Danube Properties’ Dh350 Million Ultra-luxury Residential Project Gemz – Sold Out at Launch

It was like "Gone in 60 Seconds": an entire project of 270 homes snapped up by buyers and brokers within hours of its launch.

Dubai, United Arab Emirates: GEMZ, a Dh350 million affordable ultra-luxury project by Danube Properties, sold out within a few hours on the first day of its sales launch at Danube's head office on Sheikh Zayed Road on Saturday, June 4, 2022.

End users and brokers queued before opening time and filled the office as soon as it opened. First-day buyers who paid their initial deposit will receive their homes fully furnished on delivery, courtesy of Danube Group's home furnishing and home improvement brand, Danube Home.

What the Chairman Said

"This demonstrates the buyers' confidence in Danube Properties – as we continue to deliver promises to a growing number of UAE residents who are our biggest strength and inspiration," said Mr. Rizwan Sajan, Founder and Chairman of Danube Group.

"This is our third project launched and sold out within eight months' time – and reflects the positive market sentiment and the fact that more buyers are entering the property market."

"As a developer, we have been consistently delivering promises to our customers – having delivered 11 out of the announced 17 projects so far with the highest launch-to-delivery ratio – that reinforces buyers', brokers' and investors' confidence in our properties. In terms of the number of units – we have so far delivered 4,556 units out of 8,272 units sold out. In terms of value, we have delivered Dh3.63 billion worth of homes to our happy customers, out of the total development value of Dh5.65 billion."

About Gemz

Danube, the UAE's pioneer in affordable property development, announced Gemz, a luxurious project with striking pyramid-shaped architecture, at a packed press conference on May 24, 2022, alongside Bollywood superstar Sanjay Dutt, the new brand ambassador of Danube Group.

Gemz has 270 well-designed apartments, 30 luxury amenities and Danube's trend-setting 1 percent monthly payment plan, with prices from Dh550,000. With a built-up area of 530,000 sq ft on a 101,000 sq ft plot, the 14-storey building includes 24 studios, 74 one-bedroom, 114 two-bedroom and 42 three-bedroom apartments, plus 16 duplexes.

It is located in Al Furjan, a vibrant community between Sheikh Zayed Road and Mohammed Bin Zayed Road, and offers spacious bedrooms, striking interiors and panoramic city views. Its standout amenity is a private pool equipped with an aqua gym and anti-current machine. Other exclusive features include kids' daycare with a nanny supervisor, a cricket pitch with match-standard practice nets, a yoga centre and a modern beauty salon.

With intelligent furnishings and convertible layouts, a one-bedroom can become a two-bedroom and a two-bedroom a three-bedroom, and spacious apartments come with a swimming pool on the balcony.

Sajan said the company will start processing long-term residency and Golden Visas for investors meeting the Dh2 million, Dh5 million and Dh10 million thresholds from September 2022, when the process begins.

Gemz is the third project Danube has launched and sold out since October, and the second within two months of launching the Dh300 million Pearlz in Al Furjan in March 2022. With the sell-out, its portfolio exceeds 8,272 units worth more than Dh5.65 billion, of which 4,556 units worth Dh3.63 billion have been delivered, nearly two-thirds of the portfolio's value.

With the highest launch-to-delivery ratio among UAE developers, Danube Group has recently delivered Bayz, Glamz, Starz, Resortz and Lawnz, with two more projects due this year.

Danube Project Factsheet

Source: Mid-East.Info