Danube Properties has announced the launch of Pearlz, a mixed use project offering 1,000 residential units and a number of retail and recreational facilities with a development value exceeding Dh300 million.
The project will be developed in Al Furjan area close to Ibn Battuta Mall with the easiest access to Sheikh Zayed Road and 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.
Pearlz is the first real estate project to be launched in the UAE in 2022 – and the second project by Danube Properties to be launched within five months after launching the Dh475 million Skyz project in Arjan in October 2021.
With Pearlz, Danube Properties’ development portfolio now exceeds 8,000 units, with a combined development value exceeding Dh5.3 billion. It has so far delivered 4,556 units with a combined sales value of Dh3.63 billion – nearly two-thirds of the entire portfolio value.
“We launched our second residential project Pearlz within five months of launching Skyz in October last year. This demonstrates the return of investors in Dubai’s real estate market and our firm conviction on the strong rebound of Dubai’s real estate market from the pandemic,” Mr Rizwan Sajan, Founder and Chairman of Danube Group, says.
“The Dubai real estate market is looking up and the investor confidence is back, the government has eased all Covid-19 restrictions and PCR testing is no required to enter and exit Dubai which has made connectivity a breeze amongst its residents and investors alike,” Sajan said.
“This particular project is a bit different from the other projects and will have many luxurious elements in it including multiple amenities, the developer has been tight lipped about the same as the huge announcement will create ripples in the market.”
