Danube Properties Launches Rs 1800 Cr Elitz 3 Project in Dubai

Mumbai, August 07, 2023: Danube Properties, private real estate developer in the UAE, announced the launch of Elitz 3 at the Jumeirah Village Circle (JVC), with a development value exceeding Rs 1800 Crore. The project will be in the same area as Elitz and Elitz 2 towers – which are currently under construction. 

“Dubai’s real estate market continues to defy global economic slowdown due to its dynamism and attractiveness and we see sustained growth in the near future, which reinforces our firm belief in the market. This is what has encouraged us to launch Elitz 3 within just a month after launching Elitz 2 at the Jumeirah Village Circle (JVC). With Dubai becoming the global hub for the real estate market, Indians have been at the forefront of investing in the UAE market as Dubai has become their favourite destination for property investments.” Rizwan Sajan, Founder and Chairman of Danube Group, said. 

A press release issued by the company says that, on completion in the fourth quarter of 2026, the twin-tower project Elitz 3 will rise 40 and 46 floors high and deliver 750 residential units including studio apartments, 1-bedroom, 2-bedroom, and 3-bedroom apartments, and a few retail stores. Like most other Danube projects, homes at Elitz 3 also come with more than 40 community, health, and lifestyle amenities including a health club, swimming pools, sports arena, tennis court, barbecue area, and jogging track, among other facilities.

Prices of residential units start from Rs 1.57 crore/ Dh 699,000 (US$190,305) for a studio apartment.