Danube Group Enters Real Estate by Launching Danube Properties with Dh500 Million Project

Danube Properties plans to develop 175 townhouses at Al Furjan by 2016, marking a significant development in Dubai’s growing real estate sector

Dubai, United Arab Emirates - Tuesday, June 17th 2014 [ME NewsWire]

Danube Group, a Dh2 billion annual turnover conglomerate, announces its much-awaited foray in to the UAE’s real estate sector with the launch of Danube Properties – a wholly-owned subsidiary of the country’s biggest building materials supplier. At a press conference organised at the Grand Hyatt, Danube Properties announced its plan of making a gallant entry into the property market, and declared legendary Indian cricketer and Interim BCCI President Sunil Gavaskar as its brand ambassador. The company also took the majestic opportunity to unveil its first residential project ‘Dreamz by Danube’, which Mr. Gavaskar inaugurated at the event.

The new developer will offer luxury living at affordable price in a well regulated market that is gradually maturing and where quality, commitment and timely delivery is increasingly making a difference. Danube Properties will focus on the mid-market real estate segment.

Size of the 3 and 4-bedroom townhouses will have built-up area between 2,500 and 3,000 square feet while each townhouse will come with a garden that will accompany water features. With prices starting at Dh2.5 million, the modern luxury villas comes with contemporary design, latest finishing from the country’s best building materials and interior supplier that guarantee quality finishing.

“The launch of Danube Properties comes following a careful study of the needs of the UAE’s property market where the combination of quality, affordability, developer’s commitment and timely delivery is a rarity,” Rizwan Sajan, Founder and Chairman of Danube Group, said.

Construction of the project will start soon while the delivery is scheduled for 2016.

The launch of Danube Properties will help Danube Building Materials FZ-LLC to leverage its strength as the UAE’s largest building materials supplier – that also has more than 25,000 different types of building materials and interior products under one roof – in offering the widest choices of finishing that would cater to all tastes.

The launch of Danube Properties comes five years after the group rolled out its home furnishing retail chain Danube Home, the re-branded version of Danube Buildmart – that offers a great value chain in real estate, construction and home comfort.

Contacts

Ankita Arora

Mob No: +971 508438599

Email: ankita@ibuz.ae









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