Advertisement
| 13 June, 2018

Danube Properties to begin $81mln Jewelz construction

The project is slated for completion in 2020

Image used for illustrative purpose.
United Arab Emirates, Dubai, Sheikh Zayed Road

Image used for illustrative purpose. United Arab Emirates, Dubai, Sheikh Zayed Road

Getty Images
DubaiDanube Properties has announced that it will begin the construction of its tenth project in Dubai, named Jewelz.

Slated for completion in 2020, the AED 297.5 million ($81 million) Jewelz project is is currently at the tendering stage.

“Jewelz Project offers a return on investment that no financial products in today’s market can match,” Danube Group’s chairman Rizwan Sajan commented.

The new development will provide a 15% return on investment annually, according to a statement.

Advertisement

Unveiled in March, Jewelz will comprise 463 units including one- and two-bedroom apartments, a swimming pool and steam and sauna room – along with multi-purpose hall, running track, barbecue deck, badminton and tennis courts.

"The attractive 15% return on investment has attracted a lot of property buyers and investors to invest in Jewelz, as it offers one of the highest returns on investment in Dubai’s real estate,” director and partner of Danube Properties Atif Rahman said.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.