Danube Properties, a major Dubai-based property developer, launched its 11th project Lawnz at the International City worth Dh550 million comprising of 1,064 units.
This new project will take its portfolio to 4,744 units with a development value exceeding Dh3.7 billion, spread across 11 successful projects.
Construction of the project is expected to start in 2018 with completion in 2020. Lawnz is Danube Properties’ first project at the International City and its first gated complex.
“This is our biggest project so far that will add 1,064 units to our existing portfolio and we are all excited to launch the project at the International City that has a very vibrant community,” Rizwan Sajan, Founder Chairman of Danube Group, said. “This is our second project launch this year and comes after three months of the launch of the Dh300 million Jewelz that adds 463 units offering more than 15 per cent return on investment, which has been a runaway success in terms of sale.
“The launch of such a large project at such a crucial time reflects our confidence in Dubai’s real estate market which will continue to grow due to the attractiveness of Dubai and the UAE as a major investment destination.”
The Dh550 million Lawnz offers 1,064 residential units, ranging from studio, one and two-bedroom apartments. The project is conveniently located at the International City Phase 1. The amenities include a massive 3.8 Acres Promenade which offers Canal, Sunken Plaza, a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, multi-purpose court and a high-tech surveillance system for the protection and security of the residents. The property also comes with a 42 metres wide entrance and outdoor cinema.
Among the residential units, 50 per cent of the units are studio apartments while 40 per cent are one-bedroom apartments and 10 per cent are two-bedroom apartments.
The building design and architectural aesthetic was created to reinforce the design strategy of Danube, which helps maximise the living space while delivering the convenience of community living. The project dedicates 50 percent space to open areas with an emphasis on greenery and landscapes.
Atif Rahman, Director and Partner of Danube Properties, says, “Apartments at Lawnz have been priced keeping the end-users in mind and their comfort level. The units come with the most unique and unseen design of living space.
“In addition to the project’s location and the five-star facilities, Danube’s industry-leading 1 percent per month payment scheme will ensure a faster sell-out of the properties. Lawnz will attract a large number of new home buyers – who were earlier unable to own their home due to price constraint.
“Because of our Volume, Value Engineering and Design efficiency, we were able to offer luxury at an affordable price. However, the monthly payment has empowered the buyers and has encouraged the middle-income families to put their life savings in our properties.
“In this way, we are hopeful of attracting new home buyers who were deprived of the opportunity of owning their own home until now.”
Danube has delivered 831 properties so far including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 as well as 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year. – firstname.lastname@example.org