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Danube Properties to launch Dh900 million Elitz 2 project in Dubai

New Delhi/ Mumbai, June 23, 2023: Danube Properties (a part of the Danube Group), private real estate developer in the UAE, announced the launch of Elitz 2 at the Jumeirah Village Circle (JVC), with a development value exceeding Dh900 million in the presence of His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade and Bollywood Superstar Malaika Arora. Danube Group, a diversified business conglomerate, was launched by Rizwan Sajan.

Elitz 2 is the 23rd residential project by Danube Properties in the past 9 years since the company started development activities in 2014. 

A press release issued by the company says that, the project will have smart and sustainable homes that consume less energy and comply to green building standards that is in line with the UAE’s commitment to sustainability. Danube Properties offers homeowners 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval. The Dubai Land Department recently signed an agreement with Danube Properties to offer Initial Sale Contract (Oqood) to property buyers almost instantly. 

Rizwan Sajan, Founder and Chairman of Danube Group, said, “The launch of Elitz 2 is in response to the continued high demand for quality homes and comes within less than two months of launching of Fashionz project which is nearly sold out. Elitz 2 is one of our large projects in terms of the number of residential units – 750 to be specific – that is to cater to the growing demand. With a more than 40 lifestyle facilities homes in Elitz 2 offer luxury and larger-than-life lifestyle to homeowners who will be pampered with the best of the best that is available in the market.”

Prices of residential units starts from Dh650,000 (₹ 1.45 Crore) for a studio apartment. However, prices of the units will continue to appreciate with time, making them worth investing in. Danube Properties’ homes come with 1% payment plan, following the initial deposits.

The homes are usually delivered around mid-way of the payment plan, which means the buyer can move in the apartment after paying 60 percent of the total value of the property. This helps homeowners to extract additional value either by increase savings on the rents or by paying the equated monthly instalments (EMI) from the rental income.