Dubai’s Danube launches Dhs 300m affordable housing project

Dubai real estate developer Danube Properties has launched its sixth project targeting the emirate’s affordable housing segment.

The Dhs 300m Glamz Residence in the Al Furjan area near Discovery Gardens, comprises 418 studio, one- and two-bedroom apartments.

Each is fitted with a modular kitchen, bathrooms fittings, furniture and a convertible sofa that transforms into a bed.

The site itself will include landscaped gardens, a kids play area, jogging track, paddle tennis court, paddle badminton court, barbecue deck, a health club and a swimming pool.

“We are delighted to announce the launch of Glamz Residence with an aim to encourage people to ‘stop renting and start owning’,” said Danube group founder and chairman Rizwan Sajan.

The project is scheduled for completion in September 2018 and will be offered under a monthly payment plan.

Danube said its first project Dreamz was on schedule for delivery and its others, Glitz 1, 2 and 3 and Starz, are four-to-five months ahead of schedule.

Last month the company announced it had awarded a Dhs 185m contract to Naresco for the Glitz 3 development in Studio City.