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Dubai’s Danube Properties completes Dhs300m ‘Resortz’ project

Dubai’s Danube Properties completes Dhs300m ‘Resortz’ project

The luxury, resort-type residential project, will add 444 units to the developer’s portfolio of delivered units

Dubai developer Danube Properties has announced the completion of Resortz, a Dhs300m luxury residential community project launched in 2017.

Resortz, designed to resemble a resort, features 444 residential units along with an open swimming pool, water features, outdoor catering, barbecue area and children’s play area.

Additional amenities include a health club, tennis court, car parking, retail outlets and a green outdoor space, a statement said.

Resortz is Danube’s seventh completed project out of the 13 residential projects launched by the developer so far.

The developer has a portfolio of 5,453 units, with a combined value of more than Dhs4.1bn. It has delivered 2,155 units with a combined sales value of Dhs2bn, which is close to half of the total portfolio value, the statement added.

“This is our third project to have completed in just seven months,” said Rizwan Sajan, founder and chairman of Danube Group.

“In the year of the Expo 2020, we believe the demand for homes will soar. Many homes will be offered to tourists as holiday homes through different online channels, and our investors and buyers stand to gain from the rising demand this year.”

The Danube Group ventured into the real estate market in June 2014, with the launch of the Dhs500m Al Furjan project, featuring 171 townhouses.

In 2019, Danube Properties completed its Starz project, and pre-completed its Glamz project, making up a combined 880 units.

Read: Danube Properties completes Dhs570m Starz and Glamz projects

The developer has also expanded internationally, launching its third Indian sales and marketing office in Kerala, India, in 2019. The first was in Mumbai, which was opened in 2016, and the second in Delhi, opened in 2017.

Read more: Dubai developer Danube Properties expands presence in India

 

Danube Project Development Factsheet 

Danube Projects  

Residential Units

Sales Value Status
Dreamz 171 Townhouses Dhs500m Delivered
Glitz 1 151 Units Dhs135m Delivered
Glitz 2 151 Units Dhs135m Delivered
Glitz 3 358 Units Dhs350m Delivered
Starz 454 Units Dhs300m Delivered
Glamz 426 Units Dhs270m Delivered
Miraclz 599 Units Dhs400m Under Construction
Resortz 444 Units Dhs300m Completed
Bayz 463 Units Dhs450m Under Construction
Jewelz 463 Units Dhs300m Under Construction
Lawnz 1,064 Units Dhs550m Under Construction
Elz 275 Units Dhs130m Under Construction
Wavez 434 Units Dhs200m Tendering Stage
Total 5,453 Units Dhs4.1bn Construction/ Delivery

 

Also read: Dubai’s property market is ‘performing perfectly’ – Danube Properties director

Read more: Video: Danube Properties’ chief on how the Dubai firm is defying market slump

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