Danube Properties launch Dh2.5 billion project Oceanz, offering 360-degree ocean views
Dubai, UAE, (September 15, 2023): Danube Properties launches Dh2.5 billion project Oceanz, offering 360-degree ocean views and luxury furnishings by Tonino Lamborghini Casa.
News Highlights:
- Oceanz embodies a lifestyle that seamlessly merges architectural elegance with Italian Interiors and Luxury Furnishings by Tonino Lamborghini Casa;
- Oceanz will add an infinity swimming pool to the already luxurious 40+ amenities;
- Danube Properties has so far launched 25 projects involving 13,529 units worth above Dh10 billion so far;
- As UAE’s fastest-growing developer, Danube Properties has launched 10 projects in the last 19 months; delivered one and planning to deliver two more with 1,303 apartments in 2023
- The launch of the Oceanz project comes as investor demand continues to drive the growth of Dubai’s real estate market which has seen 60,440 real estate transactions worth Dh 177.3 billion recorded in the first six months of 2023;
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Riding high on strong investor demand, Danube Properties, the fastest-growing private real estate developer in the UAE, has launched Oceanz. Oceanz with a development value exceeding Dh2.5 billion – that once built at the Dubai Maritime City, will offer unlimited views of the magnificent Arabian Gulf and a new leisure and cruise tourism hub next to the historic Shindagha heritage village.
When completed in the first quarter of 2027, Oceanz will rise 51 floors above the ground including a six-level podium filled with car parking and community facilities with 44 floors of residential properties, and deliver 1,250 residential units including studio apartments, 1-bedroom, 2-bedroom and 3-bedroom apartments and a few retail stores. Like most other Danube projects, homes at Oceanz also come with more than 40 community, health and lifestyle amenities including a health club, infinity swimming pools, a sports arena, a tennis court, a barbecue area, a jogging track, a doctor on call, nanny on board among other facilities.
In terms of the number of units and development value, Oceanz is Danube Properties’ largest project announced to date and the first on the Arabian Gulf coast overlooking a large body of water. Due to its location, facilities and amenities, apartments at Oceanz will see value appreciating and command a higher rental income for homebuyers in the coming years.
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Oceanz is Danube Properties’ 25th residential project in 9 years since the company started development activities in 2014 and the 10th project to be launched in the last 19 months, that translates to one project launch in less than every two months – making it also the busiest and the fastest-growing private real estate developer in the UAE.
“As demand for homes continues to grow, we are committed to bringing more supplies into the market to meet the rising demand. The launch of Oceanz – our third project in three months – reflects our strong commitment to offer a great variety of residential options to homebuyers and help rebalance the market to create a win-win situation for all stakeholders,” Rizwan Sajan, Founder and Chairman of Danube Group, said.
“Despite global economic headwinds in certain parts of the world, the real estate market in Dubai is performing extremely well and outperforming almost all other global property markets – thanks to the visionary and wise leadership of the country.
“Homes within Oceanz come with infinite ocean views – unmatched in the market. Once completed, the surrounding areas around Oceanz will match the famous residential apartments in Malibu or Miami in the United States. In three years, Dubai Maritime City will be compared to some of the most sought-after coastal properties in the world and the value of each apartment will appreciate to a completely different level. This way, at the prices that we are offering today, home buyers could sell it at double the price on handover.”
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Prices of residential units start from Dh1.1 million for a studio apartment, making them an attractive proposition for home buyers and investors who could benefit from the continuous price appreciation as the real estate sector is witnessing an increase in demand. Danube Properties’ homes come with a trend-setting 1 percent monthly payment plan, following the initial deposits – making home acquisition more affordable and attractive.
Danube Properties maintains a policy of launching one project at a time, selling it out, and then appointing a contractor to build the project, before launching the next one.
In addition to launching projects and building them, Danube Properties will also deliver three projects this year including Wavez (delivered), Jewelz and Olivz. Most of the projects launched in 2022 and 2023 are ahead of the construction and delivery schedule. The company has recently sold out the Elitz 3 project launched in August 2023.
Oceanz is Danube Properties’ 5th project so far this year. Oceanz with Italian Interiors and Luxury Furnishings by Tonino Lamborghini Casa will offer 360-degree panoramic views of the endless ocean every single day.
Apartments within Oceanz will be smart and sustainable homes and will consume less energy – in line with the UAE’s commitment to sustainability.
Danube Properties offers homeowners a 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval.
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Ends
Editor’s Note
About Danube Properties
Danube Properties, part of the Danube Group, made its foray into the real estate market in June 2014, by launching the Dh500 million 171 townhouses at Al Furjan. Since then, it continued to expand its development portfolio by launching Glitz Residence I, II, III, Starz, Glamz, Miraclz, Resortz, Bayz, Jewelz, Elz, Lawnz, Wavez, Olivz, Skyz, Pearlz, Gemz, Opalz, Petalz, Elitz I, Viewz, Fashion, Elitz II and Elitz III projects.
The company currently has a development portfolio of 13,529 units, with a combined value exceeding Dh 10 billion. It has so far delivered 4989 units.
For additional information on Danube Properties, visit: www.danubeproperties.ae
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About Danube Group
Danube Group is a Dubai-based diversified business conglomerate with interests in building materials, home décor and real estate development. Established in the year 1993 by Founder and Chairman Rizwan Sajan – a UAE-based entrepreneur – the Danube Group has achieved a US$1.3 billion (Dh5 billion) annual turnover in 2019.
The group’s flagship company, Danube Building Materials FZCO, is the largest supplier of quality building materials in the Gulf Cooperation Council (GCC) countries. It provides more than 25,000 products in stock and in-house value-added services in all its multiple sets of showrooms across the Middle East region and India.
The company operates from its head offices in JAFZA with logistics facilities across the region which amount to 5 million square feet and include a kiln drying facility, factory, and warehouses of the group.
From a small trading firm, Danube has grown into one of the largest building materials companies in the region, with its diversified branches worldwide including UAE, Oman, Bahrain, Saudi Arabia, Qatar and India, in addition to procurement offices in China and Canada.
Danube Home is one of the largest home décor retailers in the GCC with a growing footprint across the region.
Danube Group employs more than 5,000 people across the GCC and India, representing 44 nationalities.
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