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Elitz 3 Offers A Pioneering 1% Monthly Payment Plan, Following The Initial Deposits.
Over the weekend, Danube Properties introduced Elitz 3, an impressive project with a development value surpassing Dh800 million, situated at Jumeirah Village Circle (JVC). This development will be adjacent to Elitz and Elitz 2 towers, which are currently under construction. By the fourth quarter of 2026, the twin towers will stand tall at 40 and 46 floors, offering 750 residential units. Including studios, 1, 2, and 3-bedroom apartments, as well as a selection of retail stores.
Danube Elitz 3 boasts an array of more than 40 community, health, and lifestyle amenities. Encompassing a health club, swimming pools, sports arena, tennis court, barbecue area, jogging track, and much more. Marking Danube Properties’ 24th residential project and the 9th tower launched within the past 18 months. Elitz 3 represents a testament to their commitment to providing exceptional living experiences.
With the addition of Elitz 3, the Danube project portfolio expands to an impressive 11,529 units. Spread across 24 projects, boasting a combined development value exceeding Dh10 billion.
Rizwan Sajan, Founder, and Chairman of Danube Group, expressed confidence in Dubai’s real estate market. Citing its resilience and allure amidst global economic challenges. The launch of Elitz 3 at JVC, just a month after Elitz 2, reflects their strong belief in the market’s sustained growth.
Sajan further emphasized the unprecedented surge in real estate transactions in Dubai. Along with 60,440 transactions worth Dh177.3 billion recorded in the first half of the year. The value of sales during this period surpasses the annual sales value from 2009 to 2021. Indicating real estate’s significant role in driving Dubai’s economy and attracting both domestic and foreign investments.
Starting at Dh699000 for a studio apartment, Elitz 3 introduces a revolutionary 1 percent monthly payment plan, enhancing affordability and attractiveness for potential buyers.
According to Rizwan Sajan, Founder, and Chairman of Danube Group, the innovative 1 percent monthly payment scheme has enabled more tenants to become proud homeowners, contributing to an increase in the number of freehold homeowners in the UAE.
Danube Properties ensures timely delivery of homes, usually halfway through the payment plan. This unique approach allows buyers to move into their apartments after paying 65 percent of the property’s total value. This, in turn, enables homeowners to maximize their investment by saving on rent or utilizing rental income to cover equated monthly installments (EMI).
Adhering to a strategic approach, the private developer adopts a one-project-at-a-time policy. They launch, sell out, and then engage a contractor for construction before embarking on the next venture. Presently, they have successfully delivered 11 projects, with several others currently at various stages of construction.
Among the upcoming projects, the developer is set to deliver three towers this year, namely Wavez, Jewelz, and Olivz. Notably, the majority of the projects launched in 2022 and 2023 are ahead of their construction and delivery schedules, as stated in a recent Sunday announcement.
Demonstrating their commitment to efficiency and customer satisfaction, Danube has signed an agreement with the Dubai Land Department to facilitate the swift issuance of Initial Sale Contracts (Oqood) for property buyers.
