Danube Properties, one of the leading Dubai-based real estate development companies, announced that it has sold all of the units of the first phase of Lawnz, its newest project in Dubai, within less than a month and a half of the project’s launch.
In his comment on the announcement, Rizwan Sajan, founder and chairman of Danube Properties said that the success of Lawnz’s first phase sales in summer months which is considered an inactive season for the real estate business reflects how the investors trust Danube Properties and how promising Lawnz project is.
Sajan added that there are always willing investors if the available properties are offered at the right time, the right location and with the right price.
Situated in the International City, Lawnz is a $150m master development that comprises more than 1,000 high-end residential units to increase the company’s portfolio’s components to more than 4,740 units.
In addition to the residential units, Lawnz will also house high-end amenities including a swimming pool, a health club, a promenade, a jogging track and a cinema.
It is also worth mentioning that Danube could successfully sell around 75% of the units of the first phase of Lawnz within three days only from its launch date back near the end of June 2018.