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Dubai’s Danube Properties has snapped up a prime Business Bay plot from Shuaa Capital for a reported AED190m ($52m).

Danube Properties plans to develop a state-of-the-art residential tower on the acquired plot.

Shuaa Capital announced that it arranged the sale of a prime plot of land in Business Bay, Dubai to Danube Properties.

Dubai land sale

This transaction is part of Shuaa Capital’s ongoing strategy to consolidate its asset portfolio, driving value for its shareholders and supporting the growth of Dubai’s real estate market.

Danube Properties has been at the forefront of Dubai’s booming real estate market.

Danube Properties launched six projects, worth AED3.42bn ($931m) 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 AED10bn ($2.7bn).

Dubai’s real estate market has demonstrated incredible buoyancy and expansion in recent years.

The driving forces behind this surge include robust demand for high-quality properties, growing foreign investment, and a dependable regulatory framework.

The sale of this premium plot to Danube Properties reflects Shuaa Capital’s strategic commitment to leverage favourable market dynamics.

Fawad Tariq Khan, Group Chief Executive Officer of Shuaa Capital, said: “We are delighted to reveal this transaction with Danube Properties, with whom we have a growing relationship.

“This agreement underscores our dedication to generating shareholder value and participating in the advancement of Dubai’s real estate sector.

“Our strategy focuses on recognising and seizing opportunities that resonate with the ever-evolving UAE market.”

This project aligns with Danube Properties’ vision to create affordable, high-quality living spaces for residents of Dubai.

Rizwan Sajan, Founder and Chairman of Danube Group said, “As one of the fastest-growing private real estate developers in the UAE, we are always on the lookout for prime plots of land in key development areas.

“This purchase will help Danube Properties to create a more attractive project for investors and home buyers to invest and benefit from future price appreciation, due to its attractive location.

“Business Bay forms the new business district and once completed, will create a vibrant downtown at the heart of Dubai, where we already have delivered Bayz – one of our key projects.

“Purchase of this particular piece of land will help us strengthen Business Bay as a vibrant downtown where people will be able to live, work and do business – at a location next to Burj Khalifa, the world’s tallest tower.”

Danube Properties, a growing private real estate developer in the UAE, plans to invest over Rs 2000 crore to develop Elitz 2 at the Jumeirah Village Circle (JVC), Dubai.

Dubai property market has seen growing demand from Indian homebuyers in the past few quarters. Dubai, in particular, remains an attractive destination for investors and high-net-worth individuals (HNIs) from across the globe.

Dubai: Homes 4 Life Real Estate, a prominent real estate agency in Dubai, is proud to announce their remarkable achievement as the 2nd Best Sales Performers at the prestigious Danube Properties Annual Brokers Awards 2023. The ceremony took place on June 20, 2023, at The Grand Hyatt Hotel in Dubai, where industry leaders gathered to celebrate excellence in the real estate sector.

The Danube Properties Annual Brokers Awards honor real estate agencies and professionals who have demonstrated outstanding sales performance and exceptional service in promoting the offerings of Danube Properties. Homes 4 Life Real Estate’s exceptional performance and unwavering commitment to their clients have earned them this distinguished accolade.

Nitin Giyanani, Managing Partner at Homes 4 Life Real Estate, expressed his gratitude for the recognition, stating, “We are thrilled to be recognized as the 2nd Best Sales Performers at the Danube Properties Annual Brokers Awards 2023. Danube Properties has been a total game changer in Dubai Real Estate, and their 1% monthly payment plan has made luxury properties in Dubai accessible to everyone. We are proud to be associated with Danube Properties and will continue to deliver exceptional results to our clients.”

The success of Homes 4 Life Real Estate can be attributed to their strong partnership and shared vision with Danube Properties. Pulkit Sharma, Business Partner at Homes 4 Life Real Estate, highlighted the synergy between the two organizations, stating, “Danube Properties and Homes 4 Life have a lot in common. Our synergies match perfectly with what our clients expect, allowing us to perform exceptionally well consistently. We are grateful for the trust our clients have placed in us and are dedicated to exceeding their expectations.”

The Danube Properties Annual Brokers Awards is a testament to the commitment and professionalism of Homes 4 Life Real Estate’s team, who strive to provide outstanding real estate services to their clients. This recognition further strengthens the agency’s position as a leading player in Dubai’s competitive real estate market.

United Arab Emirates (UAE)-based real estate firm Danube Properties, a part of the Danube Group, announced the launch of its residential project Elitz 2 at the Jumeirah Village Circle (JVC) in Dubai with a development value over Dh900 million, the company said.

It said that the project was launched in the presence of UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi and Bollywood actor Malaika Arora. The company said that the project will have smart and sustainable homes that consume less energy and comply with green building standards that are in line with the UAE’s commitment to sustainability.

Rizwan Sajan, Founder and Chairman of Danube Group, said, “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. 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 more than 40 lifestyle facilities, homes in Elitz 2 offer luxury lifestyles to homeowners, who will be pampered with the best of the best that is available in the market.”

Elitz 2 will be near Elitz 1 tower, which is currently under construction. Launched in 2022, Elitz 1 over 40 percent of investments was seen from Indians, the real estate firm said.

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. Prices of residential units start from Dh650,000 (Rs 1.45 crore) for a studio apartment, the company said.

https://www.moneycontrol.com/news/business/real-estate/uae-based-real-estate-firm-danube-properties-to-launch-dh900-million-housing-project-elitz-2-in-dubai-10841821.html

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 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, one-bedroom, two-bedroom and three-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 one per cent 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 nine 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,” said Rizwan Sajan, founder and chairman at Danube Group.

“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.

https://www.khaleejtimes.com/kt-network/high-demand-propels-danube-properties-to-launch-dh900-million-elitz-2-project-in-jvc

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.

Businesses across the UAE are preparing for the introduction of the federal corporate tax, which takes effect from June 1.

It will be the most significant tax after the UAE introduced the 5 per cent value added tax in 2018 on a majority of goods and services as part of its plans to diversify the economy and reduce its dependence on hydrocarbons.

The new corporate tax will be enacted at a standard statutory rate of 9 per cent for companies whose financial year begins on or after June 1.

The Ministry of Finance brought the income of companies exceeding Dh375,000 ($102,000) within the taxable bracket.

Taxable profits below that threshold will be subject to a 0 per cent rate.

The National takes a closer look at how businesses in the UAE have prepared for the coming tax.

The Ministry of Finance has been issuing several decisions related to the tax in recent weeks to provide more clarity.

Last week, it issued three new ministerial decisions that explained exemptions and the preparation of financial statements before the introduction of corporate tax.

“We have strengthened the due diligence process in our accounting system to weed out any anomalies,” said Rizwan Sajan, founder and chairman of Danube Group, a building materials company.

“We are conducting impact analysis for the group and adopting necessary changes, making sure that we are ready for the smooth implementation of corporate tax.”

The Federal Tax Authority, responsible for the administration, collection and enforcement of the tax, opened up the EmaraTax digital tax services platform for public joint stock companies and private companies to register from May 15.

“Early corporate tax registration will allow ample time for companies and businesses to comply with their legal obligations,” the FTA said.

https://www.thenationalnews.com/business/economy/2023/05/31/how-uae-businesses-have-prepared-for-corporate-tax/?outputType=amp

Dubai, UAE: In a historic development, Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic private real estate developers, signed a landmark agreement with Dubai Land Department to deliver on-site Initial Sale Contract (Oqood) almost instantly.

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.

About Danube Properties

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.

For additional information on Danube Properties, visit: www.danubeproperties.ae

About Danube Group

Danube Group is a Dubai-based diversified business conglomerate with interests in building materials, home décor, and property development. Established in the year 1993 by Founder and Chairman Rizwan Sajan – Danube Group, an Emirati Businessman has achieved a US$1.3 billion (Dh5 billion) annual turnover in 2019.

The group’s flagship company, Danube Building Materials FZCO, 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 its multiple sets 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 amount to 5 million square feet and includes a 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 property developers in Dubai with a portfolio of 10,713 units in 14 projects, worth over Dh 10 billion. It has delivered 7 out of the 14 projects in six years. Danube Group has a team of 4,200 plus people working across strategic locations across the GCC and India.

The first-ever FashionTV residential building is going to be built in Jumeirah Village Triangle and the plans seem pretty extra.

A collaboration between Danube Properties and FashionTV, the residential tower Fashionz by Danube will have over 700 apartments and some crazy leisure spaces.

Early plans for the skyscraper detail that Fashionz by Danube will include its very own skating rink, fashion school, outdoor cinema, a Japanese garden, trampoline park, dance studio, meditation room, outdoor chess set and padel court.

Not only will the sleek building home all of that, but there will also be restaurants, a rooftop bar with a pool and a number of cafes.

Future tenants can also look forward to having a doctor in the building who will be on call for any health concerns.

The building is being marketed as luxury but affordable. Rizwan Sajan, founder and chairman of Danube Properties said, “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.”

Apartments in the glamorous building will start from Dhs850,000 to buy.

Pitched at Bollywood stars, Danube has reported that a number of famous Indian names have visited their offices already – including Kartik Aryan, Sanjay Dutta, Govinda, Ankit Tiwari, Meet Bros, Kiku Sharda, and Sunny Leone.

https://www.timeoutdubai.com/news/fashionz-by-danube-plans-revealed

Danube Properties launches Fashionz by Danube and FashionTV in collaboration with FashionTV.

Fashionz by Danube and FashionTV is an opulent residential tower situated in the center of Dubai, comprising of over 700 apartments spanning across 65 floors, and with apartment prices beginning at AED 850,000.

Rizwan Sajan, founder and chairman of Danube Properties, said: “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, commented: “I believe this project will perfectly reflect our brand’s values and aesthetics.”

“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.”

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.

The Dubai-based developer expects to complete the 56-storey ‘Fashionz’ residences by January 2027, reported Zawya Projects.

Other Danube projects

Danube Properties 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.

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.

https://www.constructionweekonline.com/business/danube-properties-launches-65-floor-residential-tower