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Danube Properties launches Dh400 million Olivz, the first project announcement in Dubai in 2020
Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has launched 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.
The announcement was made at a packed press conference attended by the largest contingent of media and cheering crowd by Mr Rizwan Sajan, Founder and Chairman of Danube Group, and Mr Atif Rahman, Director and Partner of Danube Properties.
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.
“The launch of Olivz reflects our growing confidence in Dubai’s real estate market, which never ceases to amaze investors. The launch is timed well to meet the needs of the growing number of end-users who are now more confident to buy their dream homes,” Rizwan Sajan, Founder and Chairman of Danube Group, said.
“We have seen demand picking up in the last few months as we sold out all our previous projects – that necessitated the launch of Oilvz. With World Expo 2020 around the corner, we see an uptake in housing demand and the launch of Olivz is well timed to meet the demand.
“Olivz also gives Dubai’s real estate brokers a good number of inventories to promote and sell, and we are happy to see them requesting advance booking of units.”
Olivz will be developed at an 18,016 square meter plot of land at Al Warsan First, close to the International City with easy access to Mohammed Bin Zayed Highway. It has roads on both sides overlooking a public park and a mosque.
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 outdoor deck.
Atif Rahman, Director and Partner of Danube Properties, says, “Olivz is another project which will reflect our commitment to design and deliver a happy community. Its driven with the intention of creating a superior lifestyle for the mid-market segment at extremely affordable prices. We have exerted immense efforts in ensuring that people will enjoy their life at Olivz once it is delivered. The location of the project is extremely attractive with super convenient entry and exit from Mohammed Bin Zayed Road without getting stuck in any kind of traffic bottleneck.
Today, Dubai is one of the finest real estate industries when compared globally backed by stringent regulatory controls and premium infrastructure. As a builder, I find more confidence in Dubai Real Estate than most of the other countries and the launch of the project is an evidence of that confidence. This is the best time for property buyers as they will never be able to get such attractive price points as the outlook of the real estate market remains bullish for the future.
“The launch of Olivz comes after we sold out the last two projects launched in 2019 – Elz and Wavez – as well as the delivery of two stellar projects Starz and Resortz.
“Our design vision for the project is to create a vibrant development, stitching the development into the fabric of the city and embedding it into the community. The community comes with some world class amenities, which you would generally associate with luxurious projects. Coupled with this, the apartments have been designed keeping end users in mind to ensure maximum utilization of space.
“The community also comes with plenty of outdoor space full of Sports facilities and Leisure activities.”