Dubai's Danube launches new $81m Jewelz project

Developer says new residential project will feature more than 460 apartments
By Staff writer
Wed 07 Mar 2018 03:30 PM

Dubai-based developer Danube Properties has announced the launch of its 10th project called Jewelz.

The AED300 million ($81 million) project has been announced following the sales success of its previous developments, the developer said in a statement.

Jewelz was unveiled by Rizwan Sajan, founder and chairman of the Danube Group and Atif Rahman, director and partner, Danube Properties.

The new project offers 463 residential units, ranging from studio, and- and two-bedroom apartments, and features amenities including a health club, swimming pool, steam and sauna room, jogging track, and sports courts.

The project dedicates 50 percent space to open areas with an emphasis on greenery and landscapes, the statement added.

Sajan said: “I am extremely proud to announce our 10th project Jewelz next to Miracle garden at Arjan. Dubai is a lucrative and transparent market when it comes to investment. You will get the highest return on investment, high capital appreciation, and ease in doing business and strong economic growth.

"The current property prices are in favour of those who want to buy their own home. It is cheaper for a person to buy a property in Dubai than to rent one, especially if they are planning to settle in the country long term."

Rahman added that Jewelz takes Danube's portfolio to AED3.14 billion.

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Last Updated: Wed 07 Mar 2018 02:35 PM GST

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