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 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.

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