Business & Money | Saturday 10 January, 2015 11:05 am |

 Glitz by Danube sells out the entire inventory released at the launch within two hours
 Number of enquiries prior to the launch increased fourfold as compared to the previous project Dreamz by Danube, reflecting strong investor confidence in Danube Properties
 Danube signs the construction contract with United Engineering Construction Co (UNEC) for their first project ‘Dreamz by Danube’


The very first day of the Danube Properties sales launch for their second realty venture Glitz by Danube, saw all their apartments sold out within the first two hours of sale with constant requests coming in. A sales meet organised for investors today at the Grand Hyatt Dubai, saw an overwhelming number of registered prospective buyers lined up outside the venue to lay their hands on the ‘prized possessions’ – apartments that were offered on a first-come-first-serve basis. With the start of a new year Danube has given a definite boost to the property market with the launch of this project.

Danube Properties, the property development arm of Danube Group established in 2014
Was started with the aim to build Luxury residential property for the middle income group. The division’s first project Dreamz, with 171 luxury townhouses, were sold out within the first day of the sales launch and received more than 2,000 enquiries prior to the launch. Glitz by Danube, a project worth AED 300 million, saw that number increase fourfold.

Mr. Rizwan Sajan, Founder and Chairman of Danube Group, commented, “We are very pleased with today’s response to our second project and it has further cemented our reputation as a developer of people’s choice. Danube Properties was launched to make available luxury homes at affordable prices in the market and we have successfully managed to do so with both our projects. Having the market Our overall product offering creates a great opportunity for both end-users and investors who could reap good dividends within a few months as we prepare to construct the project”

The construction business has always been the key for driving growth in the country’s economy. According to the Q2, 2014 report by Business Monitor International, construction projects worth AED 778 billion are under construction in the UAE. The recent announcement of the Expo 2020 reflects the growing strength of the emirates and expected boost in the economy. “Being a leader in the building material industry, we have been associated with a diversified portfolio of properties in the UAE. It is because of our years of experience that we have an unwavering faith in Dubai’s real estate market and chose to step into a different realm of the property market. As an organization, we are excited and ready to extend our committed support to the nation, to position UAE’s pioneering role as a solid repository which will bring business and promote growth in the economy” Sajan added.

The spacious homes, designed to the highest standards of aesthetics, range in housing area from 470 to 1,645 Sq Ft in each apartment block of eight levels. The apartments are a unique combination of contemporary design, luxury and comfort within a setting of lush landscape. Each flat will come with a fully fitted and equipped kitchen and high standard finish from the country’s largest building materials and interiors supplier, Danube. The apartment block will include some exceptional amenities like roof top golf course, leisure deck with a barbeque station, kid’s play area cum party hall, state-of-the-art health club and much more.

Making this sale more attractive is the payment plan being offered by Danube to long-term investors and end-users, which requires the buyer to pay 10% down payment followed by 15% in 60 days. The balance amount is paid in 75 equal monthly instalments of only 1% each.

Dreamz by Danube which is Danube Properties 500 million Dirham project, has appointed United Engineering Construction Co (UNEC) as the construction contractor for the project. While the division received many bids for the position proposing lower costs, the company decided to go ahead with UNEC because of their impeccable track record of timely delivery and quality construction for more than 35 years in UAE and other GCC countries. The ground breaking is scheduled to take place later this month marking the beginning of a construction programme that will range from eighteen to twenty months for completion which fits within the committed deadline.