Danube Properties has completed 454 units at Starz and pre-completed 426 residences at Glamz, its fifth and sixth residential projects, celebrating with a glittering ceremony of laser shows and fireworks.
On Time, as Promised
Both projects were launched and sold out in 2016 and completed in record time in 2019. With the 880 homes handed over, Danube will have delivered 1,711 homes worth Dh1.69 billion, part of a 5,019-residence portfolio worth Dh3.82 billion, in under five years since launching Dreamz in June 2014.
| Feature | Detail |
|---|---|
| Starz | 454 homes, completed |
| Glamz | 426 homes, pre-completed |
| Combined value | Dh570 million |
| Payment plan | 1% monthly |
| Metro station | 2 minutes' walk from Glamz, 3 from Starz |
The smart homes use green, sustainable technologies and come with built-in wardrobes, modular furnishings and upgraded materials beyond those promised at launch. Amenities include a fully fitted gym, health club, pool, large reception, landscaped community spaces and ample parking. By metro, residents can reach the Expo 2020 site in 7–10 minutes, with Al Maktoum International Airport 15 minutes from the nearest station.
Voices From Danube
"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."
The deliveries follow Danube's best-ever year, 2018, when a 78.5% jump in units sold lifted its off-plan market share to 10.6% from 5%. It sold 1,869 homes, 89 ready and 1,780 off-plan, for Dh978 million, up 19.26% on 1,047 units worth Dh820 million in 2017, according to its annual report.
Atif Rahman, Director and Partner of Danube Properties, says: "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."
Starz and Glamz homes are affordable and come with the 1 percent payment plan Danube 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, completing 358 homes and awarding contracts for 926 in 2018. See all of Danube's completed projects.
