Dubai-based Danube Properties has launched Elitz 3, an AED800 million ($217.8 million) twin-tower residential project in Jumeirah Village Circle (JVC).

The two 40-storey and 46-storey towers will house 750 residential units, the developer said in a statement, adding that the project is expected to be completed by the fourth quarter of 2026.

Elitz 3 is Danube's 24th residential project and the ninth to be launched in the last 18 months.

The developer's portfolio comprises 11,529 units with a total development value of more than Dh10 billion.

Rizwan Sajan, Founder and Chairman of Danube Group, said: Our confidence in Dubai's property market, which with its dynamism and attractiveness continues to withstand the effects of the global economic slowdown, is reinforced by the fact that we see sustained growth in Dubai's property market soon.

Rizwan Sajan, Founder and Chairman of Danube Group, said: JVC's Elitz and Elitz 2 towers are currently under construction.

Danube Group will deliver three more projects this year, including Wavez, Jewelz and Olivz.

To date, Danube has delivered 4,555 units with total sales of Dh3.63 billion.