3 October، 2023

News from Emirates

High demand propels Danube Properties to launch Dh900 million Elitz 2 project in Jumeirah Village Circle

 

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