Danube Properties, the affordable housing division of Danube Group announced the launch of Olivz, a master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities with a development value exceeding Dh400 million.
The project will be developed in Al Warsan First area close to the International City and Dragon Mart with the easiest access to Mohammed Bin Zayed Road. 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.
This marks the first real estate project launch of 2020 in the UAE and reflects Danube Properties’ confidence in the market that is witnessing a slow upturn as the countdown to the World Expo 2020 – that is expected to drive the demand for new homes – gains momentum.
The launch of Olivz comes as a welcome surprise to the UAE’s real estate broker community, who now has a new project with 741 apartments to market and sell.
With Olivz, Danube Properties development portfolio grows to 6,194 units, with a combined development value exceeding Dh4.5 billion. It has so far delivered about 2,155 units, with a combined sales value of Dh2.1 billion – or nearly half of its portfolio value.
Each residential building will be uniquely positioned facing expansive landscaped gardens, with amenities such as swimming pool, jacuzzi, sunken seating surrounded by water bodies, water canal, play courts, kid’s play area, and a BBQ area, providing residents an unparalleled lifestyle experience. The community is facilitated with family-oriented leisure facilities along with gymnasium, health club, jogging track and a party hall with an outdoor deck.