Construction Industry News
Thanks to strong demand from Indian investors, Danube Properties has launched Oceanz. Oceanz, with a development value of over Rs 5,600 crore, once built in the maritime city of Dubai, will offer unlimited views of the Arabian Gulf and a new cruise tourism and leisure center adjacent to the historic Shindagha village. One tower of the two Oceanz towers with more than 500 units sold out on launch day. With the increasing investment demand from Indians, Danube Properties plans to hold roadshows and exhibitions in five Indian cities including Delhi NCR, Mumbai, Pune, Hyderabad and Chennai.
Prices for the residential units start at Rs 2.42 crore for a studio apartment, making them an attractive proposition for homebuyers and investors who could benefit from the continued rise in prices as the real estate sector witnesses of an increase in demand. Danube Properties homes come with a trend-setting 1 percent monthly payment plan after initial deposits, making home purchasing more affordable and attractive.
Rizwan Sajan, Founder and Chairman of Danube Group, said: As demand for housing continues to grow, we are committed to bringing more supply to the market to meet the growing demand from all countries, especially India. The launch of Oceanz, our third project in three months, reflects our strong commitment to offering homebuyers a wide variety of housing options and helping to rebalance the market to create a win-win situation for all stakeholders.
With Oceanz in Dubai Maritime City, Danube Properties brings investors and homebuyers to a new cruise and leisure tourism destination that will become synonymous with the Malibu or Miami of the Middle East in the coming years. Oceanz is Danube Properties 25th residential project in 9 years.
When completed in the first quarter of 2027, Oceanz will rise 51 stories above the ground, including a six-level podium filled with parking and community amenities with 44 stories of residences, delivering 1,250 residential units including studio, 1-bedroom apartments , 2 and 3. one bedroom apartments and some shops.
Danube Properties has a policy of launching one project at a time, then selling it, and then appointing a contractor to build the project before launching the next.
In addition to launching and building projects, Danube Properties will also deliver three projects this year, including Wavez (completed), Jewelz and Olivz. Most projects started in 2022 and 2023 are ahead of the construction and delivery schedule.
The company recently sold the Elitz 3 project, launched in August 2023. Danube Properties offers owners a 10-year Golden Visa, especially those who qualify based on investment criteria, subject to government approval.
