Gulf Construction Online - Danube unveils $108m mixed-use project

Real Estate

Olivz ... Danube’s Dh400-million ($108 million) master-planned cluster.

Danube unveils $108m mixed-use project

01 April 2020

UAE-based Danube Properties has announced the launch of Olivz, a Dh400-million ($108 million) masterplanned cluster of buildings offering 741 residential units and a number of retail and recreational facilities located close to the International City, Dubai.

Olivz will be developed on 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.

The affordable homes come with Danube Properties’ trend-setting one per cent payment plan that helps middle-income tenants and end-users to easily acquire their dream homes.

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, according to the developer.

“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,” says Rizwan Sajan, Founder and Chairman.

Each residential building will face expansive landscaped gardens, with amenities such as swimming pool, jacuzzi, sunken seating surrounded by water bodies, water canal, play courts, kids’ play area and a barbecue area.

The community has access to family-oriented leisure facilities along with gymnasium, health club, jogging track and a party hall with outdoor deck.

Atif Rahman, Director and Partner, says: “Olivz is another project which will reflect our commitment to design and deliver a happy community. It is driven with the intention of creating a superior lifestyle for the mid-market segment at extremely affordable prices.”