Danube Properties launches Dh550 million Lawnz project at International City, adding 1,064 residential units
Dubai-based developer Danube Properties’ development portfolio grows to 4,744 apartments, worth Dh3.69 billion
- Danube Properties offers studios starting from Dh290,000 at Lawnz
- Danube Properties delivered 831 residential units worth Dh1.12 billion including 171 townhouses within Dreamz project worth Dh500 million by March 2018
- Dubai-based developer plans to deliver 880 more units later this year
- Danube Properties portfolio exceeds US$1 billion involving 4,744 units in 11 projects
Dubai, UAE, June 20, 2018: Danube Properties, a major Dubai-based property developer that launched its 11th project – the Dh550 million Lawnz at the International City – Comprising of 1,064 units which will take its portfolio to 4,744 units with a development value exceeding Dh3.7 billion, spread across 11 successful projects.
Construction of the project is expected to start in 2018 with completion in 2020. Lawnz is Danube Properties’ first project at the International City and its first gated complex.
“This is our biggest project so far that will add 1,064 units to our existing portfolio and we are all excited to launch the project at the International City that has a very vibrant community,” Rizwan Sajan, Founder Chairman of Danube Group, said. “This is our second project launch this year and comes after three months of the launch of the Dh300 million Jewelz that adds 463 units offering more than 15 percent return on investment, which has been a runaway success in terms of sale.
“The launch of such a large project at such a crucial time reflects our confidence in Dubai’s real estate market which will continue to grow due to the attractiveness of Dubai and the UAE as a major investment destination.”
The Dh550 million Lawnz offers 1,064 residential units, ranging from studio, one and two-bedroom apartments. The project is conveniently located at the International City Phase 1. The Super lavish amenities include a massive 3.8 Acres Promenade which offers Canal, Sunken Plaza, a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, multi-purpose court and a high tech surveillance system for the protection and security of the residents. The property also comes with a 42 metres wide entrance and outdoor cinema.
Among the residential units, 50 percent of the units are studio apartments while 40 percent are one-bedroom apartments and 10 percent are two-bedroom apartments.
The building design and architectural aesthetic was created to reinforce the design strategy of Danube, which helps maximise the living space while delivering convenience of community living. The project dedicates 50 percent space to open areas with an emphasis on greenery and landscapes.
Atif Rahman, Director and Partner of Danube Properties, says, “Apartments at Lawnz have been priced keeping the end-users in mind and their comfort level. The units come with the most unique and unseen design of living space.
“In addition to the project’s location and the five-star facilities, Danube’s industry leading 1 percent per month payment scheme will ensure a faster sell-out of the properties. Lawnz will attract a large number of new home buyers – who were earlier unable to own their home due to price constraint.
“Because of our Volume, Value Engineering and Design efficiency, we were able to offer luxury at an affordable price. However, the monthly payment has empowered the buyers and has encouraged the middle income families to put their life savings in our properties.
“In this way, we are hopeful of attracting new home buyers who were deprived of the opportunity of owning their own home until now.”
Danube has delivered 831 properties so far including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 as well as 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year.
Danube Properties, part of the Danube Group, entered Dubai’s real estate market in June 2014 with Dreamz at Al Furjan – which was sold out at launch. Established in 1993, Danube Group, the UAE’s largest supplier of building materials and home furnishing, this year celebrates 25th anniversary.
In 2017, Danube awarded five construction-related contracts with a combined value exceeding Dh392 million a year it started delivering homes. These include a Dh221 million main construction contract recently awarded for Miraclz Tower near Miracle Gardens at Arjan that will host 599 units including 591 apartments.
Danube Properties also awarded a Dh146 million contract for the main construction package for the Resortz project. The 17-month contract will see the project gets ready for occupancy by the second quarter of 2019. Resortz will host 444 units including 419 apartments, 25 retail outlets, landscaped environment that appears more like a five-star resort, than a residential compound.
Danube Properties has so far launched 11 residential projects, of which four have been delivered, two are getting ready for delivery while four others are at various stages of construction and one in tendering stage.
The company has one of the fastest development-to-delivery ratio in the region’s real estate market where timely delivery of properties remains a major challenge. That way, Danube Properties’ performance in construction and delivery is helping strengthen buyers’ trust in real estate.
Danube Project Development Fact-Sheet
|Danube Projects||Residential Units||Development||Value Status|
|Dreamz||171 Townhouses||Dh500 million||Delivered|
|Glitz Residence I||151 Units||Dh135 million||Delivered|
|Glitz Residence II||151 Units||Dh135 million||Delivered|
|Glitz Residence III||358 Units||Dh350 million||Delivered|
|Starz Tower||454 Units||Dh300 million||Delivery in 2018|
|Glamz Residence||426 Units||Dh270 million||Delivery in 2018|
|Miraclz Tower||599 Units||Dh400 million||Under Construction|
|Resortz Tower||444 Units||Dh300 million||Under Construction|
|Bayz||463 Units||463 Units||Tendering Stage|
|Jewelz||463 Units||Dh300 million||Launched|
|Lawnz||1,064 Units||Dh550 million||Launched|
|Total 11 Projects||4,744 Residential Units||Dh3.69 billion||Development/Delivery|
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