Dubai developer Danube Properties has notified that its latest project – the AED550 million ($150 million) Lawnz – has sold out within five weeks of its launch.
The project’s phase one, which was introduced on June 20, created a “massive interest” among home buyers, the company stated, adding that prices beginning at AED290,000.
Founder chairman of Danube Group, Rizwan Sajan stated, “The sell-out of the Lawnz in the hot summer months – a very quiet and low season for business – is a live demonstration of the public faith in the Danube brand.”
He even said, “This is also a strong testimony of the fact that there is no shortage of buyers if the properties are offered at the right location, right price, right payment plan and the right delivery schedule.”
Lawnz, in the International City, constitutes 1,032 units that raises its overall portfolio to 4,744 units with a development value crossing AED3.7 billion, spread throughout 11 projects.
Development of the project is expected to begin later in 2018 with completion in 2020. Amenities involves a health club, promenade, steam and sauna room, swimming pool, jogging track, multi-purpose hall, barbecue deck, multi-purpose court, badminton court and an outdoor cinema.
Director and partner of Danube Properties, Atif Rahman mentioned, “The customer response for the first phase of the project – about half of the total inventories – was amazing and overwhelming.”
Danube has delivered 831 properties till date including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 also 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year.
Danube Properties, part of the Danube Group, entered Dubai’s real estate market in June 2014 with Dreamz at Al Furjan – which was sold out at launch.
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