Danube Properties' Dh475 Million Skyz Tower a Great 2nd Home Asset for Investors

Last Update: Tuesday, November 9, 2021 : 16:27 (+4GMT)

Danube Properties promotes its assets at the Cityscape Global exhibition at the Expo 2020

Date: Dubai, UAE, November 09, 2021

News Highlights

1. Danube Properties’ Skyz – a Dh475 million residential project – could help investors make up to 40 percent premium in two years;

2. Property prices in Dubai could grow by 20 percent in two years, offering a 5 to 10 percent annual return on investment. In the last 6 months the property prices have gone up by 20 to 30 percent in many areas

3. With Skyz, Danube Properties’ development portfolio exceeds 7,000 units, with a combined development value exceeding Dh5 billion.

4. It has so far delivered 2,155 units with a combined sales value of Dh2.1 billion – nearly half of the entire portfolio value with plans of delivering Dh1.1 billion in 2021.

Danube Properties’ latest project, the Dh475 million Skyz provides an ideal investment opportunity for investors who want to benefit from the current low price and a higher premium in two years’ time when prices appreciate to a high level.

The company expects greater investor interest in the new project, which will be the focus of its marketing and sales campaign at the Cityscape Global exhibition that takes place at the Dubai Exhibition Centre within the Expo 2020 district from November 9 to 11, 2021.

With prices starting from Dh399,000 for a studio, Dh599,000 for a one-bedroom apartment and Dh799,000 for a two-bedroom flat, buyers can expect to receive the keys after paying half of the amount through a 1 percent monthly payment scheme – meaning they can start earning rents after paying only 50 percent of the property.

In other words, buyers can own the property with only 50 percent of the price – the rest 50 percent they can pay from the rental income! Buyers can approach Danube Properties sales team at their Stand No C61 at the Dubai Exhibition Centre in order to benefit from the opportunity.

“The Skyz Tower is an ideal property for end-users and investors who want a 2nd home in Dubai as prices of properties have started to appreciate due to higher investor demand,” Rizwan Sajan, Founder and Chairman of Danube Group, said.

“Buyers of the properties can expect to benefit from 20 percent premium if they sell the property after two years when we will hand over the building to the buyers. This translates to a straight 15 percent annual profit – making it a very high return on investment.”

Residential property prices in Dubai increased 4.4 per cent on average in the first eight months of the year, registering the highest annual growth since February 2015, according to real estate consultancy CB Richard Ellis (CBRE). Average apartment prices increased 2.5 per cent and average villa prices increased 17.9 per cent, CBRE said in its third quarter market report recently.

“But those shy away from investing – might miss the boat. Think of those who bought properties last year when the prices and market sentiment was the lowest in the middle of the pandemic – and made a killing by selling them at 30-40 percent premium earlier this year – a solid return in just six months,” Rizwan Sajan says.

“I urge the investors not to miss the boat this time. It is a golden opportunity – as property price now are still 36 percent lower than the previous peak of 2014. So, prices are still low and attractive. You may not make the same profit if you buy later.”

Average home prices are rising at the fastest pace since February 2015, with transaction volumes surging nearly 77 percent in August from a year earlier -- up over 56 percent when compared with the same period in 2019, before the pandemic hit, according to CBRE.

“The demand for new supplies and the demand for new homes will continue to rise. Therefore, it is the perfect time to buy a new home – to benefit from the surge in prices – in order to make good money either through re-sale or rent – that is expected to rise from 2023 onwards,” Sajan says.

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, recently launched Skyz Tower, a Mediterranean-themed high-rise residential tower with elegantly-designed apartments, retail outlets and recreational facilities with a development value exceeding Dh475 million.

The project will be developed at the Arjan master-planned community in Dubai, close to the Miracle Gardens, opposite to Motor City, Dubai Hills Estates and Dubai Hills Estate Mall with the easiest access to Mohammed Bin Zayed highway. The affordable homes come with Danube Properties’ trend-setting 1 percent payment plan that helps middle income tenants and end-users to easily acquire their dream homes.

The launch of the new residential tower comes a few days after land transaction value exceeded Dh100 billion mark in less than 9 months this year – as announced by Dubai Land Department – fuelled by strong investor interest in Dubai’s real estate.

Danube Properties has recently delivered Bayz and Miraclz, while its largest project Lawnz is currently being completed for delivery will take the number of delivered units to 4,281 with sales value exceeding Dh3.5 billion by the end of this year. This will help to reinforce Danube Properties’ reputation as one of the most successful developers in the UAE with the highest launch-to-delivery ratio.

Skyz will be developed at an 67,837.39 square feet plot of land at Arjan, close to the Miracle Garden with easy access to Mohammed Bin Zayed Highway. The tower overlooks Miracle Garden, Arabian Ranches and Motor city communities.

The concept was to create a new residential destination that celebrates Mediterranean living by maximising usable outdoor space through balconies, terraces, gardens, parks, and plazas. The tower is designed to allow maximum views and light into the scheme and creates a series of ‘external gardens’ distributed around the building linked by an informal route with an outdoor pool and recreation area at various levels

Skyz Tower provides holistic amenities

Retail Arcade

Games room

Kids play area

State-of-the-art health club

Outdoor gymnasium

Infinity pool

Lilly pool with water beds

Kids pool

Outdoor Jacuzzi

Viewing deck

Paddle tennis

Gazebo

Outdoor seating area

Water bodies

BBQ area

Jacuzzi lounge

Party hall with billiards room,

Business centre

Above all Sky Jogging Track.

Sky Jogging Track – a first in the region – is an elevated jogging track for occupants of Skyz Tower, that will help the residents to maintain a healthy lifestyle – in addition to the health club, gymnasium and swimming pool. This reflects Danube Properties’ focus on offering the best lifestyle to the home-owners, so that they can maintain a healthy life.

Danube Project Development Factsheet

Danube Projects	Residential Units	Sales Value	Status
Dreamz	171 Townhouses	Dh500 million	Delivered
Glitz Residence I	151 Units	Dh187million	Delivered
Glitz Residence II	151 Units	Dh188 million	Delivered
Glitz Residence III	358 Units	Dh350 million	Delivered
Starz Tower	454 Units	Dh300 million	Delivered
Glamz Residence	426 Units	Dh270 million	Delivered
Miraclz Tower	599 Units	Dh400 million	Delivered
Resortz Tower	444 Units	Dh300 million	Delivered
Bayz	463 Units	Dh450 million	Delivered
Jewelz	463 Units	Dh300 million	Under Construction
Lawnz	1,064 Units	Dh550 million	Ready for Handover
Elz	275 Units	Dh130 million	Ready for Handover
Mosque	One	Social Initiative	Under Construction
Wavez	434 Units	Dh200 million	Under Construction
Olivz	741 units	Dh400 million	Under Construction
Skyz	808 units	Dh475 million	Launched
Total 16 Projects	7,002 Units	Dh5 billion	Construction/ Delivery

Posted by: GoDubai PR Dept
Viewed: 5553 times
PR Category: Real Estate & Construction
Posted on: 9 Nov 2021 4:27:00 PM (GMT+4)

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