Developer’s 11th project is its first gated complex
Danube Properties has announced Lawnz, a $150m gated residentialcomplex consisting of 1,064 units. The new project will be built in International City Phase 1 in Dubai and will bring the developer’s total number of units in the city to 4,744.
Construction work on the project is expected to begin this year and the developer says it aims to handover the residential development in 2020. Lawnz is the developer’s first gated complex and first project in International City.
“This is our largest project to date and will add 1,064 units to our existing portfolio. We are all excited to launch the project at International City, which has a very vibrant community. This is our second project launch this year and comes three months after the launch of the $81.6m Jewelz that added 463 units and offered more than 15% return on investment, which has been a runaway success in terms of sales,” said Rizwan Sajan, founder and chairman of Danube Group.
Lawnz will offer studio (50%), one- (40%) and two-bedroom (10%) apartments. In terms of amenities, the developer says it will have a 3.8-acre promenade with a sunken plaza, health club, swimming pool and other amenities. Danube says the property will boast a 42m wide entrance and an outdoor cinema.
“The launch of such a large project at such a crucial time reflects our confidence in Dubai’s real estate market, which will continue to grow due to the attractiveness of Dubai and the UAE as a major investment destination,” Sajan added.
According to Danube Properties, the building design and architectural aesthetic was created ‘to reinforce the design strategy of Danube, which helps maximise the living space while delivering convenience of community living’. The project is said to dedicate 50% of its space to open areas with an emphasis on greenery and landscapes.
Atif Rahman, director and partner at Danube Properties, remarked,“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 project’s location and the five-star facilities, Danube’s 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.”