Danube Properties' Dubai residential project sees huge demand from Indian buyers

Danube Properties, a growing private real estate developer in the UAE, plans to invest over Rs 2000 crore to develop Elitz 2 at the Jumeirah Village Circle (JVC), Dubai.

Dubai property market has seen growing demand from Indian homebuyers in the past few quarters. Dubai, in particular, remains an attractive destination for investors and high-net-worth individuals (HNIs) from across the globe. And Indian investors top the list.


For the project's first phase, Danube Properties has witnessed investment with over 40% of buyers being Indians.

Rizwan Sajan, Founder and Chairman of Danube Group, said, “The launch of Elitz 2 is in response to the continued high demand for quality homes and comes within less than two months of launching of Fashionz project, which is nearly sold out. Most of our projects are handed over before promised delivery date – that reflects our strong commitment to home buyers and investors in line with our slogan - We launch, we deliver.”

Elitz-2, one of the largest residential project with 750 units, is seeing huge demand from Indian homebuyers. The project also boasts 40 amenities and a health club, swimming pools, sports arena, tennis court, barbecue area, and jogging track, among other facilities. Residential unit prices start from Dh650,000 (Rs 1.45 Crore) for a studio apartment.

Launched in 2022, Elitz 1 witnessed investment from over 40% of Indians. When completed in the third quarter of 2026, Elitz 2 will deliver 750 residential units, including studio apartments, 1-bedroom, 2-bedroom and 3-bedroom apartments and a few retail stores.

The project will have smart and sustainable homes that consume less energy and comply with green building standards that align with the UAE’s commitment to sustainability.

Danube Group is one of the largest home décor retailers in the GCC with a growing footprint across the region, including India, with three showrooms spread across Bengaluru and Hyderabad. The Group achieved a $1.3 billion (Dh5 billion) annual turnover in 2019.

Danube Properties also offers homeowners a 10-year Golden Visa – especially those who qualify as per the investment criteria – subject to government approval. The Dubai Land Department recently signed an agreement with Danube Properties to offer an Initial Sale Contract (Oqood) to property buyers almost instantly.

The company has launched and constructed 23 projects in the past nine years. It has launched eight projects in the last 16 months. It has sold out 22 of the 23 projects and delivered 12 of them, while the rest are currently under various stages of construction.