Earlier this week Zawya, Trade Arabia and other news outlets reported on Danube Properties revelation of its new Elitz 3 project in Jumeirah Village Circle (JVC). This project, valued at over AED 800 million, was introduced at a star-studded event held at Danube Sports World. Elitz 3 will join the Elitz and Elitz 2 towers in the same area, catering to the increasing demand for quality homes.
KEY FEATURES OF ELITZ 3
The Elitz 3 project, is set for completion by Q4 2026, and consists of twin towers that will stand 40 and 46 floors tall. These towers will offer a total of 750 residential units, including studio apartments, 1 to 3-bedroom apartments, and a few retail stores. The residences come with a range of more than 40 community, health, and lifestyle amenities. These amenities include health clubs, swimming pools, sports arenas, tennis courts, and jogging tracks.
DANUBE PROPERTIES' ONGOING SUCCESS
Elitz 3 marks Danube Properties' 24th residential project and its 9th project launched within the past 18 months. This speed of development reinforces its position as the UAE's fastest-growing private real estate developer. The launch of Elitz 3 brings Danube Properties' project portfolio to a total of 11,529 units across 24 projects. So the companies combined development value exceeds AED 10 billion.
DUBAI'S RESILIENT REAL ESTATE MARKET
Rizwan Sajan, Founder and Chairman of Danube Group, highlighted Dubai's resilient real estate market despite global economic challenges. The UAE's efficient handling of the COVID-19 pandemic and post-pandemic recovery has attracted global investors. This has led to increased tourism, business activities, and property transactions. Notably, the first half of the year saw an unprecedented surge in real estate transactions, with a total value surpassing annual sales from 2009 to 2021.
AFFORDABLE PRICES AND PAYMENT PLANS
Elitz 3 offers residential units starting from Dh 699,000 (US$190,305) for a studio apartment. So, Danube Properties provides an appealing payment plan, including a trend-setting 1 percent monthly payment option after initial deposits. This approach enhances affordability and attractiveness for home buyers and investors, considering the growing demand in the real estate sector.
ADVANTAGES FOR HOMEOWNERS
Buyers of Elitz 3 homes can move in after paying 65 percent of the property's total value, which occurs midway through the payment plan. This allows homeowners to extract extra value by either saving on rent or using rental income to cover equated monthly instalments (EMI).
SUSTAINABLE AND SMART HOMES
Danube Properties prioritises sustainability, with Elitz 3 designed to consume less energy and align with the "Year of Sustainability" leading up to COP28. So this project offers an excellect long term investment too.
GOLDEN VISA AND EASE OF PURCHASE
Danube Properties offers homeowners a 10-year Golden Visa, subject to government approval and investment criteria. Moreover, the Dubai Land Department's trust in Danube Properties is clear through an agreement that allows property buyers to receive an Initial Sale Contract (Oqood) almost straight away
Danube Properties has achieved notable success, with five projects launched and sold out last year. These projects total 2,099 homes worth AED 2 billion. The company also has an impressive track record of delivering projects, including Bayz, Elz, Glamz, Lawnz, Resortz, and Starz, with three more projects scheduled for delivery this year. These projects have received high praise and demand from buyers too.
In summary, Danube Properties' Elitz 3 project offers a promising addition to Dubai's real estate landscape, reflecting the sustained growth and attractiveness of the market.