Dubai-based conglomerate Danube Group has announced its first foray into the UAE’s real estate sector with the launch of Danube Properties, a wholly-owned subsidiary of the country’s biggest building materials supplier.
Danube Properties also declared legendary Indian cricketer Sunil Gavaskar as its brand ambassador.
The new developer said it will offer “luxury living at affordable prices” and will focus on the mid-market real estate segment.
Danube Properties officially launched its AED500 million project – Dreamz – which will feature 175 luxury townhouses within Al Furjan community.
Construction of the project will start soon while the delivery is scheduled for 2016.
The 3 and 4-bedroom townhouses will have built-up area between 2,500 and 3,000 square feet with prices starting at AED2.5 million.
“The launch of Danube Properties comes following a careful study of the needs of the UAE’s property market where the combination of quality, affordability, developer’s commitment and timely delivery is a rarity,” said Rizwan Sajan, chairman of Danube Group.
“The move is also a reflection of our firm commitment to the UAE market, where we are re-investing our hard-earned resources to help the real estate market expand further.”
The launch of Danube Properties comes five years after the group rolled out its home furnishing retail chain Danube Home, the re-branded version of Danube Buildmart.
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