Danube Properties, the UAE's affordable housing pioneer and one of its most dynamic and popular private developers, has announced that its recently launched Skyz Tower is 60% sold.

About Skyz Tower

Skyz is a Mediterranean-themed high-rise with elegantly designed apartments, retail outlets and recreational facilities, and a development value of more than Dh475 million. It will be built in the master-planned Arjan community, close to Miracle Garden and opposite Motor City, Dubai Hills Estate and Dubai Hills Mall, with easy access to Mohammed Bin Zayed Road. Its affordable homes come with Danube's trend-setting 1 percent payment plan.

Rizwan Sajan, Founder and Chairman of Danube Group, said: "It's truly encouraging that we have successfully sold out 60% of our project Skyz Tower within just a couple of months of its launch. I take this opportunity to thank all those who have been involved and have made contributions in making this project a huge success for us. We are committed to launch state-of-the-art projects for our valued customers and our belief since the starting has been to deliver projects on time without any compromise on the aspect of quality."

Eyes on Dubai Marina and Downtown

Encouraged by the response, Danube has set its sights on new projects in Dubai Marina and Downtown, two of the city's most prominent freehold areas. Skyz comes 18 months after the launch of Olivz, and Danube recently delivered Bayz and Miraclz, both well received by investors.

Danube is also set to deliver Lawnz, taking its delivered units to 4,281 with a sales value of more than Dh3.5 billion by the end of the year, reinforcing its reputation as one of the UAE's most successful developers with the highest launch-to-delivery ratio.

About Danube Properties

Danube Properties, part of Danube Group, entered real estate in June 2014 with 171 townhouses worth Dh500 million in Al Furjan, and has since launched Glitz Residence I, II and III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz, Elz, Lawnz, Wavez, Olivz and Skyz. Its development portfolio comprises 7,002 units with a combined value of more than Dh5 billion, and it has delivered about 2,155 units with a combined sales value of Dh2.1 billion, nearly half of its portfolio value.