With residents and foreign investors continuing to have a high demand for Dubai real estate, Danube Properties’ most recent Dh2.5 billion project, Oceanz, sold out one of the two buildings at launch.
More than 500 flats are located in the tower.
“Real estate business is based on trust that is linked to the credibility of property developers. The sell-out of the Oceanz units at the launch event demonstrates growing public trust and investor confidence in Danube Properties, backed with our strong project implementation and delivery credentials that help buyers and investors to generate extra savings from our homes,” said Rizwan Sajan, founder and chairman of Danube Group.
“This is due to our customer-focused development and delivery policy. We launch, sell out, develop, and hand over projects on time and quality. Half of all the projects undertaken so far have been handed over, while customers are still paying their monthly installments while saving on the rent,” he added.
“Property buyers and investors could count on higher rental returns and benefit from price appreciation due to the ideal location of Oceanz – DMC,” said Danube chairman.
Oceanz will have 51 floors when it is finished in the first quarter of 2027, a six-level podium with parking and community amenities, 44 floors of residential properties, 1,250 residential units, including studio apartments, 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as a few retail stores.
Wavez (completed), Jewelz, and Olivz are the three projects that Danube Properties promised to complete this year. The majority of the projects that were started in 2022 and 2023 are finished ahead of schedule. According to the corporation, the August 2023-launched Elitz 3 project has lately been fully sold out.