Riding strong investor demand, Danube Properties, the UAE's fastest-growing private developer, has launched Oceanz, with a development value of more than Dh2.5 billion. Once built in Dubai Maritime City, it will offer uninterrupted views of the Arabian Gulf and of a new leisure and cruise tourism hub next to the historic Shindagha heritage village.
The Project
| Feature | Detail |
|---|---|
| Height | 51 floors, including a six-level podium and 44 residential floors |
| Homes | 1,250 studios and 1-, 2- and 3-bedroom apartments, plus a few shops |
| Completion | Q1 2027 |
| Starting price | Dh1.1 million for a studio |
| Development value | More than Dh2.5 billion |
The podium will house parking and community facilities. Like most Danube projects, Oceanz offers more than 40 community, health and lifestyle amenities, including a health club, infinity pools, sports arena, tennis court, barbecue area, jogging track, doctor on call and nanny on board.
By units and development value, Oceanz is Danube's largest project to date and its first on the Arabian Gulf coast overlooking a large body of water. Its location, facilities and amenities are expected to drive value appreciation and higher rental income in the years ahead.
A Busy Developer
Oceanz is Danube's 25th residential project in nine years and its 10th in 19 months, more than one launch every two months, making it the busiest and fastest-growing private developer in the UAE.
"As demand for homes continues to grow, we are committed to bring more supplies in the market to meet the rising demand. The launch of Oceanz – our third project in three months – reflects our strong commitment to offer a great variety of residential options to homebuyers and help rebalance the market to create a win-win situation for all stakeholders," said Rizwan Sajan, Founder and Chairman of Danube Group.
"Despite global economic headwinds in certain parts of the world, the real estate market in Dubai is performing extremely well and outperforming almost all other global property markets – thanks to the visionary and wise leadership of the country. Homes within Oceanz come with infinite ocean views – unmatched in the market. Once completed, the surrounding areas around Oceanz will match the famous residential apartments in Malibu or Miami in the United States. In three years, Dubai Maritime City will be compared to some of the most sought-after coastal properties in the world and the value of each apartment will appreciate to a completely different level. This way, at the prices that we are offering today, home buyers could sell it at double the price on handover."
With studios from Dh1.1 million, Oceanz is attractive to buyers and investors looking to benefit from continued price growth, and Danube's trend-setting 1 percent monthly payment plan after the initial deposit makes buying more affordable.
Source: Khaleej Times
