Dubai-based developer, Danube Properties, launched its 11th project AED550mn Lawnz at the International City, comprising 1,064 units.
Construction of the project is expected to start in 2018 with completion in 2020. Lawnz is Danube Properties first project at the International City and its first gated complex.
Rizwan Sajan, founder chairman of Danube Group, said: This is our biggest project so far that will add 1,064 units to our existing portfolio and we are all excited to launch the project at the International City that has a very vibrant community. This is our second project launch this year and comes after three months of the launch of the AED300mn Jewelz that adds 463 units offering more than 15% return on investment, which has been a runaway success in terms of sale.
The launch of such a large project at such a crucial time reflects our confidence in Dubais real estate market which will continue to grow due to the attractiveness of Dubai and the UAE as a major investment destination.
The project offers 1,064 residential units, ranging from studio, one- and two-bedroom apartments. The project is conveniently located at the International City Phase 1. The amenities include a massive 3.8 acres promenade which offers canal, sunken pPlaza, a fully equipped health club, swimming pool, steam and sauna room, multi-purpose hall, jogging track, barbecue deck, badminton court, multi-purpose court and a high tech surveillance system for the protection and security of the residents. The property also comes with a 42m wide entrance and outdoor cinema.
Among the residential units, 50% of the units are studio apartments while 40% are one-bedroom apartments and 10% are two-bedroom apartments.
The project dedicates 50% space to open areas with an emphasis on greenery and landscapes.
Atif Rahman, director and partner of Danube Properties, said: Apartments at Lawnz have been priced keeping the end-users in mind and their comfort level. The units come with the most unique and unseen design of living space. In addition to the projects location and the five-star facilities, Danubes industry-leading 1% per month payment scheme will ensure a faster sell-out of the properties. Lawnz will attract a large number of new home buyers who were earlier unable to own their home due to price constraint.
Because of our volume, value engineering, and design efficiency, we were able to offer luxury at an affordable price. However, the monthly payment has empowered the buyers and has encouraged the middle-income families to put their life savings in our properties. In this way, we are hopeful of attracting new home buyers who were deprived of the opportunity of owning their own home until now.
Danube has delivered 831 properties so far including the handover of 302 units within Glitz Residences 1 and 2 and 358 in Glitz Residences 3 as well as 171 townhouses at Dreamz project till March 2018. It will deliver a further 870 units later this year.