Danube Lawnz will bring 1,064 studio, one and two-bedroom apartments units to market, taking Danube’s portfolio to 4,744 units completed or under development.
Construction is scheduled to start this year with completion expected in 2020.
“This is our biggest project so far that will add 1,064 units to our existing portfolio and we are all excited to launch the project at the International City that has a very vibrant community,” said Rizwan Sajan, founder chairman of Danube Group.
“This is our second project launch this year and comes after three months of the launch of the AED300 million Jewelz that adds 463 units offering more than 15 percent return on investment, which has been a runaway success in terms of sales.
“The launch of such a large project at such a crucial time reflects our confidence in Dubai’s real estate market, which will continue to grow due to the attractiveness of Dubai and the UAE as a major investment destination.”
Danube has handed over 831 properties since it entered the development market in 2014. Handovers include 302 units in Glitz Residences 1 and 2, 358 in Glitz Residences 3 and 171 at Dreamz. Another 870 units are scheduled to he handed over to buyers this year.