Danube Properties has announced the launch of Olivz, a master-planned cluster of buildings with 741 homes and a range of retail and recreational facilities, with a development value of more than Dh400 million.
Location
Olivz will be built on an 18,016 sqm plot in Al Warsan First, close to International City and Dragon Mart, with easy access to Mohammed Bin Zayed Road. The site has roads on both sides and overlooks a public park and a mosque. Its affordable homes come with Danube's trend-setting 1 percent payment plan, helping middle-income tenants and end users buy their dream homes.
The First Launch of 2020
The project was announced at a packed press conference attended by a large media contingent and an enthusiastic crowd, by Rizwan Sajan, Founder and Chairman of Danube Group, and Atif Rahman, Director and Partner of Danube Properties. It is the UAE's first real estate launch of 2020 and reflects Danube's confidence in a slowly recovering market as the countdown to Expo 2020, expected to drive housing demand, gathers pace. The launch also gives the UAE's brokers a new project of 741 apartments to market.
With Olivz, Danube's portfolio grows to 6,194 units with a combined development value of more than Dh4.5 billion. It has delivered about 2,155 units with a combined sales value of Dh2.1 billion, nearly half its portfolio value.
"The launch of Olivz reflects our growing confidence in Dubai's real estate market, which never ceases to amaze investors. The launch is timed well to meet the needs of the growing number of end-users who are now more confident to buy their dream homes," said Rizwan Sajan.
"We have seen demand picking up in the last few months as we sold out all our previous projects – that necessitated the launch of Olivz. With World Expo 2020 around the corner, we see an uptake in housing demand and the launch of Olivz is well timed to meet the demand.
"Olivz also gives Dubai's real estate brokers a good number of inventories to promote and sell, and we are happy to see them requesting booking of units."
Amenities
Each building faces expansive landscaped gardens, with a swimming pool, jacuzzi, sunken seating surrounded by water features, a water canal, play courts, kids' play area and BBQ area. The community also offers family-oriented leisure facilities, a gym, health club, jogging track and party hall with an outdoor deck.
What Atif Rahman Said
Atif Rahman said: "Olivz is another project which will reflect our commitment to design and deliver a happy community. Its driven with the intention of creating a superior lifestyle for the mid-market segment at extremely affordable prices. We have exerted immense efforts in ensuring that people will enjoy their lives at Olivz once it is delivered. The location of the project is extremely attractive with super convenient entry and exit from Mohammed Bin Zayed Road without getting stuck in any kind of traffic bottleneck.
"Today, Dubai is one of the finest real estate industries when compared globally backed by stringent regulatory controls and premium infrastructure. As a builder, I find more confidence in Dubai Real Estate than in most other countries and the launch of the project is evidence of that confidence. This is the best time for property buyers as they will never be able to get such attractive price points as the outlook of the real estate market remains bullish for the future.
"The launch of Olivz comes after we sold out the last two projects launched in 2019 – Elz and Wavez – as well as the delivery of two stellar projects Starz and Resortz.
"Our design vision for the project is to create a vibrant development, stitching the development into the fabric of the city and embedding it into the community. The community comes with some world class amenities, which you would generally associate with luxurious projects. Coupled with this, the apartments have been designed keeping end users in mind to ensure maximum utilization of space."
