One of the two towers at Danube Properties' latest Dh2.5 billion project, Oceanz, has sold out at launch as demand for Dubai property remains strong from both residents and foreign investors.

The tower has more than 500 units.

The real estate business is based on trust, which is tied to the reputation of the property developer. Rizwan Sajan, Founder and Chairman of Danube Group, said the sell-out of Oceanz units at the launch demonstrated the growing public trust and investor confidence in Danube Properties.

"This is due to our customer-centric development and delivery policy. We launch, sell out, develop and deliver projects on time and on quality. To date, we have delivered half of our projects and customers are still paying monthly instalments while saving on rent," he added.

Property buyers and investors can count on higher rental returns and benefit from price appreciation due to the ideal location of Sino-Ocean Residence-DMC, the Danube chairman said.

Upon completion in the first quarter of 2027, Ocean Grande will rise 51 storeys above ground level and will include a six-storey podium with car parking and community facilities, 44 storeys of which will be residential properties offering 1,250 residential units, including studio, one, two and three bedroom flats, as well as a number of retail outlets.

Danube Properties said it will deliver three projects this year, including Wavez (already delivered), Jewelz and Olivz. most of the projects launched in 2022 and 2023 are ahead of their construction and delivery schedules. The Elitz 3 project, which was launched in August 2023, was recently sold out, the company said.