There is no oversupply in the market because if that was the case then our Skyz project would not have been successfully sold.

Even other developers who have launched projects have been able to sell well.

This is because of the huge increase in investor confidence in the UAE market, both local and overseas.

This is why they have been able to sell successfully no matter how much supply is available in the market.

Danube Properties recently launched the Dhs475 million Skyz project in Arjan.

The developer has already sold more than 50% of the project.

Sajan expects to sell about 70 percent of the project by the end of this month and 100 percent by the end of the year.

After the sale of Skyz this year, the developer will launch its next project in the first quarter of 2022.

Over the next few years, no developer should have to worry about selling the project, as demand is coming from all over the world.

As far as sales are concerned, there shouldn't be any problems and there won't be an oversupply because there are a lot of people from abroad who are investing here.

Instead of launching big projects, the developer is launching one or two buildings, which will not create an oversupply situation," said the founder of Danube.

Real estate prices in Dubai have been steadily recovering and are expected to grow by 20 percent in two years, providing an annual return on investment of 5 to 10 percent. In the last six months, prices have increased by 20 to 30 percent in certain areas.

If the property is sold in two years and Skyz is handed over to a buyer, the buyer of the property can expect to benefit from a 20% premium.

This translates directly into a 15% annual profit - making it a very high return on investment for those who are discouraged from investing and may be missing out on the opportunity.