Dubai-based private developer Danube Properties has announced that its latest project, Elitz, has sold out at launch, demonstrating strong demand for affordable housing in the emirate.
The project, which will be located on a 36,930 square foot plot at Jumeirah Village Circle and have a built-up area of 695,000 square feet, will consist of 203 one-BR apartments, 65 two-BR flats, 13 three-BR flats, 268 studios, and four duplexes.
The twin towers will be connected by a podium complex featuring car parking, community facilities, and 284 retail units, and is set to be handed over in the fourth quarter of 2025.
The project was purchased by investors, buyers, and brokers, and Danube Properties’ founder and chairman, Rizwan Sajan, stated that the company’s success in selling out six consecutive projects this year reflects the strong investor interest in quality homes and the resilience of the real estate market in Dubai.
The developer has also introduced home-office solutions in its two-bedroom apartments to accommodate the trend of remote work following the COVID-19 pandemic.