said, “I am pleased to launch our latest project today. This takes our portfolio to Dh3.14 billion reinforcing our presence in the industry. I reiterate that as company we have remained focused on two things “what we deliver” and “when we deliver” with detailed attention to the process more than the result. I want to assure everyone that as a builder we go beyond the top line or the margins we make and we are driven by the Customer satisfaction. There has been continued increase in interest from people looking to invest in affordable home and we promise to offer the best in its class asset in this segment. We carefully design our projects to meet end-users needs and deliver a community lifestyle, evidence of which can be seen at our recently delivered projects. I also want to highlight that alongside the brand credibility, excellent location & design at extremely competitive prices, Danube Properties empowers its Customer by offering a convenient payment plan which helps them build their home.”

Danube Properties has successfully maintained one of the fastest launches to delivery ratio, with a clear focus on delivering supreme quality at the most affordable price.