UAE - Riding on strong investor demand, Danube Properties, the UAE's fastest-growing private property developer, has launched Oceanz, a development valued at more than Dh2.5 billion, which, once completed in Dubai Maritime City, will offer uninterrupted views of the magnificent Arabian Gulf and an adjacent historic Shindagha Heritage Village, a new leisure and cruise tourism centre.
Upon completion in the first quarter of 2027, Oceanz will rise 51 storeys above ground level and include a six-storey podium with car parking and community facilities, including 44 floors of residential property providing 1,250 residential units, including studio, one, two and three bedroom flats, as well as a number of retail outlets.
Like most of the other developments in Danube, Ocean Sails' residences come with more than 40 community, wellness and lifestyle amenities, including a health club, infinity pool, sports courts, tennis courts, barbecue areas, jogging trails, on-call doctors, babysitters and more.
In terms of number of units and development value, Oceanz is the largest project announced by Danube Properties to date and the first on the Arabian Gulf coast to overlook a large stretch of water.
Due to its prime location, amenities and convenient living conditions, flats at Oceanz are set to appreciate in value over the coming years and generate higher rental income for homebuyers.
Oceanz is the 25th residential project launched by Danube Properties in nine years since it began its development activities in 2014, and the 10th project launched in the last 19 months - that's less than one project launched every two months - making Danube Properties the busiest and fastest-growing private property developer in the UAE.
"As the demand for housing continues to grow, we are committed to providing more supply to the market to meet the rising demand.The launch of Oceanz, our third project in three months, demonstrates our strong commitment to providing homebuyers with a wide range of residential choices and helps to rebalance the market, creating a win-win situation for all stakeholders," Danube Group Founder and Chairman Rizwan Sajan said.
Rizwan Sajan, Founder and Chairman of Danube Group, said, "Despite the economic downturn in some parts of the world, Dubai's real estate market has performed very well, outperforming almost all other real estate markets globally, thanks to Dubai's visionary and wise leadership.The residences at Oceanz have unlimited sea views, which are unparalleled in the market. Once completed, the area around Oceanz will rival the prestigious residential condominiums in Malibu or Miami, USA. In three years' time, Oceanz Dubai will rival some of the world's most sought-after coastal properties, with each flat being worth a completely different amount of money. That way, at the prices we are offering now, buyers can sell at double the price on delivery."
Prices start from Dh1.1 million for a studio flat, which is extremely attractive to homebuyers and investors who can benefit from continued price appreciation as demand grows in the property sector. Danube Properties' homes are also available with a trend-setting 1% monthly payment plan after an initial deposit, making them more affordable and attractive to homebuyers.
Danube Properties has a policy of launching one project at a time, selling out and then appointing a contractor to build the project before launching the next one.
In addition to launching projects and building them, Danube Properties will deliver three projects this year, including Wavez (delivered), Jewelz and Olivz. most of the projects launched in 2022 and 2023 are ahead of their construction and delivery schedules. The company recently sold out of Elitz 3, which was launched in August 2023.
Oceanz is Danube Properties' fifth project so far this year, featuring Italian interiors and luxury furnishings designed by Tonino Lamborghini Casa, with panoramic 360-degree views of the ocean every day.
The flats within Oceanz will be smart and sustainable homes with low energy consumption, in line with the UAE's commitment to sustainability.
Danube Properties is offering owners a 10-year Golden Visa, especially those who meet the investment criteria, subject to government approval.