Launched by Danube Real Estate in Dubai Science Park
A real estate project in Dubai worth 525 million dirhams sold in 60 seconds
Danube Properties, the leading affordable housing company in the UAE, reported that its latest project, "Opales", a two-tower housing project with a real estate value of more than 525 million dirhams, was sold on the first day of its launch due to strong demand for real estate.
With Opals, Danube Properties currently has a development portfolio of more than 8,847 units with total sales of over AED 6.17 billion.
To date, it has delivered 4,556 units with total sales of 3.63 billion dirhams, or more than half the value of the entire portfolio.
"With the news of (Opalz) reaching the market, investors, end-users and brokers have been waiting to book apartments in the new project for some time," Rizwan Sajan, founder and chairman of Danube Group, said at a conference at Danube Properties' headquarters in Dubai.
He added: “End-users, investors and brokers have been queuing up to buy Opals since sales began earlier today. As a result, the entire project has been sold out. In current market conditions, sales at launch reflect the confidence our customers have placed in us and their ability to deliver luxury homes on time at affordable prices. Affordable, quality and 1% monthly payment plans.
Indian comedian Kiko Sharda opened the Opals launch party.
Kiko Sharda is one of the many Bollywood celebrities who are investing in residential properties at Danube Properties.
The 800,000-square-foot Opals will be developed on a 66,985-square-foot (6,223.11-square-meter) plot of land in Dubai Science Park opposite Dubai Hills Estate.
Featuring two 19-storey towers, connected by a podium at the bottom and a flyover at the top, it features a penthouse and amenities.
When completed in 2025, Opals will offer 575 residential units, including 261 studios, 206 one-bedrooms, 69 two-bedrooms, 18 apartments and four penthouses.
Opals is the 18th real estate project launched by Danube Properties within eight years after launching its first project in 2014. So far, it has delivered 13 of its 17 previous editions.
“Moreover, recent government policies, such as golden visa and 100% foreign ownership, have increased the upside of the city’s real estate market and entrepreneurs interested in starting a business here,” said Rizvan Sajan.
He continued, “The launch of Opals comes at a time when the demand for affordable housing is very strong. This is our fourth project to launch in a year - three of which were sold out quickly after launch.
” As a developer, we have successfully delivered 13 projects so far to meet the needs of Customers on time with quality that exceeds owners expectations.
Construction on two projects is in full swing and we recently announced the appointment of contractors for two projects - this reflects our strong and unwavering commitment to delivering projects on time.
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