Danube Properties' residential project sold out at launch
The entire project consisting of 270 homes have been snapped up by buyers and brokers in a few hours of its launch.
GEMZ, a Dh350 million affordable ultra-luxury project by Danube Properties, has been sold out within a few hours on the first day of its commercial sales launch event held at Danube Properties head office on Sheikh Zayed Road in Dubai earlier this month.
Rizwan Sajan, Founder and Chairman, Danube Group, 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. 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".
So far, we have delivered 11 out of the announced 17 projects. In terms of the number of units – we have 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, he added.
Gemz, a 14-storeyed project, will have 270 apartments including24 Studio, 74 1BHK, 114 2BHK and 42 3BHK apartments, while 16 apartments will beduplex. The project will have a built-up area of 530,000 square feet and will be developed in a plot area of 101,000 square feet.