Dubai’s Danube Properties announces launch of Dhs475m Skyz Tower

Dubai real estate developer Danube Properties has announced the launch of Skyz, a residential project with a development value of Dh475m.

Skyz will be developed at a land at Arjan, close to the Miracle Garden with the tower overlooking Miracle Garden, Arabian Ranches and Motor city communities.

Sales for the Skyz project will open at 9am on October 30. With Skyz, Danube Properties’ development portfolio exceeds 7,000 units, with a combined development value exceeding Dhs5bn. It has so far delivered 2,155 units with a combined sales value of Dh2.1bn with plans of delivering Dh1.1bn in 2021.

In March 2020, Danube had launched a new Dhs400m project, Olivz, in Al Warsan with 741 residential units.

Read: Danube launches affordable project in Dubai with prices starting from Dhs290,000

“The launch of Skyz Tower comes 18 months after we launched our last project, Olivz. Due to the sell-out of all of our previous projects, we were running out of stocks – since the beginning of the year,” said Rizwan Sajan, founder and chairman of Danube Group.

“The launch of the new project comes after a lot of thinking and due diligence – due to the pandemic. It is being launched at a time when we have seen an increase in demand for new homes.”

Three projects – the recently delivered Bayz and Miraclz as well as Lawnz which is currently being completed for delivery, will take the number of delivered units to 4,281 with sales value exceeding Dhs3.5bn by the end of this year, a statement said.

Skyz Tower provides amenities ranging from retail arcade, games room, kids play area, health club, outdoor gymnasium, infinity pool, outdoor jacuzzi, viewing deck, paddle tennis, gazebo, outdoor seating area, BBQ area, jacuzzi lounge, party hall with billiards room, business centre and a Sky jogging track.

Dubai’s real estate transactions in the first nine months of the year totaled 43,299, worth Dhs104.3bn.

Read: Dubai real estate transactions cross Dhs100bn mark during Jan-Sep this year

Also read: Exclusive: Dubai’s Danube chairman on why the UAE will see a V-shaped recovery from the Covid crisis