Danube Properties, a leading developer in the UAE, has launched a new Dh300-million ($81.6 million) affordable luxury housing project called Jewelz, offering 463 residential units, ranging from studio, one- and two-bedroom apartments.

Danube’s 10th project was unveiled by Rizwan Sajan, founder and chairman of the Danube Group, and Atif Rahman, director and partner, Danube Properties Development, in the presence of the media, brokers as well as senior management of the company.

The project is attractively located on a plot adjacent to the park with a private entrance leading to the property. The amenities include a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, paddle tennis court and a high-tech surveillance system.

The building design and architectural aesthetic was created to reinforce the design strategy of Danube, which helps maximise the living space while delivering convenience of community living. The project dedicates 50 per cent space to open areas with an emphasis on greenery and landscapes.

Sajan said: “I am extremely proud to announce our 10th project Jewelz next to Miracle garden at Arjan. This project is launched with a refined customer in mind, offering luxury living at an affordable price and 15 per cent returns on your total investment along with our benchmark one per cent monthly payment plan. We have ensured the best value is offered in terms of price, facilities and services etc. The project reflects our continued commitment and confidence in the market and ultimately our endeavour to create a better quality of life for our customers.”

Referring to the real estate market, he added: “Dubai is a lucrative and transparent market when it comes to investment. You will get the highest return on investment, high capital appreciation, and ease in doing business and strong economic growth.

“In addition, it offers low property prices, excellent rental yields, investor-friendly payment plans and the best cosmopolitan atmosphere. The current property prices are in favour of those who want to buy their own home. It is cheaper for a person to buy a property in Dubai than to rent one, especially if they are planning to settle in the country long term."

“I am pleased to launch our latest project today. This takes our portfolio to Dh3.14 billion, reinforcing our presence in the industry. I reiterate that as a company we have remained focused on two things ‘what we deliver’ and ‘when we deliver’ with detailed attention to the process more than the result,” said Rahman.

“I want to assure everyone that as a builder we go beyond the top line or the margins we make and we are driven by customer satisfaction. There has been continued increase in interest from people looking to invest in affordable homes and we promise to offer the best in its class asset in this segment.

“We carefully design our projects to meet end-users needs and deliver a community lifestyle, evidence of which can be seen at our recently delivered projects. I also want to highlight that alongside the brand credibility, excellent location and design at extremely competitive prices, Danube Properties empowers its customers by offering a convenient payment plan which helps them build their home,” he added. – TradeArabia News Service