Danube Properties, the UAE's affordable housing pioneer and one of its most dynamic and popular private developers, said its latest project, Opalz, a twin-tower development with a sales value of more than Dh525 million, sold out on its first day because of strong demand.

Trust Built on Delivery

The sell-out reflects growing trust in Danube, which has delivered 13 of the 17 projects it launched before Opalz, its 18th project in the eight years since its first launch in 2014, one of the best launch-to-delivery records in the market. It recently awarded construction contracts for Skyz and Pearlz, with Gemz in tender.

"The investors, end-users and brokers have been waiting to book apartments in the new project for some time as the word about Opalz has gone out in the market," Rizwan Sajan, Founder and Chairman of Danube Group, told a crowded press conference at Danube's head office in Dubai.

"The end-users, investors and brokers have lined up to lay their hands on Opalz since the opening of sales earlier today. As a result, the project has been completely sold out. This sell-out at launch in the current market conditions reflect the customers' trust in us and their growing confidence in our ability to deliver luxurious properties at affordable price on time, on quality and at 1 percent per month payment plan – which is very rare in this part of the world."

Indian comedian and actor Kiku Sharda attended one of the most successful launches in Dubai's real estate history. He is among many Bollywood celebrities who have invested in Danube homes for their appeal, returns and faster appreciation after delivery.

The Project

Opalz has a built-up area of 800,000 sq ft on a 66,985 sq ft (6,223.11 sqm) plot in Dubai Science Park, opposite Dubai Hills Estate. Its two 19-storey towers are connected by a podium at the base and a sky-bridge at the top, which hosts penthouses and shared facilities with views across the neighbourhood.

When completed in 2025, it will deliver 575 homes: 261 studios, 206 one-bedroom apartments, 69 two-bedroom apartments, 18 condominiums and four penthouses. With Opalz, Danube's development portfolio exceeds 8,847 units worth more than Dh6.17 billion, and it has delivered 4,556 units worth Dh3.63 billion, more than half the portfolio's value.

The location is 10 minutes from Mall of the Emirates, five minutes from Mohammed Bin Zayed Road and five minutes from Miracle Garden, surrounded by schools, hospitals, shops, parks, malls, offices and hotels, with good connections to both Dubai International and Al Maktoum International airports.

Flexible, Futuristic Homes

The towers include a basement, ground floor and two podium levels. The first floor, the health club and pool level, is open-air and features an anti-current pool. Homes have generous, convertible layouts: a one-bedroom can become a two-bedroom, and a two-bedroom a three-bedroom.

Opalz features energy-efficient automatic lighting, water conservation, eco-friendly design and an LED-lit façade, and every apartment is a smart home with appliances controlled through a smart home system.

Amenities include a designer lobby with Wi-Fi, a business centre with a personal secretary, prayer rooms, a doctor on call, kids' daycare with a nanny, EV charging, multiple pools, a jacuzzi and aquatic gym, cabanas and a BBQ area, plus gyms, a yoga platform, jogging track, games zone, wellness centre with spa, a private sports training centre, a party hall and sky lounges with a juice bar.

Its floating cinema is a highlight: some seats float on the water in front of the screen, while others sit on solid ground, so residents can watch films either way.

What the Chairman Said

"Opalz, our 18th project, takes lifestyle to a new level of class, comfort and convenience with a number of additional facilities that were not available in the market before – and at a very affordable price," Rizwan Sajan said.

"The launch of Opalz comes at a time when demand for affordable home is very strong. This is our fourth project launch in a year – three of them being sold out fast after launch."

"As a developer, we have so far delivered 13 projects successfully to our happy customers on time and with quality exceeding the home-owners' expectations. Construction of two projects is going on in full swing while we recently announced the appointment of two contractors for two projects – which reflects our strong and unwavering commitment to timely delivery of our projects."

"Opalz offers the finest blend of aesthetic lifestyles within the city that presents customers with a place like no other. With 1 percent payment plan, we have made home acquisition very easy and pocket-friendly."

"Moreover, the recent government policies, such as the Golden Visa and the 100 per cent ownership rights to expats, have added to the already bullish sentiments in the city's property market and among the entrepreneurs interested in setting up their businesses here," he added.

Danube offers homeowners a 10-year Golden Visa if they meet the investment criteria, subject to government approval.

Recent Deliveries and Launches

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. It also recently launched Gemz and Pearlz in Al Furjan, between Sheikh Zayed Road and Mohammed Bin Zayed Road. Both sold out within minutes, with buyers and brokers queuing before opening time, a clear sign of buyer confidence in Danube Properties.

Source: Zawya