Danube Properties’ Gemz, sold out at launch

GEMZ, a Dh350 million affordable ultra-luxury project by Danube Properties, has been sold out within a few hours on the first day of its commercial sales launch event held at Danube Properties head office on Sheikh Zayed Road, Dubai, UAE on Saturday, June 4, 2022.

According to a press release issued by the company, the project was snapped up by end-users and brokers.

“This demonstrates the buyers’ confidence in Danube Properties – as we continue to deliver promises to a growing number of UAE residents who are our biggest strength and inspiration,” Rizwan Sajan, Founder and Chairman of Danube Group, said. “This is our third project launched and sold out within eight months’ time – and reflects the positive market sentiment and the fact that more buyers are entering the property market”.

The 14-storeyed project will host 270 apartments, 24 are Studio, 74 are 1BHK, 114 are 2BHK and 42 are 3BHK apartments while 16 apartments are duplex and comes with 270 apartments loaded with 30 luxury amenities and Danube Properties’ 1 per cent monthly payment plan that makes it the best affordable luxury with prices starting from Dh550,000. 

Gemz by Danube will be developed in Al Furjan, located between Sheikh Zayed Road and Mohammed Bin Zayed Road.