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DANUBE, DMCC Unveil Mega Residential Project At JLT

Danube Properties and DMCC partner to launch USD 545 million residential project in thriving JLT district

Danube Properties has partnered with Dubai Multi-Commodities Centre (DMCC) the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise –  to bring a new residential project to its prime location of JLT, the uptown community.

The 65-storey twin towers will bring 1,200 new residential units to JLT across a built-up area of 1.7 million square feet, representing a development value of approximately USD 545 million (AED 2 billion).

“As a rapidly expanding private real estate developer in the UAE, we are constantly seeking prime plots in strategic development zones,” said Rizwan Sajan, Founder and Chairman of Danube Group. “This partnership with DMCC empowers Danube Properties to enhance the appeal of our upcoming project, providing an opportunity for investors and homebuyers to capitalise on future value appreciation, thanks to JLT’s attractive location and the support of DMCC.”

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “Demand for premium residential property across the JLT community is higher than ever, as we have seen with the resounding success of Viewz, our first project with Danube Properties which is fully sold. Boasting a community of over 100,000 people, JLT has become one of the most popular districts in Dubai thanks to its truly complete offering for visitors, businesses, and residents. We’re proud to partner with Danube Properties for a second time as we continue to shape and drive the transformation of JLT and enhance the high-quality residential offering for our expanding community.”

Currently in the design phase, the new residential towers will sit adjacent to DMCC’s Uptown Dubai district, bolstering JLT’s status as one of the most popular mixed-use communities in the emirate.

This comes after successfully selling out two towers of the luxurious project – Viewz in JLT, launched in January 2023. Danube Properties recently launched Bayz101 which will be one of the world’s tallest 25 towers, exceeding the 100-level landmark in the world and reinforcing Dubai’s reputation as the City of Skyscrapers. Danube Properties now stands strong with a portfolio of 28 projects and 16,234 units.

Throughout 2023, DMCC partnered with five leading property developers to bring six exciting commercial and residential real estate projects to its JLT and Uptown Dubai communities. The continuous development of its districts is a key priority for DMCC as it attracts record numbers of new companies to Dubai through its unparalleled business ecosystems and residential communities. DMCC currently accounts for 11% of the foreign direct investment (FDI) to Dubai.

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Danube Adds Sportz, Eleganz

Danube Properties expands its portfolio with two new major projects, Sportz and Eleganz, featuring both off-plan and ready-to-move-in properties. Sportz is set to boast the highest number of sports amenities in any residential building across the Middle East…reports Asian Lite News

Danube Properties is entering the realm of ready-to-move-in properties, offering investors and home buyers an opportunity to capitalize on elevated returns with minimal initial payments, all while enjoying a sophisticated lifestyle. During a Dubai event, Danube Properties introduced Sportz, an elegant 39-floor tower featuring 1,100 apartments in Dubai Sports City. Additionally, they unveiled their inaugural ready-to-move-in project, Eleganz, which will present 259 stylish and refined apartments and townhouses in the Jumeirah Village Circle.

Sportz is the 27th project announced by the developer since entering the real estate market in June 2014, and the 12th project to be unveiled in the last 22 months. The announcement came after completely selling out two out of three towers of the Oceanz project, announced in September this year. Sportz is Danube Properties’ 7th project so far this year.

Dubai Fitness Month, championed by His Highness Sheikh Hamdan bin Mohammed Al Maktoum, encourages Dubai residents to prioritize their health and well-being. Fazza’s vision to create a fitness-focused community, motivating people to lead active, healthy lives, and fostering a culture of wellness and vitality in the city, is one of the key reasons for nudging Danube Properties to build a community like Sportz.

Sportz by Danube sets a new benchmark in real estate projects with unrivaled sports amenities; featuring an Olympic-sized lap pool, trampoline area, table tennis, wall climbing, and a sky jogging track, it offers an unmatched recreational experience. In addition to this, Sportz will also offer mentoring and coaching as one of the amenities. This project will exemplify Danube Properties’ commitment to an active, vibrant lifestyle for the residents of Dubai.

At Eleganz, customers can book the property by making a 40% down payment and paying the rest 1% monthly. They can start generating a guaranteed 6% ROI from the fully-furnished properties, almost instantly. This is Danube Properties’ first ready-to-move-in project to be put on the market.

With these two new projects, Danube Properties’ project portfolio will stand at 14,888 units spread across 27 projects, with a combined development value exceeding Dh 15.47 billion so far.

“The twin launches reflect a strong commitment of Danube Properties to the UAE economy, which is one of the fastest-growing economies in the region,” Rizwan Sajan, Founder and Chairman of Danube Group, said. “Real estate is still one of the most lucrative and sustainable asset classes for investors who want to make the best use of the asset that offers a high return on investment.”

“With Eleganz, we tested the ready-to-move-in market segment while all other projects have been on the off-line market. This reflects our ability to build and deliver projects with our financial resources and makes Danube Properties one of the most sustainable developers in this part of the world.”

All Danube Properties’ homes come with a trend-setting 1 percent monthly payment plan and 40+ amenities, following the initial deposits – making home acquisition and possession more affordable and attractive.

In addition to launching projects and building them, Danube Properties will also deliver two projects this year including Jewelz, and Olivz. Also, most of the projects launched in 2022 and 2023 are ahead of the construction and delivery schedule.

“Homes at Sportz will take lifestyle to a completely new level with state-of-the-art Sports amenities like never before that will offer a luxury and larger-than-life lifestyle to homeowners who will be pampered with the best of the best that is available in the market,” Rizwan Sajan says.

Apartments within Sportz and Eleganz will be smart and sustainable homes and will consume less energy – in line with the UAE’s commitment to sustainability ahead of COP28. Danube Properties offers an instant initial sale contract on-site and also a 10-year Golden Visa – especially for those who qualify as per the investment criteria – subject to government approval.

As one of the most successful developers in the UAE with the highest launch-to-delivery ratio, Danube Properties has delivered Bayz, Glamz, Starz, Resortz, Elz, Lawnz, and Wavez while it prepares to deliver two more projects this year. All these projects have been greatly appreciated by those who have bought units in them.

Danube Properties Dubai is a leading property developer in the UAE. With timely delivery and unparalleled quality, Danube Properties has become synonymous with owning a home in Dubai.

Danube Properties is a part of the Danube Group, which has been responsible for building the foundation of Dubai since 1993. Danube Properties made its foray into the real estate market in June 2014. Since then, it continued to expand its development portfolio by launching Glitz Residence 1, 2, 3, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz, Elz, Lawnz, Wavez, Olivz, Skyz, Pearlz, Gemz, Opalz, Petalz, Elitz 1, Viewz, Fashionz, Elitz 2, Elitz 3, and Oceanz projects. The company has a development portfolio of 13,529 units, with a combined value exceeding Dh 10 billion.

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Business Dubai UAE News

Danube Allocates AED 25 Million to Support MBRGI Programs

Danube Properties becomes the first developer in the region to allocate real estate units worth AED 25 million to support MBRGI programs

Danube Properties announced it is allocating real estate units at a value of AED 25 million in support of charity and humanitarian programs carried out by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).

Danube pledged to allocate real estate units over the next five years to support programs launched by MBRGI, the largest foundation of its kind locally and regionally, which aims to support vital sectors in relevant countries, and find solutions for cultural, knowledge, economic, social, health, environmental and humanitarian challenges. This is the first contribution of its kind for any real estate developer in support of MBRGI’s property endowment projects.

Mr Rizwan Sajan, Founder and Chairman of Danube Group, said: “It is an honor to be able to support the projects and programs of Mohammed bin Rashid Al Maktoum Global Initiative, which stand for humanitarian unity and establish values of social solidarity within the Emirati community.

“Our contribution reflects our commitment to support humanitarian initiatives, as we are keen to put our social responsibility into practice and stand behind philanthropic efforts launched by the UAE to leave a positive impact through sustainable projects.

“We, at Danube Group, believe our support as repayment to the country that welcomed us and helped us grow and prosper. It reflects our belief in the role of business in driving sustainable development and enhancing quality of life,” he added.  

Positive Impact

Dr. Abdulkareem Sultan Al Olama, CEO of MBRGI, noted that, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, MBRGI has made a positive impact in the lives of 102 million people across 100 countries around the world during 2022.

“Sustainable projects and programs launched and implemented by MBRGI are a model for giving and generosity, and a reflection of the UAE’s impactful humanitarian role,” he said, praising the contribution of Danube Properties which will help achieve MBRGI’s objectives of tackling humanitarian, social and developmental challenges around the world.

During 2022, MBRGI has spent a total of AED 1.4 billion on various initiatives and programs, implemented by 35 organizations working under its umbrella.

ALSO READ: Dubai Hosts ‘Road to COP28’ for MENA Climate Action

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Business Dubai UAE News

Danube Strike Deal With DLD

Dubai-headquartered Danube Properties and the Dubai Land Department have signed an agreement to provide customers with the convenience of instant onsite processing for the Initial Sale Contract (Oqood). This groundbreaking collaboration will position Danube Properties as one of the pioneering real estate developers capable of facilitating the immediate creation of Initial Sale Contracts on-site….reports Asian Lite News

Danube Properties signed an agreement with Dubai Land Department to deliver on-site Initial Sale Contract (Oqood) almost instantly. This groundbreaking collaboration will position Danube Properties as one of the pioneering real estate developers capable of facilitating the immediate creation of Initial Sale Contracts on-site. 

 Once the necessary processes are completed, Oqood will be delivered instantly to Danube property buyers as compared to a longer standard process – saving time, hassle, and steps for investors – offering the highest level of customer happiness.

The agreement reflects Dubai Land Department’s growing confidence and trust in Danube Properties – which has emerged as one of the fastest-growing real estate developers having launched and sold six projects in a year from January 2022.

The move comes as Dubai Land Department – Real Estate Registration Sector – strengthens its service delivery to real estate buyers and will go a long way in strengthening investor confidence in Dubai’s real estate sector which has seen property transaction value jump 76.5 percent to Dh528 billion last year, compared to Dh300 billion in 2021.

Majid Saqr Abdullah Al-Marri, Chief Executive Officer of Real Estate Registration Sector at Dubai Land Department, said, the move is in line with Dubai Government’s vision to offer the best and most seamless customer experience in real estate.

“Dubai Land Department has been improving ways to make property transactions seamless and more efficient with the use of the latest technologies. This agreement with Danube Properties reflects our willingness to take our services to the customers’ doorsteps and fingertips. Instead of property buyers coming to us, we are going to them – through real estate developers – at their offices,” he, said.

“This is in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council – who are constantly guiding us to innovate, evolve and excel in our service delivery to strengthen the customer experience.”

Rizwan Sajan, Founder and Chairman of Danube Group, expressed his gratitude to His Excellency Sultan Butti Bin Majren and Dubai Land Department for extending such facilities to Danube Properties.

“In other countries, developers and property buyers spent days and months to secure a property title deed due to cumbersome processes. The government and Dubai Land Department have remained at the forefront of government service innovation that simplifies government processes by delivering the services at our fingertips.”

“This new landmark initiative reflects the forward-looking and proactive vision of the Dubai Land Department to reach out to the property buyers and developers – who can now get their Oqood registered onsite and almost instantly. This is unheard of in this part of the world and makes Dubai Land Department one of the smartest land registries in the world.”

Danube Properties launched six projects, worth Dh3.42 billion from January 2022 to January 2023. The developer’s current development portfolio includes 22 projects and 10,713 units, with a combined sales value exceeding Dh10 billion.

In 2023, the developer launched two large residential projects in association with two luxury brands. The recently launched Fashionz is Dubai’s first FashionTV branded residence. In January, it launched and sold out the iconic Dh 2.05 billion project – Viewz at the Jumeirah Lakes Towers (JLT). The project will come with Aston Martin furnishings and will redefine luxury living through. In 2023 only, Danube Properties has already launched two luxury residential projects in just 4 months.

Danube Properties offers homeowners a 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval. As one of the most successful developers in the UAE with the highest launch-to-delivery ratio, Danube Properties has recently delivered Bayz, Glamz, Starz, Resortz, Elz, and Lawnz while it prepares to deliver three more projects this year.

Recently, Danube Properties unveiled Fashionz, a FashionTV-branded residential project. Located in the heart of Dubai, Fashionz by Danube is a luxurious residential tower featuring 700+ apartments spread over 65 floors. Each apartment is designed to embody the sophistication and glamour associated with the extravagant FashionTV brand. Fashionz is Danube’s commitment to affordable luxury for the residents of Dubai with apartments starting at Dh 850,000.

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, Gemz, Opalz, Petalz, Elitz, Viewz, and Fashionz projects. The company currently has a development portfolio of 10,713 units, with a combined value exceeding Dh10 billion. It has so far delivered 4,555 units with a combined sales value of Dh3.63 billion.

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ALSO READ: Danube Unveils Fashionz

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Dubai Fashion UAE News

Danube Unveils Fashionz

Dubai-based Danube Properties unveils the region’s first Fashion TV-branded 65-floor residential tower with 700+ apartments…reports Asian Lite News

Dubai-based Danube Properties opened another chapter in the realty sector in the region. At a crowded they unveiled Fashionz, a luxurious residential tower featuring 700+ apartments spread over 65 floors. Each apartment is designed to embody the sophistication and glamour associated with the extravagant FashionTV brand.

“Fashionz is Danube’s commitment to affordable luxury for the residents of Dubai with apartments starting at Dh 850,000,” said Rizwan Sajan, Founder and Chairman of Danube Properties

“We are thrilled to collaborate with FashionTV for Fashionz,” he added. “We wanted to bring glamour and luxury fashion into real estate. After all our homes are an extension of who we are and where and how we live should reflect our lifestyles too. We wanted to offer this aspirational glamour to our buyers who are fond of all things luxurious but also affordable. The worldwide recognition and appeal of FashionTV will complement Danube Properties’ vision to establish an ultra-fashionable residential tower that will stand out on its own and be a remarkable addition to the iconic Dubai skyline.”

Michel Adam, Founder of FashionTV, said: “I am thrilled to see FashionTV partnering with Danube Properties to create Fashionz in Dubai. I believe this project will perfectly reflect our brand’s values and aesthetics. I can’t wait to see the final result and invite everyone to join our upcoming launch party, a true FashionTV-style celebration!”

“Partnering with Danube Properties to create Fashionz has been a natural fit for us,” said FashionTV CEO, Maximilian Dennis Edelweiss. “Our brand is all about luxury, elegance, and beauty, and we believe that Fashionz will embody those qualities, creating a truly unique living experience for our residents.

“Danube Properties has always been committed to designing homes that inspire and delight its customers. We are confident that Fashionz will surpass the expectations of our valued buyers, as it reflects our unwavering dedication to excellence,” said Anis Sajan, Vice Chairman, Danube Group, Dubai.

Fashionz will be located in Jumeirah Village Triangle and is poised to become a highly sought-after address for discerning buyers seeking a lavish lifestyle in Dubai. This iconic tower is designed to cater to a diverse, international clientele who value opulence and the inimitable FashionTV brand.

Fashionz by Danube and FashionTV will feature world-class amenities, including a FashionTV gym, a FashionTV rooftop bar with a swimming pool, FashionTV restaurants, and FashionTV cafes, to cater to the needs of the residents. Fashionz will have over 40 facilities and amenities like never before including a Zumba and dance studio, meditation zone, trampoline park, fashion ramp, padel court, gazebo, skating rink, outdoor chess, fashion school, outdoor cinema, table tennis, a cigar room, a Japanese garden, a business center with meeting space, a doctor on call, and a snooker zone among others.

Danube Properties, the fastest-growing real estate developer in the UAE, sold out Viewz – the Dh2.05 billion project with Aston Martin furnishings in January. This is the second project in one year where “luxury meets affordability”.

Danube Properties launched five projects last year – Pearlz, Gemz, Opalz, Petalz, and Elitz – with 2,099 residential units with a development value exceeding Dh2.05 billion, and sold out all of them due to high demand for affordable luxury properties in Dubai. With Fashionz, Danube Properties’ current development portfolio includes 22 projects and 10,713 units.

Most Bollywood stars already consider Dubai as their second home. They remain interested in purchasing properties from the Danube Properties to permanently relocate to the emirate. Danube Properties’ head office had already been visited by a number of celebrities, including Kartik Aryan, Sanjay Dutta, Govinda, Ankit Tiwari, Meet Bros, Kiku Sharda, and Sunny Leone, among others.

Investing with Danube Properties also increases your chance of a 10-year Golden Visa – especially for those homeowners who qualify as per the investment criteria which is also subject to government approval.

Danube Properties Dubai currently has a development portfolio of 9,923 units, with a combined value exceeding Dh8.75 billion. It has so far delivered 4,555 units with a combined sales value of Dh3.50 billion and 1308 units will be delivered in 2023.

Danube Properties made its foray into the real estate market in June 2014, by launching the Dh500 million 171 townhouses at Al Furjan. Since then, it has 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, and Viewz projects.

Danube Properties is a part of the Danube Group, which has been instrumental in building the foundation of Dubai since 1993.

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Danube to open mega sports facility in Dubai

The launch of Danube Sports World takes place at a time when the Dubai Fitness Challenge gets underway to help people get back in shape…reports Asian Lite News

Dubai-based Danube Group unveils Danube Sports World, the largest indoor sports facility in the Middle East, set up on a 200,000 square feet plot of land in the shape of a massive inflated dome, next to Habtoor City and Aykon City on Sheikh Zayed Road.

The 25 metres high temperature-controlled inflated dome features indoor cricket, padel tennis, badminton, football, table tennis and boxing courts and comes with 150 car parking facility.

The courts also come equipped with features like cameras to livestream game, referees to monitor next game and much more. It has ample lockers and changing room facilities, first-aid clinic, a gymnasium and a café – for users to socialise in between playing and working out.

“Innovation will determine the success of businesses. As an innovative and forward-looking business group, we constantly try to innovate by incorporating new ideas into action – that leads to creating new business verticals to help our clients,” Rizwan Sajan Chairman and Founder of Danube Group says.

“Danube Sports World is an innovative idea that has now been executed to benefit our clients. There is a big demand for such facilities, however only a few have set up indoor sports facilities, which are small compared to the existing demand. Sports can de-stress a professionals or businessmen under duress or pressure.”

The launch of Danube Sports World takes place at a time when the Dubai Fitness Challenge gets underway to help people get back in shape. The market value of the global fitness industry is more than US$87 billion while the US fitness industry revenue in 2021 exceeded US$33.25 billion, according to statistics.

Between now and 2028, the global fitness industry is expected to grow at 171.75 percent to US$434.74 billion.

Players can order from the café through QR codes and refreshments are delivered to the players’ court. Customers can book a game to play through an app powered by Platomic.

Adel Sajan, Managing Director of Danube Group, who came up with the brilliant idea to set up Danube Sports World, says, “This is going to be the most popular go-to sporting and recreational centre in the UAE where consumers are now trying to mix sports and recreational facilities as part of their socialising process.

Most people want to try to do some sporting activities even when they socialise. Sports is gaining popularity in the UAE and GCC as a medium of socialising and healthy activity and this trend is going to grow as a global phenomenon. We are the first one in the Middle East to set it up – to fulfil a widening gap.”

“We have all got together here today to not only experience this beautiful structure but to also witness this amazing introduction to the padel community in Dubai.”

Danube Sports World partners with Emirates Padel Centre to be its Official Padel Operators and introduce the Bela Padel Concept in Dubai with none other than the legend himself Fernando Belasteguin. This partnership will bring together the best padel community to the best padel facility in the region to provide the best padel training. Customers will be able to experience what it feels like to play like Bela in the official WPT special edition court and train like Bela. 

The launch ceremony of Danube Sports World was attended by a long list of celebrities and VIPs of the UAE, including and not limited to: Sheikh Saeed Bin Maktoum Bin Juma Al Maktoum, President of UAE Padel Association; Nasser Al Neyadi or famously known as Fazza Sky, Founder of Emirates Padel Center; Sheikh Rashed Bin Ammar Bin Humaid Al Nuaimi; Fernando Belasteguín, a legend from Argentina that took over the Padel world. He was the youngest player to hold a World No.1 title at 22 years old. He has been the Padel World Champion for 16 years in a row (2002-2018) and recently won the title of world number one player in his recent match.

Among others, Teddy Puig, CEO and Partner One16Sports & Bela Padel Center; Batata Fermin, Head Coach & Co-Founder of Emirates Padel Center; Khalid Al Awar, Director of Sports Events, Dubai Sports Council; Hareb Albastaki, Partnerships Assistant Manager, LIV by Emirates NBD; Tarek Al Sakka is CEO of Dubai Refreshment Co.; Suhail Galadari, Co-Chariman of Galadari Brothers; Felix Ruiz Hernandez, CEO/Founder of Playtomic; Rafih Filli, Founder & CEO of FiLLi Café; David Nalbandian, Argentine Tennis Player who won 11 Singles titles and in 2003 he reached his highest ranking of World No. 3.

Other VIP guests include Roy Gomez, Chairman of Brand Folio, Tom Foley, General Manager – Go Sport, Courir, NBA and Peter Michael, Senior Partnerships Manager at Careem.

Established in the year 1993 by Founder and Chairman Rizwan Sajan – a Non-Resident Indian (NRI) 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 of 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 has a team of 1,800 plus people working across strategic locations across the GCC and India.

ALSO READ-Danube’s Opalz sold out on the first day of launch

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Danube’s Opalz sold out on the first day of launch

Indian comedian and actor Kiku Sharda graced the Opalz launch – one of the most successful project launch events in the history of Dubai’s real estate sector…reports Asian Lite News

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, said, its latest project Opalz, a twin-tower residential project with sales value exceeding Dh525 million, has been sold out on the first day of launch due to strong demand for Danube Properties homes. 

This reflects growing public trust and investor confidence in Danube Properties which has delivered 13 of the 17 projects it has launched so far. Opalz is the developer’s 18th project. It has recently awarded construction contracts for Skyz and Pearlz while Gemz is in the tendering process.

“The investors, end-users and brokers have been waiting to book apartments in the new project for some time as the word about Opalz has gone out in the market,” Mr. Rizwan Sajan, Founder and Chairman of Danube Group, said at a crowded press conference at Danube Properties head office in Dubai.

“The end-users, investors and brokers have lined up to lay their hands on Opalz since the opening of sales earlier today. As a result, the project has been completely sold out. This sell-out at launch in the current market conditions reflect the customers’ trust in us and their growing confidence in our ability to deliver luxurious properties at affordable price on time, on quality and at 1 percent per month payment plan – which is very rare in this part of the world.”

Indian comedian and actor Kiku Sharda graced the Opalz launch – one of the most successful project launch events in the history of Dubai’s real estate sector. Kiku Sharda is one of many Bollywood celebrities who have invested in Danube Properties’ homes – due to their strong appeal, higher return on investment and faster appreciation of the assets after delivery.

Opalz with a built-up area of 800,000 square feet, will be developed on a 66,985 square feet (6,223.11 square metres) plot of land in Dubai Science Park opposite Dubai Hills Estate. It has two 19-storeyed towers connected through a podium at the bottom and a skybridge on top that hosts penthouses, common-use facilities and offers magnificient views of the neighbourhood on all sides of the building.

When completed in 2025, Opalz will deliver 575 homes including 261 Studio Apartments, 206 One-Bedroom Apartments, 69 Two-Bedroom Apartments, 18 Condominiums and four Penthouses.

Opalz is the 18th real estate project launched by Danube Properties so far within eight years of the launch of its first project in 2014. It has so far delivered 13 of the 17 projects launched earlier – making it one of the most successful developers when compared to launched vs delivered projects.

With the launch of Opalz, Danube Properties’ currently development portfolio exceeds 8,847 units, with a combined sales value exceeding Dh6.17 billion. It has so far delivered 4,556 units with a combined sales value of Dh3.63 billion – more than half of the entire portfolio value.

The project is located in Dubai Science Park, just 10 minutes from the Mall of the Emirates, 5 minutes from Mohammed Bin Zayed Road, and 5 minutes from Miracle Garden. Once built, Opalz will be surrounded by ample community facilities such as schools, hospitals, retail outlets, convenient stores, parks as well as business and recreational facilities including shopping malls, office towers and hotels. It also has great connectivity to Dubai International Airport and the newly opened Al Maktoum International Airport.

Opalz presents two high-rise towers (Tower A and Tower B) comprising Studio, 1 BHK, 2 BHK and 3 BHK Duplex. A super futuristic project, Opalz having 19 floors encompasses basement, ground floor and 2 podiums. The first floor called Health Club level/Swimming Pool level will be open air and have an anti-current pool. Supplemented with contemporary design and premium lifestyle, Opalz encompasses large homes and floor plans with convertible layouts – a 1BHK apartment can be converted into a 2 BHK apartment and a 2 BHK apartment into a 3 BHK apartment. 

The project boasts energy-efficient automatic lights, water conservation system, environmentally friendly /eco-friendly and the most futuristic building with contemporary design and LED lighting façade. Apart from presenting ultimate luxury and convenience for life through a multitude of features and amenities, all apartments in Opalz are smart homes – owners will have access to home appliances through a smart home system.

The extravagant amenities at Opalz include waiting lounge /atrium/entrance lobby designed by interior designer with Wi-Fi, business centre at ground floor with personal secretary, male/female prayer room with ablution, floating cinema over water body, doctor on call, kids day care/nanny on board, electric car charging point, shallow pool, kids pool, toddlers splash pad, jacuzzi, water lounge (In-built gym equipment aquatic gym) and family sitting area/cabanas, BBQ area, among others.

For its residents to maintain a healthy lifestyle, Opalz offers gymnasium (M/F) open-air Yoga platform, jogging track with rubber flooring, games zone (pool table, snooker, table tennis), wellness centre which will have a beauty salon, spa, steam sauna, treatment room, steam and sauna apart from private sports training centre at the crown of the tower. Apart from all these a multi-purpose hall/party hall and sky lounge at the crown of the tower have been provided with juice bar at Top Crown together with skybridge at the crown of the tower.

“Opalz, our 18th project, takes lifestyle to a new level of class, comfort and convenience with a number of additional facilities that were not available in the market before – and at a very affordable price,” Mr. Rizwan Sajan said.

“The launch of Opalz comes at a time when demand for affordable home is very strong. This is our fourth project launch in a year – three of them being sold out fast after launch.”

“As a developer, we have so far delivered 13 projects successfully to our happy customers on time and with quality exceeding the home-owners’ expectations. Construction of two projects is going on in full swing while we recently announced the appointment of two contractors for two projects – which reflects our strong and unwavering commitment to timely delivery of our projects.”

The Opalz luxury affordable homes come with a Floating Cinema over Water Body. In front of the Cinema Screen some chairs will be floating on the waterbody and some of the chairs will be on solid surface. So, the residents can enjoy the cinema in both the manners as they prefer.

Danube Properties offers home-owners 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval.

“Opalz offers the finest blend of aesthetic lifestyles within the city that presents customers with a place like no other. With 1 percent payment plan, we have made home acquisition very easy and pocket-friendly.”

“Moreover, the recent government policies, such as the Golden Visa and the 100 per cent ownership rights to expats, have added to the already bullish sentiments in the city’s property market and among the entrepreneurs interested in setting up their businesses here,” he 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 and Lawnz while it prepares to deliver two more projects this year. All these projects have been greatly appreciated by those who had bought units in them.

Danube Properties has recently launched two projects Gemz and Pearlz in Al Furjan a vibrant residential development located between Sheikh Zayed Road and Mohammed Bin Zayed Road. Both these projects got sold out in minutes of their launch. The end-users and brokers had lined up before the stipulated time and thronged Danube Properties office as soon as it opened. This demonstrates buyers’ confidence in Danube Properties.

ALSO READ-Danube Unveils Skyz Tower

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Advantage Dubai as Indians Seek Second Homes in the UAE

Dubai-headquartered Danube Properties’ has launched the Dh475 million Skyz at the Cityscape Global exhibition at the Expo 2020 to meet fresh market demand.

The Dubai property market is gathering momentum to reach pre-Covid levels as more buyers from India are back in the market looking for affordable units.

“There is a huge demand for studio, one and two bed room flats in Dubai now. Some of the Dubai units are cheaper than the flats at major cities in India. Danube offices in Mumbai, Kochi, Hyderabad and Ahmedabad are getting calls from several potential investors and buyers,” says Rizwan Sajan, Founder and Chairman of Danube Group.

Rizwan Sajan, Founder and Chairman of Danube Group

Dubai-headquartered Danube Properties’ has launched the Dh475 million Skyz at the Cityscape Global exhibition at the Expo 2020 to meet fresh market demand.

Sajan said the new project provides an ideal investment opportunity for investors who want to benefit from the current low price and a higher premium in two years’ time when prices appreciate to a higher level.

Property prices in Dubai could grow by 20 percent in two years, offering a 5 to 10 percent annual return on investment. In the last 6 months property prices have gone up by 20 to 30 percent in many areas.

With prices starting from Dh399,000 for a studio, Dh599,000 for a one-bedroom apartment and Dh799,000 for a two-bedroom flat, buyers can expect to receive the keys after paying half of the amount through a 1 percent monthly payment scheme. This means they can start earning rents after paying just 50 percent of the property price.

“The attitude of Indian investors is changing. Families are no more travelling just for holidays. They are looking for home away from home to spend quality time with families. The proximity of Dubai is making it the best destination for Indians. The prices are also affordable to average Indian families. The prices are now ranging from half a million dirhams (about Rs 1 crore) for a studio flat to Dh 1 million (about Rs 2 crore) for a two-bed room flat. One bedroom flats are now available for AED 750,000 dirhams (about Rs 1.5 crore).

“With prices for residential units in major cities spiralling in India, Dubai provides global amenities at affordable prices to residents. The newly launched Golden Visas and Retirement visas are attracting a new set of professionals and high net worth retirees. Dubai is offering safe and secure dwelling unit with world class education, health and business facilities. This is the right time to invest in Dubai.”

Asian Lite Special Edition to mark UAE@50 7

Danube is offering an attractive scheme for potential investors. 10 per cent down payment and 100 equal instalments to secure a flat for middle income families.

“The Skyz Tower is an ideal property for end-users and investors who want a second home in Dubai as prices of properties have started to appreciate due to higher investor demand. Buyers can expect to benefit from 20 percent premium if they sell the property after two years when we will hand over the building to the buyers. This translates to a straight 15 percent annual profit – making it a very high return on investment,” said Sajan.

Residential property prices in Dubai increased 4.4 per cent on average in the first eight months of the year, registering the highest annual growth since February 2015, according to real estate consultancy CB Richard Ellis (CBRE). Average apartment prices increased 2.5 per cent and average villa prices increased 17.9 per cent, CBRE said in its third quarter market report recently. 

Danube is also planning to conduct roadshows in major Indian cities and European destinations like London and Singapore.

Average home prices are rising at the fastest pace since February 2015, with transaction volumes surging nearly 77 percent in August from a year earlier — up over 56 percent when compared with the same period in 2019, before the pandemic hit, according to CBRE.

“The demand for new supplies and the demand for new homes will continue to rise. Therefore, it is the perfect time to buy a new home – to benefit from the surge in prices – in order to make good money either through re-sale or rent – that is expected to rise from 2023 onwards. Those shy away from investing – might miss the boat. Think of those who bought properties last year when the prices and market sentiment was the lowest in the middle of the pandemic – and made a killing by selling them at 30-40 percent premium earlier this year – a solid return in just six months. I urge the investors not to miss the boat this time. It is a golden opportunity – as property price now are still 36 percent lower than the previous peak of 2014. So, prices are still low and attractive. You may not make the same profit if you buy later,” said Sajan.

As the UAE celebrating its 50th National Day, the Danube chief praised the wise leadership in the UAE for making the desert blooms.

“Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum wants to make the city state a destination for the discerning globe trotters. “Within 10 years, the tourism figures will double. Dubai is already attained the status of the world’s busiest airport by displacing London and Paris. With the current pace of growth, Dubai will meet its targets before the stipulated time,” says Sajan.

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Danube Unveils Skyz Tower

The Dh475 million Skyz Tower will be a second home asset for investors… reports Asian Lite News

Dubai headquartered Danube Properties’ unveiled their latest project, the Dh475 million Skyz at the Cityscape Global exhibition at the Expo 2020.

Rizwan Sajan, Founder and Chairman of Danube Group, says the project provides an ideal investment opportunity for investors who want to benefit from the current low price and a higher premium in two years’ time when prices appreciate to a high level.

Property prices in Dubai could grow by 20 percent in two years, offering a 5 to 10 percent annual return on investment. In the last 6 months the property prices have gone up by 20 to 30 percent in many areas.

Danube Unveils Dh475 million Skyz Tower

The company expects greater investor interest in the new project, which will be the focus of its marketing and sales campaign at the Cityscape Global exhibition.

With prices starting from Dh399,000 for a studio, Dh599,000 for a one-bedroom apartment and Dh799,000 for a two-bedroom flat, buyers can expect to receive the keys after paying half of the amount through a 1 percent monthly payment scheme – meaning they can start earning rents after paying only 50 percent of the property.

“The Skyz Tower is an ideal property for end-users and investors who want a 2nd home in Dubai as prices of properties have started to appreciate due to higher investor demand,” added Mr Sajan.

“Buyers of the properties can expect to benefit from 20 percent premium if they sell the property after two years when we will hand over the building to the buyers. This translates to a straight 15 percent annual profit – making it a very high return on investment.”

Skyz will be developed at an 67,837.39 square feet plot of land at Arjan, close to the Miracle Garden with easy access to Mohammed Bin Zayed Highway. The tower overlooks Miracle Garden, Arabian Ranches and Motor city communities.

The concept was to create a new residential destination that celebrates Mediterranean living by maximising usable outdoor space through balconies, terraces, gardens, parks, and plazas. The tower is designed to allow maximum views and light into the scheme and creates a series of ‘external gardens’ distributed around the building linked by an informal route with an outdoor pool and recreation area at various levels

Residential property prices in Dubai increased 4.4 per cent on average in the first eight months of the year, registering the highest annual growth since February 2015, according to real estate consultancy CB Richard Ellis (CBRE). Average apartment prices increased 2.5 per cent and average villa prices increased 17.9 per cent, CBRE said in its third quarter market report recently.

“But those shy away from investing – might miss the boat. Think of those who bought properties last year when the prices and market sentiment was the lowest in the middle of the pandemic – and made a killing by selling them at 30-40 percent premium earlier this year – a solid return in just six months,” said Mr Sajan.

“I urge the investors not to miss the boat this time. It is a golden opportunity – as property price now are still 36 percent lower than the previous peak of 2014. So, prices are still low and attractive. You may not make the same profit if you buy later.”

Average home prices are rising at the fastest pace since February 2015, with transaction volumes surging nearly 77 percent in August from a year earlier — up over 56 percent when compared with the same period in 2019, before the pandemic hit, according to CBRE.

“The demand for new supplies and the demand for new homes will continue to rise. Therefore, it is the perfect time to buy a new home – to benefit from the surge in prices – in order to make good money either through re-sale or rent – that is expected to rise from 2023 onwards,” said Mr Sajan.

Danube Properties recently launched Skyz Tower, a Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding Dh475 million.

The project will be developed at the Arjan master-planned community in Dubai, close to the Miracle Gardens, opposite to Motor City, Dubai Hills Estates and Dubai Hills Estate Mall with the easiest access to Mohammed Bin Zayed highway. The affordable homes come with Danube Properties’ trend-setting 1 percent payment plan that helps middle income tenants and end-users to easily acquire their dream homes.

The launch of the new residential tower comes a few days after land transaction value exceeded Dh100 billion mark in less than 9 months this year – as announced by Dubai Land Department – fuelled by strong investor interest in Dubai’s real estate.

Danube Unveils Dh475 million Skyz Tower

Danube Properties has recently delivered Bayz and Miraclz, while its largest project Lawnz is currently being completed for delivery will take the number of delivered units to 4,281 with sales value exceeding Dh3.5 billion by the end of this year. This will help to reinforce Danube Properties’ reputation as one of the most successful developers in the UAE with the highest launch-to-delivery ratio.

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 and Skyz projects.

The company currently has a development portfolio of 7,002 units, with a combined value exceeding Dh4.98 billion. It has so far delivered about 2,155 units, with a combined sales value of Dh2.1 billion – or nearly half of its portfolio value.

Danube Unveils Dh475 million Skyz Tower

Danube Unveils Dh475 million Skyz Tower
Danube Unveils Dh475 million Skyz Tower
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Danube Chief Lauds UAE Policy

Radwan Sagan says amendments to the federal law regulating commercial businesses in the country, especially in terms of allowing foreign investors to own businesses has worked wonders, reports Asian Lite News

Indian businessman, Radwan Sagan, Founder and Chairman of the Danube Group, which operates from Jebel Ali Free Zone in Dubai, has said that UAE’s investment environment is unique, as it offers investors attractive incentives and promising investment opportunities in all sectors.

Sagan pointed out that he established the Danube Group in 1993, which currently operates in constructions, real estate, interior design, furniture, retail, manufacturing, and food and beverage, with over 3,600 employees.

One of the major factor for UAE to attract investors from across the world has been the infrastructure it provides. This has played a pivotal role in UAE to develop world-class medical centres, IT complexes, technology centres and modern business centres for leading business establishments. Sagan added that the UAE has the largest shopping malls in the Middle East, making the lives of foreign investors easier.

He then expressed his gratitude to the UAE’s leadership and lauded its support for foreign investors while commending the latest amendments to the federal law regulating commercial businesses in the country, especially in terms of allowing foreign investors to own businesses in the country and cancelling a clause stipulating that foreign companies are required to have Emirati agents.

Sheikh Mohammed bin Rashid Al Maktoum

Sagan is one of the first foreign investors who received a golden residency visa.

The UAE government’s decision to allow 100 per cent foreign ownership of onshore businesses has come as a major boost to the country’s economy that has been actively pursuing foreign direct investment (FDI) in recent years.

The UAE recorded a 44.2 per cent ($20 billion) jump in foreign direct investment (FDI) in 2020 when global foreign FDI flows collapsed, falling 42 per cent from $1.5 trillion in 2019 to an estimated $859 billion, according to UNCTAD data.

Clearly, the country emerged as an attractive FDI destination and the clarity in ownership is going to bring in more investors into the country.

While several free zones within the country had already been allowing full business ownership to foreigners, onshore it has been restricted to certain categories of businesses with gradual easing happening during the last two years.

Keeping foreign investor as a minority shareholder legally has been a major impediment in attracting investors onshore in manufacturing and in several new generation businesses, such as, software development, financial technologies, and artificial intelligence.

The UAE has been on a steady rise in the Global Competitiveness Index of the World Economic Forum. In the latest Index, the country is ranked 25th globally, improving by two positions from last year’s report and is leading Arab region.

The country has been pursuing a strategy to improve and develop performance in all competitiveness indicators. Clearly, the approach is rooted in open economic policies, modernisation and updating of legislations and streamlining of procedures as well as the adoption of innovation to move up on the scale of global competitiveness.

While the effects of the pandemic on global investment flows are expected to linger for longer with investors likely to remain cautious in committing capital to new overseas assets, the UAE’s legal reforms are sure to give it an edge in attracting foreign capital.

The UAE is a leading country in terms of providing incentives and drafting economic legislation that encourages investment and commerce.

The country offers foreign investors an array of incentives and has a competitive investment environment, especially in terms of the presence of industrial zones with modern advanced infrastructure, as well as an efficient road network and large ports and airports.

The UAE has a modern and advanced infrastructure, high-quality road and electricity networks, airports and ports, in addition to many free zones in all emirates, he added, noting that the logistical services provided by the country attract foreign investment.

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