Construction & Real Estate

Danube sells out key Dubai twin-tower property on launch day

Dubai-based developer Danube Properties has announced that its latest project Opalz - a twin-tower residential property being built at an investment of over AED525 million ($140 million) on a 66,985 sq ft plot of land in Dubai Science Park - has been fully sold out on the first day of its launch.
This reflects growing public trust and investor confidence in Danube Properties which has delivered 13 of the 17 projects it has launched so far. Opalz is the developer’s 18th project, stated the Dubai developer. 
It has recently awarded construction contracts for Skyz and Pearlz while Gemz is in the tendering process, it added.
With a built-up area of 800,000 sq ft, Opalz will come up on a plot opposite Dubai Hills Estate. It has two 19-storeyed towers connected through a podium at the bottom and a skybridge on top that hosts penthouses, common-use facilities and offers magnificient views of the neighbourhood on all sides of the building.
When completed in 2025, it will deliver a total of 575 homes including 261 studios, 206 one- and 69 two-bedroom apartments as well as 18 condominiums and four penthouses.
On the overwhelming response, Founder and Chairman Rizwan Sajan said this sell-out at launch in the current market conditions reflects the customers’ trust in the group and growing confidence in its ability to deliver luxurious properties at affordable price and on time. 
Indian comedian and actor Kiku Sharda was also present at the launch of Opalz, the 18th real estate project launched by Danube within eight years of the launch of its first project in 2014. Sharda is one of many Bollywood celebrities who have invested in Danube Properties’ homes.
A super futuristic project, Opalz boasts energy-efficient automatic lights, water conservation system, eco-friendly building with contemporary design and LED lighting façade. Apart from presenting ultimate luxury and convenience for life through a multitude of features and amenities, all apartments in Opalz are smart homes – owners will have access to home appliances through a smart home system. 
The key amenities at Opalz include waiting lounge /atrium/entrance lobby with Wi-Fi, business centre at ground floor with personal secretary, male/female prayer room, floating cinema over water body, doctor on call, kids day care/nanny on board, electric car charging point, shallow pool, kids pool, toddlers splash pad, jacuzzi, water lounge (In-built gym equipment aquatic gym) and family sitting area/cabanas and BBQ area. 
"This project takes lifestyle to a new level of class, comfort and convenience with a number of additional facilities that were not available in the market before – and at a very affordable price," stated Sajan.
"As a developer, we have so far delivered 13 projects successfully. Construction of two projects is going on in full swing while we recently announced the appointment of two contractors for two projects – which reflects our strong and unwavering commitment to timely delivery of our projects," he added.
With the launch of Opalz, Danube said its current development portfolio exceeds 8,847 units, with a combined sales value of more than AED6.17 billion. It has so far delivered 4,556 units with a combined sales value of AED3.63 billion – more than half of the entire portfolio value, it added.-TradeArabia News Service