Danube Properties has announced that the first phase of its Danube Lawnz project in Dubai International City is already sold out.
The developer opened sales for off-plan units at Danube Lawnz just five weeks ago, with prices starting at AED 290,000. Once all phases are complete, in total, the project will be worth AED 550 million.
Danube said that the sell-out, which occurred during the traditionally slower summer months, highlighted the demand for reasonably priced properties in Dubai.
“The sell-out of the Lawnz in the hot summer months – a very quiet and low season for business – is a live demonstration of the public faith in the Danube brand,” said Rizwan Sajan, founder and chairman of Danube Group.
“This is also a strong testimony of the fact that there is no shortage of buyers if the properties are offered at the right location, right price, right payment plan and the right delivery schedule.”
Danube Lawnz will eventually be made up of 1,032 units spread across a dedicated area in International City. Amenities will include a swimming pool, health club, steam and sauna room, jogging track, sports courts, and a promenade with restaurants and retail offerings.
If you wanted to get in on the Danube Lawnz action, however, you can take comfort in the fact that phase one amounted to around half of the total inventory available for the project. The developer has not said when the second phase of units will be available for sale.
Construction for Danube Lawnz is expected to begin later this year, with the project set for completion by 2020.