real estates & property

Dugasta Properties, a Dubai-based developer that translates dreams into reality, has launched a game-changing scheme for home buyers at Al Haseen Residences that guarantees 8 percent annual return on investment in the first five years – followed by a buy-back option after the fifth year to sell off the properties back to the developer.

 

Moreover, the integrated package comes with a service charge waiver for the first five years, that amounts to a healthy net saving. Al Haseen Residences, a mid-rise two-building project located next to Al Maktoum International Airport, offers 217 apartments that have been built and delivered by Dugasta Properties.

 

Prices of ready-to-move-in apartments start as low as Dh342,000 (US$93,188) for a studio and Dh1,023,000 for a two-bedroom apartment – way below the current market prices – that is going to double in the next few years due to the massive development taking place next to Al Maktoum International Airport close to where Al Haseen Residences are located.

 

With such low prices, investors could benefit from the expected price appreciation in the next few years due to growing demand for homes around Dubai South where the world’s largest greenfield airport – Al Maktoum International – is being developed that will create a new city in the area.

 

As per the 8 percent guaranteed return on investment scheme an investor in a property priced, for example, at Dh1 million for a two-bedroom apartment will receive a guaranteed Dh80,000 return every year for the first five years and subsequently receive a guaranteed total of Dh400,000 in five years, regardless of the market conditions – and then if he wish to sell the property after five years, the developer could buy back the property. This game-changing initiative will create a win-win situation for everyone – the property buyer or investor, developer and broker – and will encourage new investors to benefit from the opportunities created by the scheme.

 

“This effectively means that the home buyer or investor would get back 8 percent of their investment per annum for five years,” Tauseef Khan, Founder and Chairman of Dugasta Properties, says.

 

“As per the scheme, we are also offering the buy-back option of the property after five years, if the buyer/investor decides to sell it off. Although properties are currently selling at a higher price, we have decided to enter the market at a comfortable and attractive price point that will attract the middle-income families to buy their dream homes and we believe this price will be sustainable in the long run even in the case of softening of the market.”

 

Mr. Tauseef Khan, who brings more than three decades of experience in leasing and selling property across Dubai, through his leasing and sales arm, City Tower Real Estate, which manages more than 7,000 apartments and villas in Dubai, added, saying, “As we celebrate the Year of Sustainability in the UAE and prepare to host COP28 Summit in November, it is important to practice sustainability in all aspects. For us, economic sustainability is more crucial than environmental sustainability as we need to sell properties at a price that market can support in the long run.

 

“Hence, we have decided to start the price from as low as Dh342,000 for a studio, although we could sell at a much higher price. I believe, this price is very affordable and sustainable and the market could support this price even in the face of a soft landing sometime near future.”

 

The new scheme, coupled with the lowest possible prices, service charge waiver and attractive location of the future, makes Al Haseen Residences the most sought-after properties and buyers will be able to sell them at double the purchase price, if not triple in the next few years when most airlines start shifting flights to Al Maktoum International Airport that has a design capacity to handle 160 million passenger per annum. The demand for homes in that area will jump manifold, so will the price.

 

Mr. Azaan Khan, CEO of Dugasta Properties, says, “Dugasta Properties has lined up an ambitious pipeline of projects aligned with the vision of the Government of Dubai to create world-class assets for local and foreign investors. We are going to announce them in due course.

 

“Our first project Al Haseen Residences is the perfect example of this and offers a great investment proposition for those who are looking for a combination of luxury, affordability, and profitability located where all the new developments are going to take place. In that way, buyers of the Al Haseen Residences will have the first-mover advantage.”

 

Dugasta Properties’ sales, marketing and leasing arm City Tower Real Estate has been in business for the last three decades dealing with tenants and corporate customers with high-quality leasing advisory services. Dugasta Properties is the group’s new real estate development company which will spearhead a series of projects for development in the coming years.

 

Mr. Assad Khan, President of Dugasta Properties, says, “At Dugasta Properties, we are committed to providing our customers with the best possible value for their money. Our new investment scheme guarantees a healthy return on investment, making it the perfect opportunity for those looking to buy a home in Dubai. Our game-changing investment scheme is an ideal deal for everyone involved. Investors can enjoy a guaranteed return on their investment, while we are able to expand our portfolio and meet the growing demand for housing in Dubai.”

 

Dugasta Properties offers 40% guaranteed returns in 5 years on purchase of homes with buy-back option after 5 years Read More

Date: Dubai, UAE, August 5, 2023

Danube Properties, the fastest-growing private real estate developer in the UAE, announces the launch of Elitz 3 at the Jumeirah Village Circle (JVC), with a development value exceeding Dh 800 million at a star-studded event at Danube Sports World. The project will be in the same area as Elitz and Elitz 2 towers – which are currently under construction at the JVC – and help meet the growing demand for quality homes.

 

When completed in the fourth quarter of 2026, the twin-tower project Elitz 3 will rise 40 and 46 floors high and deliver 750 residential units including studio apartments, 1-bedroom, 2-bedroom, and 3-bedroom apartments, and a few retail stores. Like most other Danube projects, homes at Elitz 3 also come with more than 40 community, health, and lifestyle amenities including a health club, swimming pools, sports arena, tennis court, barbecue area, and jogging track, among other facilities.

 

Elitz 3 is Danube Properties’ 24^th residential project and the 9^th project to be launched in the last 18 months, which translates to one project launch every two months – making it also the busiest and the fastest-growing private real estate developer in the UAE.

 

With Elitz 3, Danube Properties’ project portfolio stands at 11,529 units spread across 24 projects with a combined development value exceeding Dh10 billion so far.

“Dubai’s real estate market continues to defy global economic slowdown due to its dynamism and attractiveness and we see sustained growth soon, which reinforces our firm belief in the market. This is what has encouraged us to launch Elitz 3 within just a month after launching Elitz 2 at the Jumeirah Village Circle (JVC),” Rizwan Sajan, Founder, and Chairman of Danube Group, said.

 

“The UAE’s leadership in handling the COVID-19 pandemic and managing the post-pandemic recovery has drawn the attention of the global investor community who have started to relocate their resources to the UAE, as evident in the growing number of tourists, businessmen, new business set up and purchase of both off-plan and ready-to-move-in apartments and villas.

 

“The launch of the Elitz 3 comes after Dubai’s real estate market has seen an unprecedented surge in the number of real estate transactions reaching 60,440 worth Dh 177.3 billion being recorded during the first half of the year. The value of real estate sales recorded in the first six months of the year exceeds the annual sales value recorded each year in Dubai from 2009 to 2021.

 

“Real estate is currently the biggest driver of Dubai’s economy that is attracting a large pool of domestic and foreign investment.”

 

Prices of residential units start from Dh 699,000 (US$190,305) for a studio apartment, making them an attractive proposition for home buyers and investors who could benefit from the continuous price appreciation as the real estate sector is witnessing an increase in demand. Danube Properties’ homes come with an attractive payment plan with a trend-setting 1 percent monthly payment plan, following the initial deposits – making home acquisition more affordable and attractive.

 

The homes are usually delivered around mid-way through the payment plan, which means the buyer can move into the apartment after paying 65 percent of the total value of the property. This helps homeowners extract additional value either by increasing savings on the rent or by paying the equated monthly installments (EMI) from the rental income.

 

 

Danube Properties maintains a policy of launching one project at a time, selling it out, and then appointing a contractor to build the project, before launching the next one. It has delivered 11 of them while the rest are currently under various stages of construction.

 

In addition to launching projects and building them, Danube Properties will also deliver three projects this year including Wavez, Jewelz, and Olivz. Most of the projects launched in 2022 and 2023 are ahead of the construction and delivery schedule.

 

“Elitz 3 comes with more than 40 lifestyle facilities that offer luxury and larger-than-life lifestyles to homeowners who will be pampered with the best of the best that is available in the market. With the increased number of lifestyle facilities and amenities, we are gradually expanding and upgrading the comfort level to our buyers who see an increasingly greater value in our properties,” Rizwan Sajan says.

 

“Our trend-setting 1 percent monthly payment scheme is helping more and more tenants to buy property and enjoy living in their own homes which has increased the number of freehold homeowners in the UAE.”

 

Elitz 2 homes will be smart and sustainable homes and will consume less energy – in line with the “Year of Sustainability” ahead of COP28.

 

Danube Properties offers homeowners a 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval. As a testament to the Dubai Land Department trust, the DLD also signed an agreement with Danube Properties to offer an Initial Sale Contract (Oqood) to property buyers almost instantly.

 

Danube Properties last year launched and sold out five projects with 2,099 homes worth Dh2 billion. As one of the most successful developers in the UAE with the highest launch-to-delivery ratio, Danube Group has recently delivered Bayz, Elz, Glamz, Lawnz, Resortz, and Starz, and while it is preparing to deliver three more projects this year. All these projects have been greatly appreciated by those who have bought units in them.

 

Danube Properties launch Dh800 million Elitz 3 project in Jumeirah Village Circle, offering the best value for home buyers Read More

With the aim to promote investment opportunities and expand its business network

To be held in Abu Dhabi between May 8-10

 

Sharjah, May 6, 2023

Sharjah Media City (Shams) announced its participation in the Annual Investment Meeting (AIM), which will be held in Abu Dhabi from May 8th till 10th under this year’s theme ‘The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity’.

 

The conference will take place in the presence and with the participation of a wide range of representatives from many countries, and will include major global investors and international business leaders from the public and private sectors to review the latest updates in promoting sustainable development and future solutions for the global economy.

 

His Excellency Dr. Khalid Omar Al Midfa, Chairman of Sharjah Media City (Shams), said: “Our main aim of participating in the Annual Investment Meeting within the Sharjah pavilion, in cooperation with “Invest in Sharjah” is to promote investment opportunities in the city and expand our business network by highlighting services and facilitation packages provided to entrepreneurs to help establish companies. We wholeheartedly support innovation in entrepreneurship to promote creative industries. Sharjah and its free zones have always enabled businesses, SMEs and entrepreneurs to engage in the media and creative sectors, supporting the growth of creative entrepreneurs and SMEs to develop their ideas through licences that best meet their future needs.”

 

Al Midfa added that the importance of participating in such investment meetings and events lies in identifying new investment trends. He emphasised that this Annual Investment Meeting is among the important tools through which to familiarise oneself with the strong investment scene of the UAE which acts as an important station that unites investment magnates and entrepreneurs, individuals and companies from all over the world to make decisions about future options for their investments.

Shams supports economic growth through its strong global network of companies, providing innovative solutions and customer support services, assisting in the process of setting up a business, providing a comprehensive technology ecosystem and support to businesses with pioneering ideas. The city has succeeded in attracting entrepreneurs to the media sector in large part due to its commitment to attracting, nurturing and promoting the growth of media and creative companies, resulting in an increase in informational companies in its portfolio of customers.

The conference will highlight the latest trends and investment opportunities for all sectors within five main categories: foreign direct investment, startups, small and medium enterprises, future cities and foreign investment portfolios.

Participants of the Annual Investment Meeting 2023 will witness and partake in many activities and events throughout the conference days, including the exhibition, investment roundtables, investment destination presentations, investment competitions and awards, startup project competition and awards, investor centre, presentations of countries’ economies. AIM will additionally host face-to-face G2G, G2B, and B2B meetings between companies and representatives of government agencies.

Sharjah Media City Participates in Annual Investment Meeting 2023 Read More

UAE-Dubai, 15 April 2023: Deira Enrichment Project (DEP) and Dubai Gold Souk Extension (DGSE) are excited to announce the launch of their much-awaited festive campaign, dedicated to helping customers prepare for Eid celebrations that are bigger and better than ever before.

 

Running between April 16th – 22nd, shoppers can take advantage of DEP’s exciting campaign by shopping at any of the 500 stores or 40 restaurants participating. The extensive range of shopping and dining options include jewellery, watches, perfumes, and unique F&B concepts for customers to explore. By spending AED 50 or AED 1000, customers can scan the in-store QR code and join the digital raffle under two winning categories respectively: Fun Eidiya and Big Eidiya.

 

The ‘Fun Eidya’ raffle will award dining vouchers worth AED 3,000 to five lucky customers, while the ‘Big Eidiya’ category will award one customer with jewellery vouchers worth AED 15,000 and four other winners with jewellery vouchers worth AED 5,000 each. In total, 10 lucky winners will be selected through the digital raffle on the final day of the promotion, with the prize pool totalling AED 50,000.

 

Commenting on the campaign, Lachlan Gyde, Executive Director of Asset Management at Ithra Dubai, said: “We’re excited to offer residents and visitors to our communities an unforgettable Eid experience with the chance to win exciting prizes totalling AED 50,000. This festive campaign showcases our commitment to providing residents and visitors to our communities with unique, festive, and engaging experiences while encouraging them to explore our vast retail and entertainment offerings. We urge our patrons to partake in this incredible opportunity and look forward to congratulating the 10 lucky winners who will have an extra reason their Eid is truly spectacular this year.”

 

Deira Enrichment Project spans a numerous districts and boasts several complexes including Sherina Plaza, Osha Plaza, One Deira, Shamma Plaza, and Moza Plaza, among others. For the convenience of shoppers, several parking structures are dotted across DEP; for those who prefer not to drive, the plazas are conveniently connected to two metro stations and a Dubai Transport Hub at One Deira Mall, offering visitors a variety of transportation options to choose from.

 

Customers interested in learning more about the offers, promotions, and brands can visit www.deiraenrichmentproject.com.

 

Experience the Magic of Eid with Deira Enrichment Project, Win Dining & Jewellery Vouchers Worth AED 50,000  Read More

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, sold out Elitz, its fifth residential project in 2022 with a development value exceeding Dh550 million, marking a record year for the developer.

 

Elitz, to be developed at 36,930 square feet plot of land at Jumeirah Village Circle, will have a built-up area of 695,000 square feet. It will deliver 268 studio, 203 One-bedroom apartments, 65 Two-bedroom flats, 13 Three-bedroom flats and four duplexes. Elitz is a twin-tower project that is connected with a podium complex that houses car parking, community facilities as well as 284 retail units.

 

Elitz, has been sold out at launch, snapped up by the investors, buyers and brokers, that reflects the strong buyer interest. The project is planned for handover in the fourth quarter of 2025 to the customers.

 

“The real estate market in Dubai has come out of age and has demonstrated resilience by registering growth amid the biggest pandemic in human history, by recording Dh300 billion sales and mortgage transactions last year, which is definitely going to be broken this year to create a new record,” Mr Rizwan Sajan, Founder and Chairman of Danube Group, said at a crowded press conference in Dubai.

 

“For Danube Properties, 2022 is going to be a record year for us when we launched six sold out projects–consecutively, this reflects the buoyancy in the market and strong investor interest in quality homes. It reflects the customer loyalty and the goodwill developed by Danube Properties in the market. We take this opportunity to thank our customers – our biggest stakeholders, Dubai Land Department and other partners for a record-breaking year.

 

“As we close 2022, we look forward to a new year with renewed hope of delivering some more landmark projects while delivering the under-construction projects to take the real estate market to the next level.”

 

Residents of Elitz will have easy access to Mohammed bin Zayed Road and Al Khail Road. It comes with more than 30 amenities and Danube Properties’ benchmark facilities penthouses, common-use facilities and offers magnificient views of the neighbourhood on all sides of the building – that redefines luxury lifestyle.

 

It also introduces the home-office solutions in two-bedroom apartments where families can convert a part of the open space into co-working facility to manage work from home which is becoming the trend following the COVID-19 pandemic. Most companies now allow professionals to work from home that saves time, reduces traffic on the street and increases productivity. Moreover, it offers a better work-life balance.

 

Prices of a Studio Apartment starts at Dh599,000. Buyers booking on the first day of the project launch, will get fully furnished apartment.

 

Bollywood fame Ankit Tiwari, an Indian playback singer, music director and composer was present at the launch and he is the new Bollywood celebrity to join the bandying of celebrities like, Kiku Sharda, Meet Brothers, Karan Kundra and Tejaswini Prakash who have found their dream home in Dubai with Danube Properties.

 

Elitz is the 20^th real estate project launched by Danube Properties so far within eight years of the launch of its first project in 2014. It has so far delivered 13 of the 20 projects launched earlier – making it one of the most successful developers when compared to announced vs delivered projects.

 

With the launch of Elitz, Danube Properties’ current development portfolio exceeds 8,779 units, with a combined sales value exceeding Dh6.75 billion. It has so far delivered 4,556 units with a combined sales value of Dh3.63 billion – more than half of the entire portfolio value.

 

Once built, Elitz will be surrounded by ample community facilities such as schools, hospitals, retail outlets, convenient stores, parks as well as business and recreational facilities including shopping malls, office towers and hotels. It also has great connectivity to Dubai International Airport and Al Maktoum International Airport.

 

The project boasts energy-efficient automatic lights, water conservation system, environmentally friendly /eco-friendly and the most futuristic 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 Elitz are smart homes – owners will have access to home appliances through a smart home system.

 

The extravagant amenities at Elitz include waiting lounge/atrium/entrance lobby designed by interior designer with Wi-Fi, business centre at ground floor with personal secretary, male/female prayer room with ablution, 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, BBQ area, among others.

 

For its residents to maintain a healthy lifestyle, Elitz offers gymnasium open-air Yoga platform, jogging track with rubber flooring, games zone (pool table, snooker, table tennis), wellness centre, spa, etc. Apart from all these a multi-purpose hall/party hall and sky lounge at the crown of the tower have been provided with juice bar at Top Crown together with skybridge at the crown of the tower.

 

Danube Properties offers home-owners 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval.

 

As one of the most successful developers in the UAE with the highest launch-to-delivery ratio, Danube Group has recently delivered Bayz, Glamz, Starz, Resortz and Lawnz while it prepares to deliver two more projects this year. All these projects have been greatly appreciated by those who had bought units in them.

 

Danube Properties has recently launched two projects Gemz and Pearlz in Al Furjan a vibrant residential development located between Sheikh Zayed Road and Mohammed Bin Zayed Road. In May this year, it launched Gemz and in September this year, it launched Opalz – all sold out at launch. The end-users and brokers had lined up before the stipulated time and thronged Danube Properties office as soon as it opened. This demonstrates buyers’ confidence in Danube Properties.

 

Danube Properties’ Dh550 million Elitz sold out on day of launch – marking a record this year for the affordable luxury developer – selling Dh2.5 billion worth of units Read More