UAE-based Danube Properties has announced that it has sold out Elitz, a key residential project being set up at an investment of AED550 million ($150 million) in Jumeirah Village Circle, on the day of launch.

A twin-tower project to be developed on a 36,930 sq ft plot, Elitz will feature a total of 268 studios, 203 one-bed, 65 two-bed and 13 three-bedroom flats and four duplexes.

With a built-up area of 695,000 sq ft, Elitz stands connected to a podium complex that houses a car parking, community facilities as well as 284 retail units. It is due for handover in the fourth quarter of 2025.

Speaking at the launch, Founder and Chairman Rizwan Sajan said the project was snapped up by the investors, buyers and brokers on the opening day, thus reflecting the strong buyer interest.

A key attraction was that buyers booking on the first day of the project launch, will get a fully furnished apartment, he stated, adding that prices of a studio apartment starts at AED599,000.

"For Danube, 2022 is going to be a record year when it launched six sold out projects–consecutively, thus reflecting the buoyancy in the market and strong investor interest in quality homes," he noted.

"As we close 2022, we look forward to a new year with renewed hope of delivering some more landmark projects while delivering the under-construction projects to take the real estate market to the next level," stated Sajan at the ceremony which was attended by Ankit Tiwari, an Indian playback singer, music director and composer.

Tiwari has become the latest Bollywood celebrity to join the bandwagon of celebrities including Kiku Sharda, Meet Brothers, Karan Kundra and Tejaswini Prakash who have found their 'dream home' in Danube projects, he added.

Strategically located, Elitz will provide have easy access to Mohammed bin Zayed Road and Al Khail Road. The project comes with more than 30 amenities and Danube's benchmark facilities penthouses and common-use facilities.

Danube said it will be surrounded by ample community facilities such as schools, hospitals, retail outlets, convenient stores, parks as well as business and recreational facilities including shopping malls, office towers and hotels. It also has great connectivity to Dubai International Airport and Al Maktoum International Airport.

"It also introduces the home-office solutions in two-bedroom apartments where families can convert a part of the open space into co-working facility to manage work from home which is becoming the trend following the Covid-19 pandemic," explained Sajan.

"Most companies now allow professionals to work from home that saves time, reduces traffic on the street and increases productivity. Moreover, it offers a better work-life balance," he noted.

Apart from presenting ultimate luxury and convenience for life through a multitude of features and amenities, all apartments in Elitz are smart homes – owners will have access to home appliances through a smart home system.

The project boasts energy-efficient automatic lights, water conservation system, environmentally friendly /eco-friendly and the most futuristic building with contemporary design and LED lighting façade, he added.

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