Dubai, UAE: Danube Properties has completed 454 homes in Starz and pre-completed 426 residences in Glamz, its fifth and sixth residential projects, celebrating with a glittering ceremony of laser shows and fireworks.

Completed in Record Time

Both projects were launched and sold out in 2016 and completed in record time in 2019, reflecting the developer's commitment to its customers. Once the 880 homes are handed over, Danube Properties will have delivered 1,711 homes worth Dh1.69 billion, part of a portfolio of 5,019 residences worth Dh3.82 billion, less than five years after launching its first project, Dreamz, in June 2014.

Built with the latest green and sustainable technologies, the smart homes include state-of-the-art facilities, built-in wardrobes and modular furnishings, with upgraded construction materials more advanced than those promised at launch.

The 880 homes offer best-in-class amenities, including a fully fitted gym, health club, swimming pool, large reception area, landscaped community areas and ample parking, all at an affordable price with a 1 percent monthly payment plan.

Excellent Connectivity

Residents will have a metro station a two-minute walk from Glamz and three minutes from Starz, putting the Expo 2020 site 7–10 minutes away by metro and Al Maktoum International Airport 15 minutes from the nearest station.

What the Chairman Said

"As we move closer to the Expo 2020, we see renewed confidence in the UAE real estate market. The complete sell-out of our projects reflect a strong investor confidence in not only the Dubai real estate market, but also in Danube Properties," says Rizwan Sajan, Founder and Chairman of Danube Group. "Today we are not only delivering homes, but delivering promises we made to home buyers who have put their faith in us.

"We are a firm believer in the long-term sustainable development of real estate projects and there is no better market than the UAE, especially Dubai. With our projects, we have defied the odds and demonstrated our ability in offering affordable homes that have been snapped up by buyers.

"Despite some negative perceptions about the market, I am happy to announce that all our properties have been well received by buyers and are sold out. As the market matures, we see good opportunities in the market in which developers with long-term commitment will do well."

A Record 2018

The deliveries follow Danube's best year so far. In 2018, a 78.5% jump in residential units sold lifted its share of off-plan sales to 10.6%, from 5% in 2017. According to its annual report, it sold 1,869 homes, 89 ready and 1,780 off-plan, for Dh978 million, up 19.26% from 1,047 units worth Dh820 million in 2017.

Affordable Luxury

Atif Rahman, Director and Partner of Danube Properties, said: "A developer's strength of character and commitment reflects on the quality of construction and the number of project deliveries. Our record of continuous development and timely delivery of properties speaks volumes about our strong commitment to quality, timely delivery and our solid commitment to our home buyers.

"Today marks a great milestone in the history of Danube Properties as we will be delivering six out of the 12 projects launched by us, in less than five years. Our launch-to-delivery ratio is one of the highest in this region."

All apartments in Starz and Glamz come at affordable prices with Danube's 1 percent payment plan, which the company pioneered in the UAE.

"However, we have not compromised on quality. What Danube has achieved over the last five years, is that it has changed the perception of affordable homes. What we are offering is – affordable luxury. Our properties are luxury properties, but offered at affordable price.

"With the launch of Starz in 2016, we pioneered in introducing specially designed modular furniture. This will help the residents maximise the use of available space by converting the living room into a bedroom at night. We remain committed to deliver happy communities with phenomenal value addition. I am confident, buyers of properties in Starz and Glamz will be extremely delighted with the quality of finishing and timely delivery," Rahman concludes.

Danube Properties has awarded Dh1.6 billion in construction contracts for 10 of its 12 projects so far. In 2018, it completed 358 homes and awarded contracts for 926 more.