Danube Properties, the fastest-growing non-public actual property developer within the UAE, publicizes the launch of Elitz 3 on the Jumeirah Village Circle (JVC), with a improvement worth exceeding INR 1800 Crore. The undertaking can be in the identical space as Elitz and Elitz 2 towers – that are at the moment beneath development on the JVC – and assist meet the rising demand from Indians for high quality houses. Danube Properties can be witnessing an elevated variety of Indians choosing the well-known 1% plan, the place the month-to-month fee is ready at only one % per thirty days whereas the steadiness fee is collected after the constructing is prepared. Elitz 2 has witnessed over 42% of Indians investing within the undertaking and 100 % of them choosing the one % plan.
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Danube Properties launches Elitz 3 Challenge
“Dubai’s actual property market continues to defy world financial slowdown because of its dynamism and attractiveness and we see sustained development within the close to future, which reinforces our agency perception available in the market. That is what has inspired us to launch Elitz 3 inside only a month after launching Elitz 2 on the Jumeirah Village Circle (JVC). With Dubai turning into the worldwide hub for the actual property market, Indians have been on the forefront of investing within the UAE market as Dubai has develop into their favorite vacation spot for property investments,” Rizwan Sajan, Founder and Chairman of Danube Group, mentioned.
“The UAE’s management in dealing with the COVID-19 pandemic and managing the post-pandemic restoration has drawn the eye of the worldwide investor group who’ve began to relocate their sources to the UAE, as evident within the rising variety of vacationers, businessmen, new enterprise arrange and buy of each off-plan and ready-to-move-in residences and villas. The launch of the Elitz 3 comes after Dubai’s actual property market has seen an unprecedented surge within the variety of actual property transactions reaching 60,440 value Dh 177.3 billion being recorded in the course of the first half of the yr. The worth of actual property gross sales recorded within the first six months of the yr exceeds the annual gross sales worth recorded every year in Dubai from 2009 to 2021. Actual property is at the moment the largest driver of Dubai’s financial system that’s attracting a big pool of home and overseas funding,” Rizwan Sajan added.
When accomplished within the fourth quarter of 2026, the twin-tower undertaking Elitz 3 will rise 40 and 46 flooring excessive and ship 750 residential items together with studio residences, 1-bedroom, 2-bedroom, and 3-bedroom residences, and some retail shops. Like most different Danube initiatives, houses at Elitz 3 additionally include greater than 40 group, well being, and way of life facilities together with a well being membership, swimming swimming pools, sports activities enviornment, tennis courtroom, barbecue space, and jogging monitor, amongst different services.
Costs of residential items begin from INR 1.57 crore / Dh 699,000 (US$190,305) for a studio house, making them a sexy proposition for dwelling consumers and buyers who may benefit from the continual value appreciation as the actual property sector is witnessing a rise in demand. Danube Properties’ houses include a sexy fee plan with a trend-setting 1 % month-to-month fee plan, following the preliminary deposits – making dwelling acquisition extra inexpensive and engaging.
The houses are normally delivered round mid-way by the fee plan, which suggests the client can transfer into the house after paying 65 % of the entire worth of the property. This helps owners extract extra worth both by growing financial savings on the hire or by paying the equated month-to-month installments (EMI) from the rental earnings.
Danube Properties maintains a coverage of launching one undertaking at a time, promoting it out, after which appointing a contractor to construct the undertaking, earlier than launching the subsequent one. It has delivered 11 of them whereas the remainder are at the moment beneath numerous levels of development.
Along with launching initiatives and constructing them, Danube Properties may also ship three initiatives this yr together with Wavez, Jewelz, and Olivz. Many of the initiatives launched in 2022 and 2023 are forward of the development and supply schedule.
“Elitz 3 comes with greater than 40 way of life services that provide luxurious and larger-than-life existence to owners who can be pampered with the most effective of the most effective that’s obtainable available in the market. With the elevated variety of way of life services and facilities, we’re step by step increasing and upgrading the consolation degree to our consumers who see an more and more better worth in our properties. Our trend-setting 1 % month-to-month fee scheme helps increasingly more tenants to purchase property and luxuriate in dwelling in their very own houses which has elevated the variety of freehold owners within the UAE,” Rizwan Sajan mentioned.
Elitz 2 houses can be good and sustainable houses and can eat much less vitality – in step with the “12 months of Sustainability” forward of COP28.
Danube Properties presents owners a 10-year Golden Visa – particularly those that qualify as per the funding standards – topic to authorities approval. As a testomony to the Dubai Land Division belief, the DLD additionally signed an settlement with Danube Properties to supply an Preliminary Sale Contract (Oqood) to property consumers nearly immediately.
Danube Properties final yr launched and bought out 5 initiatives with 2,099 houses value Dh2 billion. As one of the crucial profitable builders within the UAE with the best launch-to-delivery ratio, Danube Group has not too long ago delivered Bayz, Elz, Glamz, Lawnz, Resortz, and Starz, and whereas it’s getting ready to ship three extra initiatives this yr. All these initiatives have been tremendously appreciated by those that have purchased items in them.