UAE-based Danube Properties has announced the launch of Olivz, a Dh400 million ($108 million) master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities located close to the International City, Dubai.
 
The project will be developed in Al Warsan First area close to the International City and Dragon Mart with the easiest access to Mohammed Bin Zayed Road.
 
The affordable homes come with Danube Properties’ trend-setting 1 percent payment plan that helps middle income tenants and end-users to easily acquire their dream homes.
 
Announcing the project, Founder and Chairman Rizwan Sajan said: "This marks the first real estate project launch of 2020 in the UAE and reflects Danube Properties’ confidence in the market that is witnessing a slow upturn as the countdown to the World Expo 2020 – that is expected to drive the demand for new homes – gains momentum."
 
Atif Rahman, Director and Partner of Danube Properties.
 
With Olivz, Danube Properties development portfolio grows to 6,194 units, with a combined development value exceeding Dh4.5 billion. It has so far delivered about 2,155 units, with a combined sales value of Dh2.1 billion – or nearly half of its portfolio value, he stated.
 
“The launch of Olivz reflects our growing confidence in Dubai’s real estate market, which never ceases to amaze investors. The launch is timed well to meet the needs of the growing number of end-users who are now more confident to buy their dream homes,” added Sajan.
 
Olivz will be developed at an 18,016 sq m plot of land at Al Warsan First, close to the International City with easy access to Mohammed Bin Zayed Highway. It has roads on both sides overlooking a public park and a mosque.
 
Each residential building will be uniquely positioned facing expansive landscaped gardens, with amenities such as swimming pool, jacuzzi, sunken seating surrounded by water bodies, water canal, play courts, kid’s play area and a BBQ area, providing residents an unparalleled lifestyle experience.
 
The community is facilitated with family-oriented leisure facilities along with gymnasium, health club, jogging track and a party hall with outdoor deck.
 
Atif Rahman, Director and Partner, said: "Olivz is another project which will reflect our commitment to design and deliver a happy community. Its driven with the intention of creating a superior lifestyle for the mid-market segment at extremely affordable prices."
 
" We have exerted immense efforts in ensuring that people will enjoy their life at Olivz once it is delivered. The location of the project is extremely attractive with super convenient entry and exit from Mohammed Bin Zayed Road without getting stuck in any kind of traffic bottleneck," he added.

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