Published On: June 22, 2023Categories: Apartments, Business2.8 min read553 wordsViews: 92

Danube Properties launched eight projects in 16 months while it prepares to deliver three projects with 1,303 apartments this year

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 $245 million in the presence of HE 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 start from $177,111 for a studio apartment. However, the prices of the units will continue to appreciate with time, making them worth investing in. Danube Properties’ homes come with an attractive 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 into the apartment after paying 60% 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.

Responding to high demand

Elitz 2 is Danube Properties’ 23 residential project in 9 years since the company started development activities in 2014 and the eighth project in a row to be launched in the last 16 months, which translates to one project launch every two months – making it also the busiest private real estate developer in the UAE.

“The launch of Elitz 2 comes within a week after we completed Wavez and broke 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 the 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 – which reflects our strong commitment to home buyers and investors in line with our slogan – We launch, we deliver”.

Sustainability commitments

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.

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