Elitz, the fifth residential project by Danube Properties for the year, a renowned affordable and sustainable housing developer in the UAE, was sold out on its launch in Dec 2022. The project had a development value of over AED550 million. It contributed to a successful year for the company, which is known as one of the most dynamic private Dubai-based real estate developers in the UAE.
At the Elitz’s Launch
The starting price for a studio apartment is AED599,000. Per the offering, if you booked it on the first day of the project launch, you would receive it fully furnished as a bonus. Danube Properties offers eligible homeowners the opportunity to obtain a 10-year Golden Visa, subject to government approval, based on meeting the investment criteria.
The launch was held in the last week of December 2022, and Ankit Tiwari, a well-known Indian singer, music director, and composer in the Bollywood industry, attended the launch event. He is the latest Bollywood celebrity to join the list of Indian stars like Karan Kundra, Kiku Sharda, the Meet Brothers, and Tejaswini Prakash, who have all purchased their homes in Dubai with Danube Properties.
Mr. Rizwan Sajan, chairman of Danube Group and its founder, while addressing dignitaries and the media at a Dubai Real Estate press conference, talked about how the real estate market in Dubai has grown significantly, even during the COVID-19 pandemic, mentioning that over AED 300 billion in sales and mortgage transactions were recorded last year.
He was optimistic while saying, “For Danube Properties, 2022 is going to be a record year for us when we launched six sold-out projects-consecutively; this reflects the buoyancy in the market and strong investor interest in quality homes. It reflects the customer loyalty and the goodwill developed by Danube Properties in the market.”
He concluded by thanking and acknowledging Danube’s customers, the Dubai Land Department, and other partners for their contributions to the record-breaking year. And sharing his aspirations for the future, mentioning that as the company moves into the new year, they are hopeful to continue this success with the completion of ongoing projects and the introduction of new, notable developments in the real estate market.
About The Elitz
Affordable properties in Dubai are always in-demand; the most recent performance of the Elitz project is a testament to that fact. The structure, which will be located on a 36,930-square-foot plot in Jumeirah Village Circle, will have a total built-up area of 695,000 square feet. The development will consist of a twin-tower complex connected by a podium that features car parking, community amenities, and 284 retail units. The project will offer various housing options, including 268 studio and 203 one-bedroom apartments. It will also have 65 two-bedroom and 13 three-bedroom flats and four duplexes.
Excellent locale and easy access
Elitz will be situated in an area with a wide range of community facilities and amenities, such as schools, hospitals, retail outlets, convenience stores, parks, shopping malls, office towers, and hotels. It will also have easy access to Dubai International Airport and Al Maktoum International Airport. The project will feature energy-efficient automatic lights, a water conservation system, and an eco-friendly design with contemporary LED lighting. All of the apartments in the Elitz will be smart homes, allowing residents to control home appliances through a smart home system.
What you get?
The amenities at Elitz will include a waiting lounge/atrium/entrance lobby with Wi-Fi, a business center with a personal secretary, male/female prayer rooms with ablution facilities, a doctor on call, a kids daycare/nanny service, an electric car charging point, shallow and kids pools, a toddlers splash pad, a jacuzzi, a water lounge with built-in gym equipment, a family sitting area/cabanas, a BBQ area, and more.
Elitz will also offer a gymnasium, an open-air yoga platform, a jogging track with rubber flooring, a games zone with pool and snooker tables, a table tennis facility, a wellness center to promote a healthy lifestyle, and a spa. There will also be a multi-purpose hall/party hall and a sky lounge at the top of the tower, along with a juice bar and a sky bridge at the tower’s crown.
“Work from home” suitable
The development also includes home-office solutions for two-bedroom apartments, allowing families to convert part of their open space into a co-working area. This is becoming increasingly popular due to the COVID-19 pandemic, as more companies allow professionals to work from home. This saves time, reduces traffic, promotes a better work-life balance, and can increase productivity.
Danube Properties began its Dubai real estate construction in 2014 and has since launched 20 projects, including the Elitz. Of these 20 projects, 13 have been completed, making Danube Properties one of the most successful developers in announced vs. delivered projects.
About Danube Group
Founded 25 years ago with a single store in Deira, Dubai, Danube Group has become a well-respected and widely recognized brand in the Middle East. The multi-million-dollar company has consistently expanded its operations and increased its annual revenue, aided by a large team of over 2,500 employees. Headquartered in Dubai, the group now operates in nine countries across the Middle East and Asia.
Danube Properties is the private Dubai real estate developer section of the group. It is a highly successful developer in the UAE with a strong track record of delivering on its projects. The company has recently completed Bayz, Glamz, Starz, Resortz, and Lawnz, and is preparing to deliver two more projects this year. These projects have been well received by buyers.
In addition to these completed projects, the company has launched two new developments adding to its properties-in-Dubai segment, Gemz, and Pearlz, in Al Furjan, a popular residential area located between Sheikh Zayed Road and Mohammed Bin Zayed Road. Both of these projects, Gemz and Opalz, sold out at launch, with eager end-users and brokers lining up to purchase units. This strong demand is a testament to buyers’ confidence in Danube Properties.
