High demand from Indians propels Danube Properties to launch Dh900 million Elitz 2 project in Dubai

Bollywood Superstar Malaika Arora launches Danube Properties new project in Elitz 2 in Dubai

         Elitz 1 witnessed investment from over 40% Indians

 

Danube Properties (a part of the Danube Group), 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 Dh900 million in the presence of His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade and Bollywood Superstar Malaika Arora. Danube Group, a diversified business conglomerate, was launched by Rizwan Sajan, one of the ‘Top Indian Leaders in the UAE’. Danube Home, from Danube Group, is one of the largest home décor retailers in the GCC with a growing footprint across the region, including India with three showrooms spread across Bengaluru and Hyderabad.

Elitz 2 is the 23^rd residential project by Danube Properties in the past 9 years since the company started development activities in 2014 and the 8th project in a row to be launched in the last 16 months, that translates to one project launches in every two months – making it also the busiest private real estate developer in the UAE. Danube Properties maintains a policy of launching one project at time, sell it out, then appoint a contractor to build the project, before launching the next one. It has so far sold out 22 of the 23 projects launched so far and delivered 12 of them while the rest are currently under various stages of construction.

The project will have smart and sustainable homes that consume less energy and comply to green building standards that is in line with the UAE’s commitment to sustainability. 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.

Rizwan Sajan, Founder and Chairman of Danube Group, said, “The launch of Elitz 2 is in response to the continued high demand for quality homes and comes within less than two months of launching of Fashionz project which is nearly sold out. Elitz 2 is one of our large projects in terms of the number of residential units – 750 to be specific – that is to cater to the growing demand. With a more than 40 lifestyle facilities homes in Elitz 2 offer luxury and larger-than-life lifestyle to homeowners who will be pampered with the best of the best that is available in the market.”

Elitz 2 will be near Elitz 1 tower – which is currently under construction – and will help meet the growing demand for quality homes at prime locations. Launched in 2022, Elitz 1 witnessed investment from over 40% Indians. 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 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 starts from Dh650,000 (₹ 1.45 Crore) for a studio apartment. However, prices of the units will continue to appreciate with time, making them worth investing in. Danube Properties’ homes come with attractive and trend-setting 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 in the apartment after paying 60 percent 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.

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

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.  

 

Danube Project Development Factsheet:

No	Danube Projects	Residential Units	Sales Value	Status
1	Dreamz	171 Townhouses	Dh500 million	Delivered
2	Glitz Residence I	151 Units	Dh132 million	Delivered
3	Glitz Residence II	151 Units	Dh136 million	Delivered
4	Glitz Residence III	358 Units	Dh350 million	Delivered
5	Starz Tower	454 Units	Dh289 million	Delivered
6	Glamz Residence	426 Units	Dh270 million	Delivered
7	Miraclz Tower	599 Units	Dh400 million	Delivered
8	Resortz Residence	444 Units	Dh300 million	Delivered
9	Bayz Tower	463 Units	Dh468 million	Delivered
10	Jewelz Residence	463 Units	Dh300 million	Delivering soon
11	Lawnz Residence	1,063 Units	Dh550 million	Delivered
12	Elz Residence	275 Units	Dh130 million	Delivered
13	Wavez Residence	434 Units	Dh200 million	Delivering soon
14	Olivz Residence	411 units	Dh200 million	Under Construction
15	Skyz Residence	829 units	Dh487 million	Under Construction
16	Pearlz By Danube	302 units	Dh300 million	Under Construction
17	Gemz By Danube	279 units	Dh364 million	Under Construction
18	Opalz By Danube	575 units	Dh525 million	Under Construction
19	Petalz By Danube	350 units	Dh280 million	Under Construction
20	Elitz Towers	581 units	Dh550 million	Under Construction
21	Viewz Towers	1,132 units	Dh2.05 billion	Ground Broken
22	Fashionz	803 units	Dh1 billion	Launched
23	Elitz II	750 units	Dh900 million	Launched
	Total 23 Projects	11,464 Units	Dh10.68 billion	Construction/Delivery

About Danube Properties

Danube Properties, part of the Danube Group, made its foray into 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, Elz, Lawnz, Wavez, Olivz, Skyz, Pearlz, Gemz, Opalz, Petalz, Elitz I, Viewz, Fashion and Elitz 2 projects. The company currently has a development portfolio of 11,464 units, with a combined value exceeding Dh10.68 billion. It has so far delivered 4,555 units with a combined sales value of Dh3.63 billion and 1,308 units will be delivered in 2023.

For additional information on Danube Properties, visit: www.danubeproperties.ae

About Danube Group

Danube Group is a Dubai-based diversified business conglomerate with interests in building materials, home décor and real estate development. Established in the year 1993 by Founder and Chairman Rizwan Sajan – a UAE-based entrepreneur – Danube Group has achieved US$1.3 billion (Dh5 billion) annual turnover in 2019. The group’s flagship company, Danube Building Materials FZCO, it is the largest supplier of quality building materials in the Gulf Cooperation Council (GCC) countries. It provides more than 25,000 products in stock and in-house value-added services in all 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 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’ companies 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 Home is one of the largest home décor retailers in the GCC with a growing footprint across the region. Danube Properties is one of the largest private real estate developers in Dubai with a portfolio 6,194 units in 14 projects, worth Dh4.5 billion. It has delivered 7 out of the 14 projects in six years.

Danube Group employs more than 4,200 people across the GCC and India, representing 44 nationalities.