High Demand Propels Danube Properties to Launch Dh900 Million Elitz 2 Project in Jumeirah Village Circle

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.