Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Danube?s maiden project sold out  Join our daily free Newsletter

MENAFN - Khaleej Times - 01/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Danube properties has sold out its maiden project during a day-long sales campaign held on tuesday that reflects strong investors? interest in the dubai property marke

investors wait in a queue to collect tokens at danube properties commercial sales launch on tuesday evening. — supplied photoIt was first property project of danube which recently celebrated its 20th anniversary. all of the 171 townhouses within dreamz by danube project were sold on the first day of commercial launch of dh500 million project.The sales meet saw more than 1000 registered buyers and investors queue up to lay their hands on the ‘prized possessions’ — townhouses that was offered on first-come-first-serve basis. equipped with tight security and good crowd management measures the event saw a disciplined sale process.This is the first full project sell-out on a single-day sales campaign by a private developer in nearly six years since september 2008 – the month the region’s real estate market fell victim to the global financial crisis.“this is a great moment not only for danube properties but also for the entire real estate fraternity of the uae and reflects strong investor and end-user confidence” rizwan sajan chairman of danube group and danube properties said. “this is also a testimony that if you have the right product right location right pricing and the right developer brand behind the project then the there won’t be shortage of buyers” sajan added. the announcement comes within less than two weeks after danube group launched its real estate subsidiary danube properties. the launch price of dh2.5 million for a 2500 square feet townhouse reflects an attractive price point for just around dh1000 per square feet that instantly offers great prospect for a sizeable premium for resale at the greater al furjan neighbourhood.The near stampede sell-out event took place despite a slowdown dubai’s residential sales market to more moderate growth levels in the first quarter of 2014 following a spike in prices after the expo 2020 announcement at the end of 2013. “apartment and villa price sales prices stabilised at three per cent and six per cent growth respectively” said the latest dubai report for q1 2014 by leading regional real estate services firm asteco. villa sales price gains were led by moderately priced developments such as al furjan and jumeirah village recording 22 per cent and 15 per cent in the first quarter growth respectively with prices per square foot ranging from dh1000 to dh1200 and dh850 to dh1100 it said.Size of the 3 and 4-bedroom townhouses will have built-up area beween 2500 and 3000 square feet while each townhouse will come with a garden that will accompany water features. the modern luxury townhouses come with contemporary design latest finishing from the country’s best building materials and interior supplier that guarantee quality finishing.Both real estate buyers and investors were prompt in snapping up the townhouses. “our overall product offering creates a great opportunity for both end-users and investors who could reap good dividends within a few months as we prepare to construct the project” sajan said.Danube group the largest building materials and home furnishing supplier in the gulf earlier this month announced its foray into the real estate market with a dh500 million project — dreamz — a lush green and well-landscaped neighbourhood of 171 luxury townhouses within al furjan community.“this is our first project and the sell-out of all of the 171 townhouses reflect investor confidence in danube properties as well as the real estate market in dubai. this end-user and investor endorsement will encourage us to carry out our construction works and deliver the project timely to our valued customers by 2016 and also launch more such projects in the coming years” sajan said. — abdulbasit?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Dec 21 2014 - UAE's Hakkasan acquires USD36m The Light GroupMENAFN
(MENAFN) Hakkasan Group, the hospitality and entertainment company owned by Abu Dhabi-based Tasameem Real Estate, announced it has acquired The Light Group from Morgans Hotel Group (MHG), Arabian ...

 Dec 21 2014 - UAE's Hakkasan acquires USD36m The Light GroupMENAFN
(MENAFN) Hakkasan Group, the hospitality and entertainment company owned by Abu Dhabi-based Tasameem Real Estate, announced it has acquired The Light Group from Morgans Hotel Group (MHG), Arabian ...

 Dec 21 2014 - Omani OPWP awards Singaporean firm USD250m water projectMENAFN
(MENAFN) Oman's state-owned Oman Power and Water Procurement Company (OPWP) announced it has awarded a consortium led by the Singaporean Hyflux Ltd and National Power and Water Co a USD250 million ...

 Dec 21 2014 - Oman's SGRF boosts acquisition of local assetsMENAFN
(MENAFN) Oman's State General Reserve Fund (SGRF) announced it has boosted its buying of assets in the local market, particularly shares, due to the massive drop in the prices as the result of the ...

 Dec 21 2014 - Oman's Napco revenue hits USD34.95m in 9MMENAFN
(MENAFN) Oman's National Aluminum Products Company (Napco) announced it has registered a net profit of over OMR USD1.25 million as well as revenues totaling to USD34.95 million during the ...

 Dec 21 2014 - Dubai's Nakheel to restart USD550m Vietnam projectMENAFN
(MENAFN) Nakheel, the Dubai property developer, announced that it will propose a plan to restart a delayed project in Vietnam's northern province of Quang Ninh, which has an estimated value of USD550 ...

 Dec 21 2014 - Etihad Cargo records tonnage high in NovemberMENAFN
(MENAFN) Etihad Cargo, the freight division of UAE flag carrier Etihad Airways, announced it has carried 53.292 tons of cargo in November across its global network, thus achieving an all-time record ...

 Dec 21 2014 - Cold weather forecastJordan News Agency
(MENAFN - Jordan News Agency) The weather is expected to be relatively cold in most parts of the Kingdom and fair in the Jordan valley and Aqaba.Clouds will build up during the evening increasing ...

 Dec 21 2014 - Israeli warplanes bomb southern Gaza StripJordan News Agency
(MENAFN - Jordan News Agency)  Israeli warplanes bombed dawn Saturday, east of Khan Younis in the southern of Gaza Strip.This attack is the first since the end of the Israeli aggression on the Gaza ...

 Dec 21 2014 - Egypt to reopen Rafah crossing: OfficialJordan News Agency
(MENAFN - Jordan News Agency)   Egypt will reopen the Rafah border crossing point with the Gaza Strip during the next two days for traffic heading in both directions.The head of the Palestinian ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help