Danube Properties is set to launch two towers, each rising above 100 levels, on the same street in Business Bay, Dubai.
This announcement was made by Danube Properties Chairman and Founder, Rizwan Sajan, at a press event in Dubai on Wednesday evening.
The two properties will be located along Al Mustaqbal Street in Business Bay, within walking distance of the Business Bay Metro station and close to the world-famous Burj Khalifa.
The decision to launch Bayz102 follows Sajan’s revelation at the event that over 80 per cent of units in Bayz101, the company’s other tower, have already been sold.
Both towers are expected to take about four years to build, with completion anticipated in 2028.
The key differences between Bayz101 and Bayz102 will be that the latter will be taller by one floor. Additionally, Bayz102 will feature a helipad for sky taxis.
“We are thrilled to introduce this project, which not only sets a new benchmark for high-rise living but also paves the way for the future of urban transportation in Dubai,” said Sajan in a statement.
“As the city prepares to embrace sky taxis, we are proud to be at the forefront of this innovation, offering residents the convenience of cutting-edge mobility right at their doorstep,” he added.
Amenities
Bayz102 is set to house 1,300 fully furnished ultra-luxury units, including studios, 1BHK, 2BHK, 3BHK, and 4BHK apartments, according to Danube Properties.
Apart from the helipad for sky taxis or eVTOLs, Bayz102 is expected to feature more than 40 amenities, ranging from a health club, swimming pool, jogging track, sports arena, business centre, sky bar, BBQ area, table tennis room, basketball court, wall climbing, outdoor cinema, and on-call medical services. The development will also include retail outlets.
Silicon ‘Oasiz’
Danube Properties is also working on another project dubbed ‘Oasiz’, located in Dubai Silicon Oasis.
Spanning approximately one million square feet and comprising around 900 units across two towers, Oasiz 1 and Oasiz 2, the towers will stand 37 levels high.
Property buyers will have a choice of studios, 1BHK, 2BHK, and 3BHK apartments. The development will also feature retail outlets and provide access to the planned Blue Line of the Dubai Metro, which will connect Dubai Silicon Oasis with other key communities.
“Dubai Silicon Oasis has seen a significant increase in demand due to its strategic location and the upcoming infrastructure developments, such as the Blue Line Metro extension,” said Sajan. “With the relocation of the airport to Dubai South and the growing popularity of communities along E311 and E611, we expect Oasiz to offer excellent returns for investors,” he added.
Danube Properties has scheduled the project’s completion by December 2027.
The starting price for units will be Dhs669,000, but buyers can also take advantage of Danube Properties’ famous ‘1 per cent payment plan’. This allows buyers to acquire a property for Dhs6,690 per month at 0 per cent interest.