Danube Properties’ Dh550 million Elitz sold out on day of launch – marking a record this year
for the affordable luxury developer – selling Dh2.5 billion worth of units
Elitz takes luxury to the next level adding more than 30+ types of unique facilities including
office space at home – for professionals to work from home and have a better work-life balance
that boosts productivity
Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and
popular private real estate developers in the UAE, sold out Elitz, its fifth residential project in
2022 with a development value exceeding Dh550 million, marking a record year for the
developer.
Elitz, to be developed at 36,930 square feet plot of land at Jumeirah Village Circle, will have a
built-up area of 695,000 square feet. It will deliver 268 studio, 203 One-bedroom apartments, 65
Two-bedroom flats, 13 Three-bedroom flats and four duplexes. Elitz is a twin-tower project that
is connected with a podium complex that houses car parking, community facilities as well as 284
retail units.
Elitz, has been sold out at launch, snapped up by the investors, buyers and brokers, that reflects
the strong buyer interest. The project is planned for handover in the fourth quarter of 2025 to the
customers.
“The real estate market in Dubai has come out of age and has demonstrated resilience by
registering growth amid the biggest pandemic in human history, by recording Dh300 billion sales
and mortgage transactions last year, which is definitely going to be broken this year to create a
new record,” Mr Rizwan Sajan, Founder and Chairman of Danube Group, said at a crowded
press conference in Dubai.
“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. We take this opportunity to thank our customers – our biggest stakeholders, Dubai
Land Department and other partners for a record-breaking year.
“As we close 2022, we look forward to a new year with renewed hope of delivering some more
landmark projects while delivering the under-construction projects to take the real estate market
to the next level.”
Residents of Elitz will have easy access to Mohammed bin Zayed Road and Al Khail Road. It
comes with more than 30 amenities and Danube Properties’ benchmark facilities penthouses,
common-use facilities and offers magnificient views of the neighbourhood on all sides of the
building – that redefines luxury lifestyle.
It also introduces the home-office solutions in two-bedroom apartments where families can
convert a part of the open space into co-working facility to manage work from home which is
becoming the trend following the COVID-19 pandemic. Most companies now allow
professionals to work from home that saves time, reduces traffic on the street and increases
productivity. Moreover, it offers a better work-life balance.
Prices of a Studio Apartment starts at Dh599,000. Buyers booking on the first day of the project
launch, will get fully furnished apartment.
Bollywood fame Ankit Tiwari, an Indian playback singer, music director and composer was
present at the launch and he is the new Bollywood celebrity to join the bandying of celebrities
like, Kiku Sharda, Meet Brothers, Karan Kundra and Tejaswini Prakash who have found their
dream home in Dubai with Danube Properties.
Elitz is the 20th real estate project launched by Danube Properties so far within eight years of the
launch of its first project in 2014. It has so far delivered 13 of the 20 projects launched earlier –
making it one of the most successful developers when compared to announced vs delivered
projects.
With the launch of Elitz, Danube Properties’ current development portfolio exceeds 8,779 units,
with a combined sales value exceeding Dh6.75 billion. It has so far delivered 4,556 units with a
combined sales value of Dh3.63 billion – more than half of the entire portfolio value.
Once built, Elitz will be surrounded by ample community facilities such as schools, hospitals,
retail outlets, convenient stores, parks as well as business and recreational facilities including
shopping malls, office towers and hotels. It also has great connectivity to Dubai International
Airport and Al Maktoum International Airport.
The project boasts energy-efficient automatic lights, water conservation system, environmentally
friendly /eco-friendly and the most futuristic building with contemporary design and LED
lighting façade. Apart from presenting ultimate luxury and convenience for life through a
multitude of features and amenities, all apartments in Elitz are smart homes – owners will have
access to home appliances through a smart home system.
The extravagant amenities at Elitz include waiting lounge/atrium/entrance lobby designed by
interior designer with Wi-Fi, business centre at ground floor with personal secretary,
male/female prayer room with ablution, doctor on call, kids day care/nanny on board, electric car
charging point, shallow pool, kids pool, toddlers splash pad, jacuzzi, water lounge (In-built gym
equipment aquatic gym) and family sitting area/cabanas, BBQ area, among others.
For its residents to maintain a healthy lifestyle, Elitz offers gymnasium open-air Yoga platform,
jogging track with rubber flooring, games zone (pool table, snooker, table tennis), wellness
centre, spa, etc. Apart from all these a multi-purpose hall/party hall and sky lounge at the crown
of the tower have been provided with juice bar at Top Crown together with skybridge at the
crown of the tower.
Danube Properties offers home-owners 10-year Golden Visa – especially those who qualify as
per the investment criteria – subject to government approval.
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 and Lawnz while it prepares
to deliver two more projects this year. All these projects have been greatly appreciated by those
who had bought units in them.
Danube Properties has recently launched two projects Gemz and Pearlz in Al Furjan a vibrant
residential development located between Sheikh Zayed Road and Mohammed Bin Zayed Road.
In May this year, it launched Gemz and in September this year, it launched Opalz – all sold out
at launch. The end-users and brokers had lined up before the stipulated time and thronged
Danube Properties office as soon as it opened. This demonstrates buyers’ confidence in Danube
Properties.
