Danube Properties, a major UAE-based property developer, has announced that its latest project - the Dh550-million ($150 million) Lawnz - has been sold out within five days of its launch.

Lawnz offers 1,032 residential units, ranging from studio, one and two-bedroom apartments. The project is conveniently located at the International City Phase One, said a statement from Danube.

The lavish amenities include a massive 3.8-acre promenade featuring a 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-m-wide entrance and outdoor cinema, it stated.

The project’s Phase One, which was launched on June 20 – right after Ramadan and Eid celebrations - created a massive interest amongst the home buyers, who see a greater value in the Lawnz project, a gated community that provides all luxury community facilities and services – at a very affordable price that starts from Dh290,000, said the statement.
 
Among the residential units, 50 per cent of the units are studio apartments while 40 per cent are one- and 10 per cent are two-bedroom apartments, it added.

On the success, Rizwan Sajan, the founder chairman, said: "The sell-out of the Lawnz in the hot summer months - a very quiet and low season for business - is a demonstration of the public faith in the Danube brand and the customers’ confidence in our ability to deliver quality homes at an affordable price and on time, which is very crucial for the end-users who invest their life savings with us."

"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," stated Sajan.

"Our industry-trendsetting one per cent payment per month, that helps the property buyers to move in to their homes after paying only around half the prices of the property – is a key to the success of our real estate projects," he added.

"This payment plan – the first in the Middle East by a private developer – is an ideal solution for the UAE’s middle income households who were priced out by luxury developments. Danube Properties believes in inclusiveness and sees affordable homes as the future of the real estate market in the UAE," he added.

The group's 11th project comprises 1,032 units that raises its portfolio to 4,744 units with a development value of over Dh3.7 billion, spread across 11 successful projects.
 
Construction of the project is expected to start this year with completion in 2020, it added.
 
"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" explained Sajan.

"The project dedicates 50 per cent space to open areas with an emphasis on greenery and landscapes," he added.
 
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.-TradeArabia News Service