Danube Properties, the UAE-based real estate development giant, announced that it has successfully sold more than 75% of the units offered as a part of the first phase of Lawnz, its newest master development, within three days.
In his comment on the announcement, Rizwan Sajan, founder and chairman of Danube Group said that the massive immediate response that Lawnz received is a proof of the fact that there is no shortage in the market demand and ability to purchase properties given that they are of high quality, built at the right location and offered at the right price.
A $150m master development situated within Dubai International City, Lawnz comprises more than 1,000 residential units including studio apartments, one-bedroom apartments and two bedroom apartments, in addition to a number of high-end luxurious amenities including a sunken plaza, a canal, and a swimming pool.
The recently-launched first phase of the project consists of 515 residential units, with prices that start from Dh290,000 for studio apartments, Dh499,000 for one-bedroom apartments, and Dh699,000 for two-bedroom apartments.
Lawnz project is Danube’s 11th development and it increases the company’s total developed units’ portfolio to be 4,744 units. The construction of the first phase will start within the third quarter of 2018 and the project is due for completion in 2020.