Danube launches $149m Lawnz in Dubai's International City
$149m (AED550m) residential project to be the developer's 11th development in Dubai
Danube Properties has launched a $149m (AED550m) residential project called Lawnz in Dubai International City.
It is the developer's 11th project to date and brings the value of the firm's portfolio of more than 4,700 units to over $1bn (AED3.6bn).
Lawnz features 1,064 units and is the developer's first-ever gated community project, as well as its first development in International City.
Atif Rahman, director and partner at Danube Properties said the development has been created to target "new home buyers".
Residential units within the complex range from studios to one- and two-bedroom apartments.
Of the total number of homes, 50% of the units are studio, 40% are one-bedroom houses, and 10% are two-bedroom apartments.
Amenities include a 15,000m² promenade, health club, swimming pool, steam and sauna rooms, running track, barbecue stations, badminton court, an outdoor cinema, and CCTV.
"This is our biggest project so far, and we are all excited to launch the project at the International City that has a very vibrant community," said the founder and chairman of Danube Group, Rizwan Sajan.
"This is our second project launch this year, and comes after three months after the launch of Jewelz, which adds 463 units offering more than a 15% return on investment, which has been a runaway success in terms of sale.
"The launch of such a large project at such a crucial time reflects our confidence in Dubai’s real estate market, which will continue to grow due to the attractiveness of Dubai and the UAE as major investment destinations."