Gemz Project by Danube Properties Was Sold Within Hours Of Launched

Within The Last Eight Months, the Developer Has Sold Out Three Projects

Danube Properties’ latest Dh350 million Gemz Project was bought out within a few hours of its opening. Demonstrating that interest in the affordable property remains high in Dubai. End-users and brokers flocked to the idea.

“As we continue to meet our commitments to an increasing number of UAE nationals. That is our strongest point and inspiration,” stated Rizwan Sajan, founder, and chairman of Danube Group.

This is the developer’s third project, all of which have sold out in less than eight months, indicating favorable market momentum and the fact that additional purchasers are joining the market.

Expats who plan to stay in the UAE for a long time are increasingly opting to buy their own house rather than rent. As Khaleej Times previously reported. According to real estate sector executives and analysts, this tendency is primarily seen among persons. In their 20s, 30s, & 40s who are investing to protect themselves against inflation.

Danube Properties stated that 11 of the 17 projects stated so far have been completed. “In terms of quantity, we have delivered 4,556 units out of 8,272 units sold out thus far. We have delivered Dh3.63 Billion worth of homes to our satisfied customers. Out of a total development value of Dh5.65 billion,” Sajan added.

From September 2022, when the process begins, Danube Properties will begin processing for long-term residency & Golden Visa for investors. Who meet the corresponding criteria, such as Dh2 million, Dh5 million, and Dh10 million ceilings.

Gemz Apartments will be built on a plot of 101,000 sq. ft. and will have a built-up area of 530,000 sq. ft.…! The 14-story building will house 270 apartments, 24 studios, 74 one-bedroom, 114 two-bedroom, and 42 three-bedroom apartments, & 16 duplexes.

Danube Home will provide fully furnished homes to buyers who ordered and paid their initial payment on the first day.