NEW DELHI: Danube Properties, one of the most dynamic and popular private real estate developers in the UAE, has sounded that it’s soon coming up with a new property in the Dubai market.
In October 2021, Danube Properties had launched ‘Skyz by Danube’ which was 100% sold out in a record-breaking time. Hence the upcoming launch of a new property also comes as big bang news from the Danube Properties. Though the developer has not yet disclosed the name of this property, it’s currently going to announce this off-plan property this month amidst a huge media blitz.
Rizwan Sajan – Chairman and Founder of Danube Group
Rizwan Sajan, Founder & Chairman ofDanube Group said, “We are bullish over the fast growing real estate market in Dubai as the steps that the government has taken in the last couple of years have been truly encouraging for the economy and the industry. The Dubai real estate market is looking up and the investor confidence is back. The government has eased Covid-19 restrictions and PCR testing is not required to enter and exit Dubai.This improving scenario and the emerging high demand have encouraged us to come up with yet another real estate marvel which we will unveil soon.”
This particular project is a tad bit different from the other projects and will have luxurious elements in it including multiple amenities. The developer has been tight-lipped about the same as the huge announcement will create ripples in the market. Spread over a built area of approx. 5 lakh Sq ft., the project will have luxury apartments with world-class amenities such as Swimming Pool, Kids Pool, Toddler Pool, Health Club, Party Hall, Outdoor Sitting, Shaded Yoga Area, Jacuzzi, Sauna, Barbeque Area, Kids Outdoor Play Area, Jogging Track, Outdoor Party Area, Landscape with Water Feature.The value of the project is estimated to be AED 300 million (INR 600 crore).
Danube Properties’ earlier project ‘Skyz Tower’ in Dubai elicited an overwhelming response from end-users and investors. It is a Mediterranean-themed high-rise residential project with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding Dh475 million.
Danube Properties stays committed to launch state-of-the-art projects for its valued customers and its belief since inception has been to deliver projects on time without any compromise on quality.
As per the recent reports, the residential real estate market in UAE is poised to grow at a CAGR of 12.36% by 2026. The property prices in the city over the past six months have gone up by 30-35 per cent, still the property in Dubai is cheaper compared to many other major international hubs such as Hong Kong and London. Interest rates right now are very low and mortgage rates are extremely attractive. Dubai has emerged as an attractive investment destination for property-seekers, especially the Indians as currently the apartment prices here are still low and make for an attractive investment.
The Dubai property market continues to be led by end-users. Moreover, the policies that the government has come up with, such as the Golden Visa and the 100 per cent ownership rights to expats have helped build confidence in investors interested in setting up their businesses here. Consequently, it is expected that there will be a massive real estate boom ahead. Hence the time to buy property is now because later the homebuyers will not get the same prices that they are seeing in Dubai property market at present.