Danube Properties, the UAE's fastest-growing private developer, has launched Elitz 2 in Jumeirah Village Circle (JVC), with a development value of more than Dh900 million. The launch took place in the presence of Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Bollywood star Malaika Arora.

Homes and Amenities

Located near the Elitz 1 tower, now under construction, Elitz 2 will help meet growing demand for quality homes in prime locations. When completed in Q3 2026, it will deliver 750 homes, including studios and 1-, 2- and 3-bedroom apartments, plus a few shops, with more than 40 amenities such as a health club, swimming pools, sports arena, tennis court, barbecue area and jogging track.

Prices and Payment

Studios start from Dh650,000 (US$177,111), with prices expected to appreciate over time. Danube's trend-setting one per cent payment plan, after the initial deposit, makes buying more affordable and simple. Homes are usually delivered about halfway through the plan, so buyers can move in after paying 60% and either save on rent or fund their monthly instalments (EMI) from rental income.

Track Record

Elitz 2 is Danube's 23rd residential project in nine years and its eighth consecutive launch in 16 months, roughly one every two months, making it the busiest private developer in the UAE. Danube Properties launches one project at a time, sells it out and appoints a contractor before launching the next, and has sold out 22 of its 23 projects and delivered 12. This year it will also deliver Wavez, Jewelz and Olivz, with most 2022 and 2023 launches ahead of schedule.

In the Chairman's Words

"The launch of Elitz 2 is in response to the continued high demand for quality homes and comes within less than two months of launching of Fashionz project which is nearly sold out," said Rizwan Sajan, founder and chairman at Danube Group.

"Elitz 2 is one of our large projects in terms of the number of residential units – 750 to be specific – that is to cater to the growing demand. With a more than 40 lifestyle facilities, homes in Elitz 2 offer luxury and larger-than-life lifestyle to homeowners who will be pampered with the best of the best that is available in the market.

"The launch of Elitz 2 comes within a week after we completed Wavez and breaking grounds for the construction of Viewz – one of our largest projects – with sales value exceeding Dh2.05 billion that was unveiled in January and sold out within two weeks. This marks the construction of Viewz while the last project Fashionz will go into groundbreaking process in the next few weeks. As a developer, we have a very customer-centric approach and that's why we are focused on delivery. Most of our projects are handed over before promised delivery date – that reflects our strong commitment to home buyers and investors in line with our slogan —We launch, we deliver."

Sustainability and Golden Visa

Elitz 2 homes will be smart, energy-efficient and built to green building standards, in line with the UAE's sustainability commitment. Danube offers homeowners a 10-year Golden Visa if they meet the investment criteria, subject to government approval, and the Dubai Land Department recently agreed to let Danube issue buyers an Initial Sale Contract (Oqood) almost instantly.

With the highest launch-to-delivery ratio among UAE developers, Danube Group has recently delivered Bayz, Glamz, Starz, Resortz, Elz, Lawnz and Wavez, and is preparing to deliver three more projects this year.

Source: Khaleej Times