Day: April 12, 2022

Pearlz by Danube gets 100% sold out on day one of its participation at Expo 2020

Danube’s reliability as a developer has gone up several notches higher with the continuous back to back deliveries of projects on time. It has also helped reinforce Danube Properties’ reputation as one of the most successful developers in the UAE with the highest launch-to-delivery ratio.

Dubai, 28^th March 2022: Danube Properties, affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has announced that its recently launched residential project “Pearlz” has received massive response at Expo 2020 in Dubai. A large number of Indian expats thronged the ‘Danube Properties’ pavilion with great interest in this expo.

Danube has sold out 100% of the inventory of Pearlz that offers 300 residential units coupled with a number of retail and recreational facilities with a development value exceeding Dh300 million on day 1 of its participation at this expo. Danube Properties has also recently delivered its ambitious project ‘Lawnz’ to its 1000 plus property buyers.

Mr Rizwan Sajan, Founder and Chairman of Danube Group said, “While Expo 2020 has successfully carried forward its mission of connecting people I am happy to inform everyone that one of my personal favorites “Pearlz” has received overwhelming response at this expo. We have successfully sold out the complete launched inventory of the project. At Danube Properties our belief since the starting has been to deliver projects on time without any compromise on quality aspects. While sticking to our commitments has always given us good results, I take this opportunity to thank all those who have been involved and have made contributions in making ‘Pearlz’ a huge success for Danube.”

Making the deal more lucrative for Indian investors, Danube Properties has announced that it will provide fully furnished apartments at ‘Pearlz’ to Indian homebuyers who are very keen on picking up a second home in Dubai. The project will be developed in Al Furjan area close to Ibn Battuta mall with the easiest access to Sheikh Zayed Road and 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.

Some of the salient features of the Pearlz project includes the foldable wall-mounted beds – that converts the living into a bedroom at night, when suspended from the wall. This creates an extra bedroom, converting a one-bedroom hall apartment into a two-bedroom apartment and a studio to a one-bedroom apartment. So, the customer gets a two-bedroom apartment, when paying for a one-bedroom apartment. Among other perks, a three-bedroom apartment comes with a private pool, three parking spots and a balcony – something that is not available in most villas and townhouses. Moreover, the two- and three-bedroom at ‘Pearlz’ comes with store area, laundry as well as power room. It has its own chillers and chilled water system. The project is located near the metro station.

‘Pearlz’ also offers a wide range of world-class amenities such as anti-current swimming pool, kids pool, toddler pool, health club, party hall, outdoor seating, shaded Yoga area, Jacuzzi, sauna, barbeque area, kids outdoor play area, jogging track, outdoor party area, landscape with water features. Other highlight of this project in terms of amentias which cannot be found with any other developer in the region include a doctor on call, kid’s daycare with nanny on board and smart home, smart office with a personal secretary which will revolutionise how gated community projects are developed in the region.

Pearlz is the first real estate project that has been launched in the UAE in 2022 – and the second project by Danube Properties to be launched within five months after launching the Dh475 million Skyz project in Arjan in October 2021.

Enthused by the overwhelming response to its properties, Danube Group is on a spree of launching new projects. The properties of this Dubai-based multi-billion-dollar conglomerate make for an attractive investment. After receiving huge success in “Skyz”, ‘Lawnz’ and “Pearlz”, Danube Properties has further set its sights on new projects in Dubai Marina and Downtown—two of the city’s most prominent freehold clusters.

The Dubai property market continues to be led by end-users, driven on the back of a host of economic reforms along with the lowering of interest and mortgage rates, loan-to-value ratios, Golden Visa and the 100 per cent ownership rights to expats to live, work or trade in Dubai. While all these policies have helped build confidence in the expats, the successful handling of the pandemic makes the UAE a very safe haven for the investors interested in setting up their businesses here.

The Expo 2020 which is coming to close in a week’s time has given big boost to the economy of UAE. While the UAE continues to be one of the safest countries in the world, the rulers further intend to keep up this momentum by creating more opportunities in sustaining this growth and fuelling a massive real estate boom ahead. The property prices over the past six months have gone up by 30-35 per cent, still the property in Dubai is cheaper compared to many other major international hubs such as Hong Kong and London.

With 1,000 residential units, Pearlz will have amenities like Doctor on call, kids daycare with nanny on board and smart home, smart office with a personal secretary and anti current swimming pool, which will revolutionize the way gated community projects are developed in the region.

Date: Dubai, UAE, March 20, 2022

News Highlights

1. With 500,000 square built-up area and development value exceeding Dh300 million, Pearlz comes with value-added features that offers the best value for money;

2. Pearlz is the first real estate project to be launched in the UAE in 2022 – and the second project by Danube Properties to be launched within five months after launching the Dh 475 million Skyz project in Arjan in October 2021.

3. With Pearlz, Danube Properties development portfolio exceeds 8,000 units, with a combined value exceeding Dh5.3 billion.

4. It has so far delivered 4,556 units with a combined sales value of Dh3.63 billion – nearly two-thirds of the entire portfolio value.

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, today announces the launch of Pearlz, a residential project offering 1,000 residential units and a number of retail and recreational facilities with a development value exceeding Dh300 million.

The project will be developed in Al Furjan area close to Ibn Battuta mall with the easiest access to Sheikh Zayed Road and 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.

Pearlz is the first real estate project to be launched in the UAE in 2022 – and the second project by Danube Properties to be launched within five months after launching the Dh475 million Skyz project in Arjan in October 2021.

With Pearlz, Danube Properties development portfolio now exceeds 8,000 units, with a combined development value exceeding Dh5.3 billion. It has so far delivered 4,556 units with a combined sales value of Dh3.63 billion – nearly two-thirds of the entire portfolio value.

“We launched our second residential project Pearlz within five months of launching Skyz in October last year. This demonstrates the return of investors in Dubai’s real estate market and our firm conviction on the strong rebound of Dubai’s real estate market from the pandemic,” Mr Rizwan Sajan, Founder and Chairman of Danube Group, says.

“The launch of Pearlz is in response to growing demand for affordable quality homes in Dubai, as the market remains under-served. We have carefully designed each home to offer maximum value per square feet, keeping in mind the need for space in each family. Pearlz offers the best value per square feet that money can fetch.

“We are a firm believer in the long-term sustainability of Dubai’s real estate marker – this is more evident now, especially following the pandemic that halted all commercial activities in the real estate market for a short period during the lockdown in 2020. The market rebounded early last year, despite the second COVID-19 wave. However, international investor confidence returned faster than expected.”

Some of the salient features of the Pearlz project includes the foldable wall-mounted beds – that converts the living into a bedroom at night, when suspended from the wall. This creates an extra bedroom, converting a one-bedroom hall apartment into a two-bedroom apartment and a studio to a one-bedroom apartment. So, the customer gets a two-bedroom apartment, when paying for a one-bedroom apartment.

Among other perks, a three-bedroom apartment comes with a private pool, three parking spots for a 3bhk apartment and a balcony – something that is not available in most villas and townhouses. It also offers world-class amenities such as anti current swimming pool, kids pool, toddler pool, health cub, party hall, outdoor seating, shaded Yoga area, jacuzzi, sauna, barbeque area, kids outdoor play area, jogging track, outdoor party area, landscape with water features, the highlight of this project in terms of ammenties which cannot be found with any other developer in the region are, a doctor on call, kids daycare with nanny on board and smart home, smart office with a personal secretary and an anti current swimming pool, which will revolutionaze how gated community projects will be developed in the region.

Two- and three-bedroom comes with store area, laundry as well as power room. It has its own chillers and chilled water system. The project is located near the metro station.

“The Dubai real estate market is looking up and the investor confidence is back, the government has eased all Covid-19 restrictions and PCR testing is no required to enter and exit Dubai which has made connectivity a breeze amongst its residents and investors alike,” Sajan said.

“This particular project is a bit different from the other projects and will have many luxurious elements in it including multiple amenities, the developer has been tight lipped about the same as the huge announcement will create ripples in the market.”

Danube Project Development Factsheet

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has announced that its recently launched Skyz Tower project has been 60% sold out.

The affordable homes at Skyz Tower 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 most desirable project Skyz Tower will be developed by Danube Properties 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. A residential project with a development value of Dh475 million, Skyz Tower is a Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding Dh475 million.

Rizwan Sajan, Founder and Chairman of Danube Group said, “It’s truly encouraging that we have successfully sold out 60% of our project Skyz Tower within just a couple of months of its launch. I take this opportunity to thank all those who have been involved and have made contributions in making this project a huge success for us. We are committed to launch state-of-the-art projects for our valued customers and our belief since the starting has been to deliver projects on time without any compromise on the aspect of quality.”Enthused by the overwhelming response, Danube Properties has further set sights on new projects in Dubai Marina and Downtown – two of the city’s most prominent freehold clusters. The launch of Skyz Tower comes 18 months after Danube Properties successfully launched its project, Olivz last year. Danube Properties has recently delivered Bayz and Miraclz and all these projects have been appreciated by all the investors who had bought units in them.

Further, Danube Properties is all set to deliver another project Lawnz which will take the number of its 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 Dh5 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.

Investor confidence in UAE market has increased tremendously, Rizwan Sajan says

Oversupply in Dubai is a thing of the past and developers should not worry about it as demand is strong and there are no new mega project launches that can cause massive oversupply again in the market, said Rizwan Sajan, founder and chairman of Danube Group.

“There is no oversupply in the market because if that was the case then we would not be selling our Skyz project successfully. Even other developers who have launched their projects are also able to sell them well. It’s because investor confidence in the UAE market has gone up tremendously both from local and overseas investors. That’s why whatever the supply is coming in the market has been successfully sold,” Sajan told Khaleej Times during an interview on the first day of Cityscape on Tuesday.

Danube Properties recently launched Dh475 million Skyz project in Arjan. The developer has already sold more than 50 per cent of the project. Sajan expects to sell around 70 per cent of the project by the end of this month and 100 per cent by year-end. After selling Skyz this year, the developer will launch its next project in the first quarter of 2022.

“For the next few years, any developer should not worry about selling the project because demand is coming in from all over the world. I don’t think we should have any problem as far as selling is concerned. I don’t think oversupply will happen because a lot of people from abroad are investing here. Developers are not launching big projects but one or two buildings and that’ll not cause oversupply,” said Danube’s founder.

Property prices in Dubai have been recovering steadily and are expected to increase by 20 per cent in two years, offering a 5 to 10 per cent annual return on investment. In the last 6 months, prices have gone up by 20 to 30 per cent in certain areas.

“Buyers of the properties can expect to benefit from 20 per cent premium if they sell the property after two years when we will hand over Skyz to the buyers. This translates to a straight 15 per cent annual profit – making it a very high return on investment,” he said, adding that those who’ll 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 per cent premium earlier this year – a solid return in just six months,” added Sajan.

Danube Properties, a leading real estate developer in the UAE, on Tuesday launched its new freehold Mediterranean-themed residential project Skyz Tower with a development value exceeding Dh475 million.

Located in Arjan master-planned community, the project will go on sale from October 30 with studio apartment prices starting from Dh399,000, one-bedroom from Dh599,000, and two-bedroom from Dh799,000.

“Due to the sell-out of all of our previous projects, we were running out of stocks since the beginning of the year. This necessitated the launch of the new project,” said Rizwan Sajan, founder and chairman of Danube Group.

“The payment plan for Skyz Tower is very attractive from the end-user point of view. For example, the buyer has to pay only Dh60,000 as a down payment for a one-bedroom apartment and a Dh24,000 registration fee. Then it’s just one per cent per month. The payment plan has been designed keeping in mind that it doesn’t hit the pocket of the end-users, who are mainly from the working class. They’re our target customers and they happily pay this instalment every month because it falls within their budget,” added Sajan.

With Skyz, Danube’s development portfolio exceeds 7,000 units with a combined value exceeding Dh5 billion.

This marks the first real estate project launch after the Covid-19 pandemic by Danube, reflecting confidence in the market that is witnessing a gradual upturn.

Sajan said the real estate sector is back and off-plan properties are in demand.

“Demand for affordable apartments is very strong because 85 per cent of expats here still stay in rented apartments. They’re our main target market because everybody has a dream to own a house in Dubai. The majority of our customers have been end-users who were staying in rental apartments and wanted to shift to their own apartments,” he said.

Danube founder said Asians remain dominant buyers, led by the Chinese, Indians and Pakistanis.

Sajan believes it’s better to have one’s own apartment because residential rents have started rising in Dubai.

“There are some investors from Europe as well. In fact, locals are also investing to earn rental income as rents have started to recover now. Outlook for the local property market is very strong for the next three to five years. The demand will pick up further, hence the prices, because a good number of high net worth individuals are relocating to the UAE,” he said, adding that some highly developed countries are still under lockdown but it’s business as usual in Dubai and the UAE, which gives further confidence to foreign investors.