digital desk,Dubai. Danube Properties (a part of Danube Group), the fastest growing private real estate developer in the UAE, announced the launch of Elitz 2 with a development value of over AED 900 million in Jumeirah Village Circle (JVC), UAE in the presence of Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, and Bollywood actress Malaika Arora.
Significantly, Danube Group, a diversified business conglomerate was launched by Rizwan Sajan, one of the top Indian leaders in the UAE. Danube Home from Danube Group, one of the largest home decor retailers in the GCC, is growing its presence across the region including India with three showrooms spread across Bengaluru and Hyderabad. Elitz 2 is the 23rd residential project by Danube Properties in nine years. The company started development activities in 2014 and is the 8th consecutive project launch in the last 16 months, ie one project every two months, also making it the busiest private real estate developer in the UAE.
Danube Properties has a policy of launching one project at a time, selling it, then hiring a contractor to build the project before launching the next. It has sold 22 of the 23 projects it has launched so far and delivered 12 of them, while the rest are currently under various stages of construction. The project will feature smart and sustainable homes that consume less energy and comply with green building standards, in line with the UAE’s commitment to sustainability. Danube Properties offers a 10-year Golden Visa to home owners – exclusively those who qualify subject to government approval as per the investment criteria. The Dubai Land Department has recently signed an agreement with Danube Properties to offer almost instant Initial Sale Contracts (Okud) to property buyers.
The launch of Elitz 2 is in response to the continued high demand for quality homes, and comes less than two months after the launch of the Fashionz project, which is almost sold out, said Rizwan Sajan, founder and chairman of Danube Group. . Elitz 2 is one of our larger projects in terms of number of residential units – 750 in particular – to meet the growing demand. The homes at Elitz 2 offer luxury and a larger-than-life lifestyle with over 40 lifestyle amenities, the home owner will be pampered with the best available in the market.
Elitz 2 will be adjacent to Elitz 1 Tower, which is currently under construction, and will help meet the growing demand for quality homes in prime locations. Elitz 1, launched in 2022, saw an investment of over 40 per cent Indians. Upon completion in the third quarter of 2026, Elitz 2 will deliver 750 residential units including studio apartments, 1-bedroom, 2-bedroom and 3-bedroom apartments, and a few retail stores. Like most other Danube projects, Elitz 2 houses will also be equipped with health and lifestyle facilities and over 40 amenities including health club, swimming pool, sports area, tennis court, barbeque area, jogging track.
The prices of the residential units start from AED 650,000 (Rs 1.45 crore) for a studio apartment. However, the prices of the units will keep on increasing with time, making them worth the investment. Danube Properties homes come with attractive and trend-setting 1 per cent payment plans after the initial deposit, making home acquisition more affordable and simpler.
The houses are usually delivered in the middle of the payment plan, which means that the buyer can move into the apartment after paying 60 per cent of the total value of the property. This helps landlords extract additional value by increasing savings on rent or paying Equated Monthly Installments (EMIs) from the rental income.
Within a week of completing Waves and laying the groundwork for the construction of Views, one of our biggest projects, Elitz 2, was launched, said Rizwan Sajan. Its selling price is more than 2.05 billion dirhams, which was unveiled in January and sold out within two weeks. This marks the creation of Views, while the last project, Fashionz, will move into the groundbreaking process over the next few weeks. As a developer, we have a very customer-centric approach and that is why we are focused on delivery. Most of our projects have been handed over well before the promised delivery date, which reflects our strong commitment towards home buyers and investors in line with our slogan We Launch, We Deliver.
As one of the most successful developers in the UAE with the highest launch-to-delivery ratio, Danube Group has recently delivered Beige, Glamz, Starz, Resortz, Elz, Lounges and Waves, while it The year is preparing to deliver three more projects. All these projects have been highly appreciated by the people who have bought units in them.
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