Danube Properties announces the commercial launch of the Dh300 million project Pearlz in Al Furjan area

With its residential units, Pearlz will offer amenities such as a doctor on call, kids' daycare with a nanny on board, smart homes, a smart office with a personal secretary and an anti-current swimming pool, set to change how gated communities are developed in the region.

Dubai, UAE, March 20, 2022

News Highlights

1. With 500,000 sq ft of built-up area and a development value of more than Dh300 million, Pearlz offers value-added features and the best value for money.
2. Pearlz is the first real estate project launched in the UAE in 2022, and Danube's second within five months of launching the Dh475 million Skyz in Arjan in October 2021.
3. With Pearlz, Danube's development portfolio exceeds 8,000 units with a combined value of more than Dh5.3 billion.
4. It has delivered 4,556 units with a combined sales value of Dh3.63 billion, nearly two-thirds of the portfolio's value.

Danube Properties, the UAE's affordable housing pioneer and one of its most dynamic and popular private developers, has launched Pearlz, a project of 1,000 residential units plus retail and recreational facilities with a development value of more than Dh300 million.

The project will be built in Al Furjan, close to Ibn Battuta Mall with easy access to Sheikh Zayed Road and Mohammed Bin Zayed Road. Its affordable homes come with Danube's trend-setting 1 percent payment plan, helping middle-income tenants and end users buy their dream homes.

What the Chairman Said

"We launched our second residential project Pearlz within five months of launching Skyz in October last year. This demonstrates the return of investors in Dubai's real estate market and our firm conviction on the strong rebound of Dubai's real estate market from the pandemic," said Rizwan Sajan, Founder and Chairman of Danube Group.

"The launch of Pearlz is in response to growing demand for affordable quality homes in Dubai, as the market remains under-served. We have carefully designed each home to offer maximum value per square feet, keeping in mind the need for space in each family. Pearlz offers the best value per square feet that money can fetch.

"We are a firm believer in the long-term sustainability of Dubai's real estate marker – this is more evident now, especially following the pandemic that halted all commercial activities in the real estate market for a short period during the lockdown in 2020. The market rebounded early last year, despite the second COVID-19 wave. However, international investor confidence returned faster than expected."

Clever Design

Foldable wall-mounted beds turn the living room into a bedroom at night, converting a one-bedroom into a two-bedroom and a studio into a one-bedroom, so buyers get a two-bedroom home for the price of a one-bedroom. Three-bedroom apartments come with a private pool, three parking spaces and a balcony, features many villas and townhouses lack. Two- and three-bedroom homes include a store, laundry and powder room, and the project has its own chillers and chilled water system and is close to the metro station.

Amenities include an anti-current pool, kids' and toddlers' pools, health club, party hall, outdoor seating, shaded yoga area, jacuzzi, sauna, barbecue area, kids' play area, jogging track, outdoor party area and landscaping with water features, along with a doctor on call, kids' daycare with a nanny, smart homes and a smart office with a personal secretary.

"The Dubai real estate market is looking up and the investor confidence is back, the government has eased all Covid-19 restrictions and PCR testing is no required to enter and exit Dubai which has made connectivity a breeze amongst its residents and investors alike," Sajan said.

The source adds that the project differs from Danube's other projects and will include many luxurious elements and amenities, details of which the developer was keeping under wraps ahead of a major announcement.

Danube Project Development Factsheet