Danube Properties offers special discounts to buyers on 50 ready apartments as well as 200 off-plan units at the Cityscape

News Highlights 

• Danube offers 25/75 payment plan on ready properties with 100 monthly payment @0.75% per month

• Developer offers 2-6% discount on off-plan projects and 4% brokerage commission

• Danube Properties delivered 831 residential units worth Dh1.12 billion including 171 townhouses within Dreamz project worth Dh500 million by March 2018

• Dubai-based developer plans to deliver 880 more units later this year

• Danube Properties portfolio exceeds US$1 billion involving 4,744 units in 11 projects

Dubai, UAE: Danube Properties, a major Dubai-based property developer, announces special offers on very limited ready properties and off-plan apartments at the Cityscape Global exhibition that takes place from October 2 to 4, 2018.

Danube is offering 2-6 percent discount on off-plan properties and 4 percent brokerage commission as well as 25/75 payment plan on ready-to-move-in homes where the buyer pays 25 percent upfront, checks into the home and pays the rest 75 percent at the rate of 0.75 percent for 100 months. This is the lowest monthly installment ever seen in the property market in the region.

The developer has already launched 11 projects involving 4,744 apartments with a combined value exceeding Dh3.7 billion (US$1 billion), since its inception four years ago. Of these, the company has already delivered 831 residential units with a development value exceeding Dh1.12 billion.

“We are proud to participate at the Cityscape Global exhibition and conference. Cityscape is a benchmark industry event for the region’s real estate sector that helps the industry stakeholders to understand the market pulse. At this Cityscape, Danube Properties will showcase some of its ongoing projects to help customers make informed choice of their homes – both in the off-plan and ready-to-move-in apartments,” Rizwan Sajan, Founder Chairman of Danube Group, said.

“We are launching special discounts for fresh buyers to benefit from the lower price at the Cityscape Global exhibition.

“In this Cityscape, our team will focus on selling off the 250 properties that are yet to be sold.”

Danube Properties had earlier launched its 11th project – the Dh550 million Lawnz at the International City – Comprising of 1,064 units which takes its portfolio to 4,744 units with a development value exceeding Dh3.7 billion.

Construction of the project is expected to start in 2018 with completion in 2020. Lawnz is Danube Properties’ first project at the International City and its first gated complex.

Atif Rahman, Director and Partner of Danube Properties, says, “The 25/75 payment plan for ready properties are perhaps the best one could dream of. First, it brings down the monthly installment payment below our industry benchmark 1 percent to 0.75 percent per month – something that beats any available finance package.

“Besides, the 2-6 percent discount for off-plan properties is a very good offer and the customers could achieve up to 6 percent cost savings if they buy them at the Cityscape.

“This way, the home buyers don’t need to get any sorts of bank finance and any middle-income families now could start living into their freehold homes. We believe our current offers are good enough to encourage tenants to start buying homes.

“At Danube, we have a very successful sales track record. However, we have been at the forefront of the affordable luxury home segment that offers luxury homes at an affordable price. We have successfully reduced the price barriers to such a level that the property buyers snap up the inventories – that are offered to the end users first.”   

The Lawnz that offers 1,064 residential units, ranging from studio, one and two-bedroom apartments, has been sold out in a few weeks after its launch. The project is conveniently located at the International City Phase 1. The Super lavish amenities include a massive 3.8 Acres Promenade which offers Canal, Sunken Plaza, a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, multi-purpose court and a high tech surveillance system for the protection and security of the residents. The property also comes with a 42 metres wide entrance and outdoor cinema.

Among the residential units, 50 percent of the units are studio apartments while 40 percent are one-bedroom apartments and 10 percent are two-bedroom apartments.   

Danube has delivered 831 properties so far including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 as well as 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year.

Danube Properties, part of the Danube Group, entered Dubai’s real estate market in June 2014 with Dreamz at Al Furjan – which was sold out at launch. Established in 1993, Danube Group, the UAE’s largest supplier of building materials and home furnishing, this year celebrates 25^th anniversary.

In 2017, Danube awarded five construction-related contracts with a combined value exceeding Dh392 million a year it started delivering homes. These include a Dh221 million main construction contract recently awarded for Miraclz Tower near Miracle Gardens at Arjan that will host 599 units including 591 apartments. 

Danube Properties also awarded a Dh146 million contract for the main construction package for the Resortz project. The 17-month contract will see the project gets ready for occupancy by the second quarter of 2019. Resortz will host 444 units including 419 apartments, 25 retail outlets, landscaped environment that appears more like a five-star resort, than a residential compound.

Danube Properties has so far launched 11 residential projects, of which four have been delivered, two are getting ready for delivery while four others are at various stages of construction and one in tendering stage.

The company has one of the fastest development-to-delivery ratio in the region’s real estate market where timely delivery of properties remains a major challenge. That way, Danube Properties’ performance in construction and delivery is helping strengthen buyers’ trust in real estate.

Danube Project Development Fact-Sheet

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About Danube Properties

Danube Properties, part of the Danube Group, made its foray in to the real estate market in June 2014, by launching the Dh500 million 171 townhouses at Al Furjan. Since then, it continued to expand its development portfolio by launching Glitz Residence I, II, III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz and Lawnz projects.

The company currently has a development portfolio of 3,680 units, with a combined value exceeding Dh3.14 billion. It is delivering about 830 units in 2017-18, with a combined sales value of Dh1 billion – or a third of its portfolio value.

About Danube Group

Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is the known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength-to-strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella.

In 2015, the company recorded a turnover of Dh5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12^th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.

The company provides more than 25,000 products in stock and in-house value added services in all of its multiple set of showrooms across the Middle East region and India. The company operates from its head offices in JAFZA with logistics facilities across the region which amounts to 5.5 million square feet and includes kiln drying facility, factory and warehouses of the group.

From a small trading firm, Danube has grown into one of the largest building materials company in the region, with its diversified branches worldwide including UAE, Oman, Bahrain, Saudi Arabia, Qatar and India, in addition to procurement offices in China and Canada. Danube has a team of more than 1,800 people working across strategic locations across the GCC and India.  

Among its flagship companies, Danube Home – the Home Interior Retail arm – has showrooms in major shopping malls across the region and in India. In UAE it has showrooms in Sheikh Zayed Road, Dubai Festival City, Bawadi Mall – Al Ain, Abu Dhabi and standalone outlets in RAK, Fujairah and Abu Dhabi as well. In Oman we have 5 showrooms (Salala, Nizwa, Sohar, Baraka and Al Khuwair). Danube Home has a showroom in Bahrain – Salamabad as well.

For further information, kindly contact:
Nazneen Kassabwala
Danube Properties Head Office
Sheikh Zayed Road, P.O. Box 113806, Dubai UAE
Tel: + 971 4 312 2700
Fax: + 971 4 399 8222
Cell: +971 56 5369952
Email: pa@danubeproperties.ae
Web: www.danubeproperties.ae

© Press Release 2018