Category: News

Danube Properties celebrates the completion of Dh570 million Starz and Glamz projects on time

Dubai, UAE

Danube Properties today achieves the completion of 454 units in Starz and pre-completion of 426 residences in Glamz – its fifth and sixth residential projects – that is being celebrated at a glittering ceremony with a series of laser shows and fireworks that light up the sky.

Both the projects – Starz and Glamz – were launched and sold out in 2016 and completed in record time in 2019 that reflects the developer’s strong commitment to customers. Once the planned hand-over of 880 units in Starz and Glamz are completed, Danube Properties will have delivered 1,711 residential units, worth Dh1.69 billion, part of its portfolio of 5,019 residences, worth Dh3.82 billion, in less than five years after it launched its maiden project – Dreamz in June 2014.

Built with the latest green and sustainable building technologies, the smart homes within both the projects are fitted with the latest state-of-the-art facilities and amenities including built-in wardrobes, the latest modular home furnishings with upgraded materials used during the construction phase – more advanced than those promised during the launch of the projects.

The 880 homes comes with the best-in-class lifestyle amenities, including fully-fitted gymnasium, health club, swimming pool, large reception area, community areas with landscaped greenery, ample car parking and other facilities – all offered at a very affordable price and with a 1 percent monthly payment plan.

Once handed over, the residents will also enjoy easy access to Dubai’s public transport with a metro station within 2-minutes walking distance from the Glamz and three minutes from Starz. Residents will be able to reach the Expo 2020 site in just 7-10 minutes through the metro station and catch a flight at Al Maktoum International Airport – which could be reached in 15 minutes from the nearest metro station.

“As we move closer to the Expo 2020, we see renewed confidence in the UAE real estate market. The complete sell-out of our projects reflect a strong investor confidence in not only the Dubai real estate market, but also in Danube Properties,” Rizwan Sajan, Founder and Chairman of Danube Group, says. “Today we are not only delivering homes, but delivering promises we made to home buyers who have put their faith in us.

“We are a firm believer in the long-term sustainable development of real estate projects and there is no better market than the UAE, especially Dubai. With our projects, we have defied the odds and demonstrated our ability in offering affordable homes that have been snapped up by buyers.

“Despite some negative perceptions about the market, I am happy to announce that all our properties have been well received by buyers and are sold out. As the market matures, we see good opportunities in the market in which developers with long-term commitment will do well.”

Danube Properties’ new home deliveries come at the backdrop of its stellar performance in 2018 – its best year so far – when a whopping 78.5 percent jump in sale of the number of residential units has boosted Danube Properties’ market share of off-plan sales to 10.6 percent in 2018, compared to the 5 percent in 2017.

The company last year sold a total of 1,869 residential units, according to its annual report. Among the total number of properties sold by Danube Properties, 89 were ready-to-move-in while the rest 1,780 units were off-plan properties. The sales price of 1,869 units increased by 19.26 percent to Dh978 million last year, compared to the sales price of 1,047 units worth Dh820 million in 2017, the report shows.

Atif Rahman, Director and Partner of Danube Properties, says, “A developer’s strength of character and commitment reflects on the quality of construction and the number of project deliveries. Our record of continuous development and timely delivery of properties speaks volumes about our strong commitment to quality, timely delivery and our solid commitment to our home buyers.

“Today marks a great milestone in the history of Danube Properties as we will be delivering six out of the 12 projects launched by us, in less than five years. Our launch-to-delivery ratio is one of the highest in this region.”

All the apartments within Starz and Glamz are offered at an affordable price and with a convenient payment plan of 1 percent – something that Danube has pioneered in the UAE’s real estate market.

“However, we have not compromised on quality. What Danube has achieved over the last five years, is that it has changed the perception of affordable homes. What we are offering is – affordable luxury. Our properties are luxury properties, but offered at affordable price.

“With the launch of Starz in 2016, we pioneered in introducing specially designed modular furniture. This will help the residents maximise the use of available space by converting the living room into a bedroom at night. We remain committed to deliver happy communities with phenomenal value addition. I am confident, buyers of properties in Starz and Glamz will be extremely delighted with the quality of finishing and timely delivery,” Atif Rahman concludes.

Danube Properties has so far awarded Dh1.6 billion worth of construction contracts involving 10 of the 12 projects launched so far. In 2018, Danube completed construction of 358 residential units while it awarded construction contracts for 926 units.

UAE-based Danube Properties today (April 27) celebrated the completion of 454 units in Starz and pre-completion of 426 residences in Glamz – its fifth and sixth residential projects – in style with a series of laser shows and fireworks that lit up the sky.

 

Both these projects – Starz and Glamz – got sold out in 2016 and have now been completed in record time in 2019 thus reflecting the developer’s strong commitment to customers, said a statement from Danube.

 

Once the planned hand-over of 880 units in Starz and Glamz get completed, Danube would have delivered a total of 1,711 residential units worth Dh1.69 billion ($460 million) till date.

 

It is part of Danube’s portfolio of 5,019 residences, worth Dh3.82 billion, in less than five years after it launched its maiden project – Dreamz in June 2014.

Built with the latest green and sustainable building technologies, the smart homes within both projects are fitted with the latest facilities and amenities including built-in wardrobes, the latest modular home furnishings with upgraded materials used during the construction phase – more advanced than those promised during the launch of the projects.

 

Danube said the 880 homes come with the best-in-class lifestyle amenities, including fully-fitted gymnasium, health club, swimming pool, large reception area, community areas with landscaped greenery, ample car parking and other facilities – all offered at a very affordable price and with a 1 per cent monthly payment plan.

 

On hand-over, the residents will also enjoy easy access to Dubai’s public transport with a metro station within 2-minutes walking distance from the Glamz and three minutes from Starz, stated the developer.

 

Residents will be able to reach the Expo 2020 site in just 7-10 minutes through the metro station and catch a flight at Al Maktoum International Airport – which could be reached in 15 minutes from the nearest metro station, it added.

 

“As we move closer to the Expo 2020, we see renewed confidence in the UAE real estate market. The complete sell-out of our projects reflect a strong investor confidence in not only the Dubai real estate market, but also in Danube Properties,” remarked Rizwan Sajan, the founder and chairman.

“Today we are not only delivering homes, but delivering promises we made to home buyers who have put their faith in us,” he added.

 

Atif Rahman, the director and partner, said: “A developer’s strength of character and commitment reflects on the quality of construction and the number of project deliveries. Our record of continuous development and timely delivery of properties speaks volumes about our strong commitment to quality, timely delivery and our solid commitment to our home buyers.”

 

“Today marks a great milestone in the history of Danube Properties as we will be delivering six out of the 12 projects launched by us, in less than five years. Our launch-to-delivery ratio is one of the highest in this region,” he added.-TradeArabia News Service

 

Dubai developer Danube Properties recorded a 78.5 per cent growth in the sales of residential units last year, it announced on Wednesday.

The company sold a total of 1,869 residential units, including 89 ready-to-move-in units and 1,780 off-plan properties.

The sales value of the properties sold last year increased by 19.26 per cent to Dhs978m, compared to Dhs820m made by selling 1,047 units in 2017, a statement said.

Danube Properties said it has awarded Dhs1.6bn worth of construction contracts involving 10 of the 12 projects launched so far.

In 2018, Danube completed construction of 358 residential units while it awarded construction contracts for 926 units.

The developer had 1,339 units under tendering stage and a further 17 per cent in design stage.

Atif Rahman, director and partner of Danube Properties, attributed the growth to the company’s focus on the affordable housing market.

“Our consumer sensitive business approach is paying off. These results show that if you have the right properties at the right location and are offered at the right price with the most competitive payment plan, customers will buy them.”

The company said its share of the Dubai off-plan sales market has risen to 10.6 per cent in 2018, compared to 5 per cent in 2017.

The developer also increased its headcount to 220 last year, up from 151 in 2017, it said.

Part of the Danube Group, Danube Properties launched in June 2014 with the Dhs500m Al Furjan project. The company currently has a development portfolio of 3,680 units, with a combined value exceeding Dhs3.14bn.

Rizwan Sajan, founder and chairman of Danube Group, said: “We see strong growth opportunities, and we remain fully committed to the local economy and the real estate sector with more project launches as we move forward.”

Dubai’s property market has seen a slump in the last few years, with analysts expecting a further drop in prices this year.

One of the main reasons for the drop has been over-supply in the market, along with tough economic conditions.

Danube Properties today achieves the completion of 454 units in Starz and pre-completion of 426 residences in Glamz – its fifth and sixth residential projects – that is being celebrated at a glittering ceremony with a series of laser shows and fireworks that light up the sky.

Both the projects – Starz and Glamz – were launched and sold out in 2016 and completed in record time in 2019 that reflects the developer’s strong commitment to customers. Once the planned hand-over of 880 units in Starz and Glamz are completed, Danube Properties will have delivered 1,711 residential units, worth Dh1.69 billion, part of its portfolio of 5,019 residences, worth Dh3.82 billion, in less than five years after it launched its maiden project – Dreamz in June 2014.

Built with the latest green and sustainable building technologies, the smart homes within both the projects are fitted with the latest state-of-the-art facilities and amenities including built-in wardrobes, the latest modular home furnishings with upgraded materials used during the construction phase – more advanced than those promised during the launch of the projects.

The 880 homes comes with the best-in-class lifestyle amenities, including fully-fitted gymnasium, health club, swimming pool, large reception area, community areas with landscaped greenery, ample car parking and other facilities – all offered at a very affordable price and with a 1 percent monthly payment plan.

Once handed over, the residents will also enjoy easy access to Dubai’s public transport with a metro station within 2-minutes walking distance from the Glamz and three minutes from Starz. Residents will be able to reach the Expo 2020 site in just 7-10 minutes through the metro station and catch a flight at Al Maktoum International Airport – which could be reached in 15 minutes from the nearest metro station.

“As we move closer to the Expo 2020, we see renewed confidence in the UAE real estate market. The complete sell-out of our projects reflect a strong investor confidence in not only the Dubai real estate market, but also in Danube Properties,” Rizwan Sajan, Founder and Chairman of Danube Group, says. “Today we are not only delivering homes, but delivering promises we made to home buyers who have put their faith in us.

“We are a firm believer in the long-term sustainable development of real estate projects and there is no better market than the UAE, especially Dubai. With our projects, we have defied the odds and demonstrated our ability in offering affordable homes that have been snapped up by buyers.

“Despite some negative perceptions about the market, I am happy to announce that all our properties have been well received by buyers and are sold out. As the market matures, we see good opportunities in the market in which developers with long-term commitment will do well.”

Danube Properties’ new home deliveries come at the backdrop of its stellar performance in 2018 – its best year so far – when a whopping 78.5 percent jump in sale of the number of residential units has boosted Danube Properties’ market share of off-plan sales to 10.6 percent in 2018, compared to the 5 percent in 2017.

The company last year sold a total of 1,869 residential units, according to its annual report. Among the total number of properties sold by Danube Properties, 89 were ready-to-move-in while the rest 1,780 units were off-plan properties. The sales price of 1,869 units increased by 19.26 percent to Dh978 million last year, compared to the sales price of 1,047 units worth Dh820 million in 2017, the report shows.

Atif Rahman, Director and Partner of Danube Properties, says, “A developer’s strength of character and commitment reflects on the quality of construction and the number of project deliveries. Our record of continuous development and timely delivery of properties speaks volumes about our strong commitment to quality, timely delivery and our solid commitment to our home buyers.

“Today marks a great milestone in the history of Danube Properties as we will be delivering six out of the 12 projects launched by us, in less than five years. Our launch-to-delivery ratio is one of the highest in this region.”

All the apartments within Starz and Glamz are offered at an affordable price and with a convenient payment plan of 1 percent – something that Danube has pioneered in the UAE’s real estate market.

“However, we have not compromised on quality. What Danube has achieved over the last five years, is that it has changed the perception of affordable homes. What we are offering is – affordable luxury. Our properties are luxury properties, but offered at affordable price.

“With the launch of Starz in 2016, we pioneered in introducing specially designed modular furniture. This will help the residents maximise the use of available space by converting the living room into a bedroom at night. We remain committed to deliver happy communities with phenomenal value addition. I am confident, buyers of properties in Starz and Glamz will be extremely delighted with the quality of finishing and timely delivery,” Atif Rahman concludes.

Danube Properties has so far awarded Dh1.6 billion worth of construction contracts involving 10 of the 12 projects launched so far. In 2018, Danube completed construction of 358 residential units while it awarded construction contracts for 926 units.

Dubai-headquartered Danube Properties – a subsidiary of Danube Group that was founded by Indian real estate tycoon Rizwan Sajan – said its $266.3m (AED978m) sales in 2018 doubled its share in the off-plan market to 10.6%.

In a statement, the company revealed said 2018 was a successful year despite tough market conditions, adding that it sold 1,869 residential units in 2018.

Commenting on the company’s performance, Rizwan Sajan, founder and chairman of Danube Group, said: “Despite strong headwinds affecting the growth of the global economy, the UAE economy remains an oasis for growth.

“We see strong growth opportunities, and we remain fully committed to the local economy and the real estate sector with more project launches as we move forward,” added Sajan.

Danube has 12 projects in its portfolio, comprising 5,019 delivered and under-construction units, all worth $1bn (AED3.8bn). Last year, the developer completed 358 homes, and awarded construction contracts for 926 units.

Construction contract awards for 10 of Danube’s 12 projects to date are valued at $435.6m (AED1.6bn).

As of 2018, Danube Properties had a team of 220 professionals, up from 151 in 2017.

Danube Properties has taken up responsibilities to help and build the future by giving students specializing in Real Estate Management from SPJIMR, the opportunity to attend a specialized training program to help them understand the real estate sector and become industry leaders.

The training workshop took place on February 11, 2019, and was attended by five 18+ students along with their teacher. The purpose of this training workshop was to further understand the Danube group and Danube properties’ business structure and how the brand is so successful.

The event is part of Danube Properties’ Corporate Social Responsibility (CSR), that aims to develop local talents so that the industry could rely on home-grown human resources and advance in sustainable development.

The training started with Danube properties office tour, then corporate presentations on Danube group’s 25 years of reputable path and concluded by explaining the sales and marketing strategies that have been the pillars of Danube properties success. The workshop objectives were covered in depth to educate and motivate these young minds who are about to become the industry’s future pioneers, as the world is becoming more competitive, where only those with the exceptional strategies and execution techniques will lead.

While speaking about this activity, Mr Atif Rahman, Director and Partner of Danube Properties, said, “I am extremely glad to host this training at our Danube Properties Head office. I’m impressed by the hunger for knowledge these students have and it feels great to satisfy them. These students are our future. They are going to manage the future real estate world and each of them has the potential to be a great business leader.

“Danube Properties always supports CSR activities as such, which help in constructing a better community. As a developers, our key objective is not only to deliver projects on time and with supreme quality, but also to be useful in the society we live in. We promise to come up with more activities like this, to enhance the community and build the future by supporting great initiatives.”

At least one new property project and more Danube Home stores are in the pipeline for 2019, Sajan tells Construction Week

Danube Group’s real estate arm, Danube Properties, will focus development activity in Dubai this year, with the launch of at least one new project in the coming months, founder and chairman, Rizwan Sajan, said.

The real estate project will be unveiled in either March or April 2019, and will be similar in size and scale to the $149m (AED550m) Lawnz residential development launched in June 2018.

The unnamed community project will feature amenities such as a swimming pool, a gym, a running track, a cinema room, and shops.

In conversation with Construction Week‘s deputy editor Oscar Rousseau, Sajan told the Construction Week Viewpoint podcast that Danube was “very close” to acquiring the right land plot for its next project.

When asked if this would be Danube’s only new real estate project in 2019, Sajan said: “Our formula is very simple – once we launch a project, it should be sold at least by at least 75-80% [before] we put it to under construction, and only then do we move on to a new project. Am going to launch any other new projects? Yes, I will launch a new a new project, but only if I sell this one by 75-80%.”

Speaking on his plans to take the group forward in 2019, Sajan said the firm would create new jobs in 2019 as it opens more Danube Home stores in the GCC.

Construction Week Viewpoint is a weekly podcast show that regularly features business experts and commentators to discuss construction, real estate development, and related sectors in the Middle East.

Check Podcast:  https://soundcloud.com/constructionweek/podcast-danube-chairman-targets-more-dubai-projects

News Highlights

• Danube Properties sold out 1,032 units at Lawnz at the International City, including 350 units snapped up in 4 hours!
• Danube Properties offered studios starting from Dh290,000 at Lawnz
• Danube Properties delivered 831 residential units worth Dh1.12 billion including 171 townhouses within Dreamz project worth Dh500 million by March 2018
• Dubai-based developer plans to deliver 880 more units later this year
• Danube Properties portfolio exceeds US$1 billion involving 4,744 units in 11 projects

Dubai, UAE

Danube Properties, a major Dubai-based property developer, announced that its latest project – the Dh550 million Lawnz – has been sold out in 5 days from its launch.

The project’s Phase-1, which was launched on June 20, 2018 – right after the holy month of Ramadan and Eid celebrations, created a massive interest amongst the home buyers – who sees a greater value in Lawnz project – a gated community that provides all luxury community facilities and services – at a very affordable price that starts from Dh290,000.

“The sell-out of the Lawnz in the hot summer months – a very quiet and low season for business – is a live demonstration of the public faith in the Danube brand and the customers’ confidence in our ability to deliver quality homes at an affordable price and on time, which is very crucial for the end-users who invest their life savings with us,” Rizwan Sajan, Founder Chairman of Danube Group, said.

“This is also a strong testimony of the fact that there is no shortage of buyers if the properties are offered at the right location, right price, right payment plan and the right delivery schedule. Our industry trend-setting 1 percent payment per month, that helps the property buyers to move in to their homes after paying only around half the prices of the property – is a key to the success of our real estate projects.

“This payment plan – the first in the Middle East by a private developer – is an ideal solution for the UAE’s middle income households who were priced out by luxury developments. Danube Properties believes in inclusiveness and sees affordable homes as the future of the real estate market in the UAE.”

Lawnz, Danube Properties’ 11th project – the Dh550 million Lawnz at the International City – comprises of 1,032 units that raises its portfolio to 4,744 units with a development value exceeding Dh3.7 billion, spread across 11 successful projects.

Construction of the project is expected to start in 2018 with completion in 2020. Lawnz is Danube Properties’ first project at the International City and its first gated complex.

The Dh550 million Lawnz offers 1,032 residential units, ranging from studio, one and two-bedroom apartments. The project is conveniently located at the International City Phase 1. The Super lavish amenities include a massive 3.8 Acres Promenade which offers Canal, Sunken Plaza, a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, multi-purpose court and a high tech surveillance system for the protection and security of the residents. The property also comes with a 42 metres wide entrance and outdoor cinema.

Among the residential units, 50 percent of the units are studio apartments while 40 percent are one-bedroom apartments and 10 percent are two-bedroom apartments.

The building design and architectural aesthetic was created to reinforce the design strategy of Danube, which helps maximise 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.

Atif Rahman, Director and Partner of Danube Properties, says, “The customer response for the first phase of the project – about half of the total inventories – was amazing and overwhelming. However, the response to the second phase was even better – so much so that we sold 350 units in 4 hours – an industry record!

“One of the key aspects of our sales strategy was to give priority to the end-users and the first-time buyers, who used to view housing very unaffordable. However, our sale strategy put them at the forefront of our massive marketing campaign – by bringing down the price barrier below Dh300,000 for the first time in recent history.

“As a developer, we work for the satisfaction of home owners – our biggest stakeholders – and it is important to make them feel confident with our properties and our approach. It is exactly what we have done with Lawnz sales and I am glad that we now have a large customer pool who earlier could not think of buying a home in Dubai. Now they have bought their dream homes – from Danube Properties.”

Danube has delivered 831 properties so far including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 as well as 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year.

Danube Properties, part of the Danube Group, entered Dubai’s real estate market in June 2014 with Dreamz at Al Furjan – which was sold out at launch. Established in 1993, Danube Group, the UAE’s largest supplier of building materials and home furnishing, this year celebrates 25^th anniversary.

In 2017, Danube awarded five construction-related contracts with a combined value exceeding Dh392 million a year it started delivering homes. These include a Dh221 million main construction contract recently awarded for Miraclz Tower near Miracle Gardens at Arjan that will host 599 units including 591 apartments.

Danube Properties also awarded a Dh146 million contract for the main construction package for the Resortz project. The 17-month contract will see the project gets ready for occupancy by the second quarter of 2019. Resortz will host 444 units including 419 apartments, 25 retail outlets, landscaped environment that appears more like a five-star resort, than a residential compound.

Danube Properties has so far launched 11 residential projects, of which four have been delivered, two are getting ready for delivery while four others are at various stages of construction and one in tendering stage.

The company has one of the fastest development-to-delivery ratio in the region’s real estate market where timely delivery of properties remains a major challenge. That way, Danube Properties’ performance in construction and delivery is helping strengthen buyers’ trust in real estate.

 

Danube Project Development Fact-Sheet

Danube Projects	Residential Units	Development Value	Status
Dreamz	171 Townhouses	Dh500 million	Delivered
Glitz Residence I	151 Units	Dh135 million	Delivered
Glitz Residence II	151 Units	Dh135 million	Delivered
Glitz Residence III	358 Units	Dh350 million	Delivered
Starz Tower	454 Units	Dh300 million	Delivery in 2018
Glamz Residence	426 Units	Dh270 million	Delivery in 2018
Miraclz Tower	599 Units	Dh400 million	Under Construction
Resortz Tower	444 Units	Dh300 million	Under Construction
Bayz	463 Units	Dh450 million	Tendering Stage
Jewelz	463 Units	Dh300 million	Launched
Lawnz	1,032 Units	Dh550 million	Launched
Total 11 Projects	4,744 Residential Units	Dh3.69 billion	Development/Delivery

Editor’s Note

About Danube Properties

Danube Properties, part of the Danube Group, made its foray in to 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 and Lawnz projects.

The company currently has a development portfolio of 3,680 units, with a combined value exceeding Dh3.14 billion. It is delivering about 830 units in 2017-18, with a combined sales value of Dh1 billion – or a third of its portfolio value.

About Danube Group

Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is the known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength-to-strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella.

In 2015, the company recorded a turnover of Dh5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12^th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.

The company 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 5.5 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 company 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 has a team of more than 1,800 people working across strategic locations across the GCC and India.

Among its flagship companies, Danube Home – the Home Interior Retail arm – has showrooms in major shopping malls across the region and in India. In UAE it has showrooms in Sheikh Zayed Road, Dubai Festival City, Bawadi Mall – Al Ain, Abu Dhabi and standalone outlets in RAK, Fujairah and Abu Dhabi as well. In Oman we have 5 showrooms (Salala, Nizwa, Sohar, Baraka and Al Khuwair). Danube Home has a showroom in Bahrain – Salamabad as well.

News Highlights 

• Danube Properties offers studios starting from Dh290,000 at Lawnz
• Danube Properties delivered 831 residential units in four projects worth Dh1.12 billion
• Dubai-based developer plans to deliver 880 more units later this year
• Danube Properties portfolio exceeds US$1 billion involving 4,744 units in 11 projects

Danube Properties, a major Dubai-based property developer, announced that it has sold 80 percent of the Phase I of Lawnz – its Dh550 million affordable housing project – within three days of the project’s launch when buyers were seeing queueing up for tokens.

The company had earlier completely discouraged wholesalers seeking to buy out blocks of apartments for re-selling, so that the end-users could benefit from the opportunities created by Danube Properties with the super attractive pricing in the market.

The Phase I of the project consists of 515 residential units, comprising studio, one-bedroom and two-bedroom hall apartments with prices starting from Dh 290,000/- , 499,000/- and 699,000/- respectively.

Lawnz, Danube Properties’ 11th project comprises of 1,064 units which will take its portfolio to 4,744 units with a development value exceeding Dh3.7 billion in four years after its foray in the real estate market in 2014.

Construction of the project is expected to start in the third quarter of 2018 with completion in 2020. Lawnz is the first gated complex at the International City with state-of-the-art amenities.

“The huge response to Lawnz reflects the fact that there is no shortage of buyers for the right quality property to be built at the right location with the right pricing and the right payment plan,” Rizwan Sajan, Founder Chairman of Danube Group, said. “Prices of a studio apartment at Lawnz starts at Dh290,000 – the lowest price for such a property that also comes with high-quality finishing kitchen appliances and bathroom amenities. This is unprecedented in the market.

“On top of that, our attractive and industry trend-setting 1 percent per month payment ensures the delivery of the property after payment of 51 percent – meaning that the customer could either move in to the apartment after paying 51 installments and save the rents to pay for the rest of the 49 installments.

“Or the property investor could repay the balance 49 installments from rental income – if the property is bought for investment purpose. This means that the buyer actually acquires the property after paying half the price of the property!”

The Dh550 million Lawnz offers 1,032 residential units, ranging from studio, one and two-bedroom apartments. The project is conveniently located at the International City Phase 1. The super lavish amenities include a massive 3.8 acres promenade which offers canal, Sunken Plaza, a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, multi-purpose court and a high tech surveillance system for the protection and security of the residents. The property also comes with a 42 metres wide entrance and outdoor cinema.

Atif Rahman, Director and Partner of Danube Properties, says, “Ever since we started to tune in the market of the new project, our phones continued to ring from customers and brokers trying to understand the project. We have declined many requests from large investors to snap up part of the project and had decided to open the doors for the real property buyers who have been priced out by the high price in the market.

“Hundreds of property buyers lined up at our office to get appointment to buy the apartments. I am happy to announce that Lawnz has invoked unprecedented response that strengthened our self-belief in our ability to serve Dubai’s real estate market and property buyers in a bigger way. This demonstrates public trust in Danube Properties.

“Over the last four years, Danube Properties – with its customer-focused approached – has created a solid reputation in the market for delivering quality homes at affordable prices. Our customers who have moved into their dream homes offer solid testimonies of the good work put together by our team.

“Lawnz reflects our focus on community living and our strong belief in customer happiness in line with the vision of the UAE’s leadership to build a happy nation.

“The strong response of our project launched in the middle of summer season and after Ramadan, reflects the fact that Danube has defied the industry trend in a low season. Lawnz proved that buyers will continue to buy homes regardless of the timing. There is no bad timing for the launch of a good project.”

Danube has delivered 831 properties so far including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 as well as 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year.

Danube Properties, part of the Danube Group, entered Dubai’s real estate market in June 2014 with Dreamz at Al Furjan – which was sold out at launch. Established in 1993, Danube Group, the UAE’s largest supplier of building materials and home furnishing, this year celebrates 25^th anniversary.

Danube Properties has so far launched 11 residential projects, of which four have been delivered, two are getting ready for delivery while four others are at various stages of construction and one in tendering stage.

The company has one of the fastest development-to-delivery ratio in the region’s real estate market where timely delivery of properties remains a major challenge. That way, Danube Properties’ performance in construction and delivery is helping strengthen buyers’ trust in real estate.

Danube Project Development Fact-Sheet

Danube Projects	Residential Units	Development Value	Status
Dreamz	171 Townhouses	Dh500 million	Delivered
Glitz Residence I	151 Units	Dh135 million	Delivered
Glitz Residence II	151 Units	Dh135 million	Delivered
Glitz Residence III	358 Units	Dh350 million	Delivered
Starz Tower	454 Units	Dh300 million	Delivery in 2018
Glamz Residence	426 Units	Dh270 million	Delivery in 2018
Miraclz Tower	599 Units	Dh400 million	Under Construction
Resortz Tower	444 Units	Dh300 million	Under Construction
Bayz	463 Units	Dh450 million	Tendering Stage
Jewelz	463 Units	Dh300 million	Launched
Lawnz	1,064 Units	Dh550 million	Launched
Total 11 Projects	4,744 Residential Units	Dh3.69 billion	Development/Delivery

Editor’s Note

About Danube Properties

Danube Properties, part of the Danube Group, made its foray in to 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 and Lawnz projects.

The company currently has a development portfolio of 4,744 units, with a combined value exceeding Dh3.69 billion. It has delivered about 831 units with a combined sales value of Dh1.12 billion.

About Danube Group

Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength to strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella.

In 2015, the company recorded a turnover of Dh5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12^th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.

The company 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 5.5 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 has a team of more than 1,800 people working across strategic locations across the GCC and India.

Among its flagship companies, Danube Home – the Home Interior Retail arm – has showrooms in major shopping malls across the region and in India. In UAE it has showrooms in Sheikh Zayed Road, Dubai Festival City, Bawadi Mall – Al Ain, Abu Dhabi and standalone outlets in RAK, Fujairah and Abu Dhabi as well. In Oman we have 5 showrooms (Salala, Nizwa, Sohar, Baraka and Al Khuwair). Danube Home has a showroom in Bahrain – Salamabad as well.

• Danube Properties launched AED 300 million tenth project Jewelz
• The new Project offers 463 fully furnished residential units
• Offering luxury living at an affordable price and 15% returns on the total investment along with the benchmark 1 percent monthly payment plan

7^th March 2018; Dubai, UAE: Following on from the sales success of its projects, the UAE’s leading developer Danube Properties announced its highly anticipated 10th Project called Jewelz, showcasing the future of affordable luxury housing. The project was unveiled by Mr Rizwan Sajan the Founder & Chairman of the Danube Group and Mr Atif Rahman, the Director and Partner, Danube Properties Development, in the presence of the Media, Brokers as well as Senior Management of the company.

The AED 300 million project offers 463 residential units, ranging from Studio, One & Two-Bedroom Apartments. 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 equipped Health Club, Swimming Pool, Steam & 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% space to open areas with an emphasis on greenery and landscapes.

Commenting on the launch, Mr 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 endeavor 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”.

Mr Atif Rahman, Director and Partner of Danube Properties said, “I am pleased to launch our latest project today. This takes our portfolio to AED 3.14 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 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.”

Editor’s Note

About Danube Group

Danube Group traces its origin through Danube Building Materials. Established in 1993, the company 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 5.5 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 company in the region, with its diversified branches worldwide including UAE, Oman, Bahrain, Saudi Arabia, Kuwait and India. In addition to procurement offices in China, the Danube Group has a team of 3000 plus people working across strategic locations across the GCC and India.

About Danube Properties:

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.

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.

For further information, kindly contact:

Anamika Pandey

Senior Public Relation Executive

Danube Group Corporate Headquarters

Jebel Ali Free Zone

P.O. Box 18022

Tel: +9714 8085587