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Wednesday, April 24, 2024

In Dubai, Danube Properties’ Oceanz project’s first tower sold out

Danube Properties’ Oceanz project, valued at Dh2.5 billion, has sold out one of its two towers during its launch, reflecting strong demand from both residents and foreign investors in Dubai’s property market.

The sold-out tower comprises over 500 units, underscoring the growing trust and investor confidence in Danube Properties. Rizwan Sajan, the founder and chairman of Danube Group, attributed this success to the company’s customer-focused development and delivery policy, which includes timely project implementation and delivery.

The Oceanz project, set to be completed in the first quarter of 2027, will consist of a 51-floor tower featuring 1,250 residential units, including studio apartments, 1-bedroom, 2-bedroom, and 3-bedroom apartments, along with a few retail stores. The development includes a six-level podium for car parking and community facilities.

Danube Properties is on track to deliver three projects this year: Wavez (already delivered), Jewelz, and Olivz. Many of the projects launched in 2022 and 2023 are ahead of schedule, with the Elitz 3 project, launched in August 2023, also selling out recently.

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