As competition among Dubai developers to offer new amenities grows, Danube Properties has introduced a shuttle bus to the metro station for tenants and owners at Gemz, which was handed over five months ahead of schedule. Danube Properties is the first private developer to offer such a service.
"In Gemz, we have added a free metro shuttle bus for tenants as part of the amenities. It is a 15-minute walk from the metro to Gemz, so we decided to introduce this facility to residents and tenants. Every half an hour, a bus will go to and from Gemz and the metro to transport people," said Rizwan Sajan, founder and chairman of Danube Properties.
Another Early Handover
Danube Properties, Dubai's fastest-growing developer, continued its tradition of early delivery by handing over Gemz by Danube five months ahead of schedule. Launched in June 2022, the Dh350 million project sold out within hours.
The handover ceremony was attended by Mohamed Al-Bidwawi, CEO of the Real Estate Regulatory Agency (RERA), senior Danube Group officials, industry executives and residents.
Danube has delivered many projects ahead of schedule. "Our next projects Opalz and Petalz will also be delivered ahead of schedule. This is because we manage to sell the project faster, choose a contractor of good reputation and our subsidiary Danube Building Materials supplies the material on priority. For contractors, the biggest issue is concrete, steel and other finishing materials. But we are able to provide them material on time," Sajan said, adding that construction costs have risen by 25% in the past year.
One of Dubai's largest private developers, Danube Properties has launched around 20,000 units and delivered 10,000 to buyers.
Al Furjan Rents Match Dubai Marina
"Demand for properties from buyers and tenants in Furjan is very high because of metro connectivity. Also, residents can get everything that others can get in Karama and Bur Dubai such as schools, hospitals, restaurants and supermarkets," he added.
Sajan said annual rents in Gemz are around:
| Unit | Annual rent |
|---|---|
| One-bedroom | Dh85,000 |
| Two-bedroom | Dh130,000 |
| Three-bedroom | Dh165,000 |
"We have never heard of this kind of rental in Al Furjan. These are (equivalent to) Dubai Marina rentals. People are willing to pay rent for Danube Properties because of the amenities that we offer. Moreover, tenants get a fully furnished apartment, which gives 10-12 per cent more rentals compared to other apartments," he said.
The planned relocation of the airport to Dubai South over the next 10 years has also shifted investors' and developers' attention to areas such as Al Furjan, Al Marjan, JVC and other communities along Sheikh Mohammed bin Zayed Road and Emirates Road.
Source: Khaleej Times
