Photos: Supplied
As competition intensifies among Dubai developers to introduce new amenities, private developer Danube Properties has launched a shuttle bus service to the metro station for residents and tenants of Gemz, which was completed five months ahead of schedule. Danube Properties is the first private developer to provide a shuttle bus service to its residents.
"In Gemz, we have included a free metro shuttle bus for residents as part of our amenities. It is a 15-minute walk from the metro to Gemz, so we decided to introduce this facility to residents and tenants. Every half an hour, a bus will shuttle between Gemz and the metro to transport people," said Rizwan Sajan, founder and chairman of Danube Properties.
Danube Properties, the fastest-growing property developer in Dubai, continued its tradition of delivering projects ahead of schedule by handing over Gemz by Danube five months early. Launched in June 2022, the Dh350-million project was fully sold out within hours of its launch. The handover ceremony last week was attended by Mohamed Al-Bidwawi, CEO of Real Estate Regulatory Authority (Rera), senior officials of Danube Group, industry executives, and residents.
The Dubai-based developer has consistently delivered projects ahead of schedule. "Our next projects, Opalz and Petalz, will also be delivered ahead of schedule. This is because we manage to sell the project faster, choose a reputable contractor, and our subsidiary Danube Building Materials supplies the material on priority. For contractors, the biggest issue is concrete, steel, and other finishing materials. But we are able to provide them material on time," he said, noting that construction costs have risen by 25% in the past year.
Danube Properties, one of the largest private developers in Dubai, has launched around 20,000 units so far, successfully delivering 10,000 to buyers. Demand for properties from buyers and tenants in Furjan is very high due to metro connectivity. Residents can access everything available in Karama and Bur Dubai, such as schools, hospitals, restaurants, and supermarkets.
Highlighting the growing demand in Furjan areas, Rizwan elaborated that rentals for one-bedroom and three-bedroom units in Gemz are around Dh85,000 and Dh165,000. "We have never heard of this kind of rental in Al Furjan. These are (equivalent to) Dubai Marina rentals. People are willing to pay rent for Danube Properties because of the amenities we offer. Moreover, tenants get a fully furnished apartment, which gives 10-12% more rentals compared to other apartments," he said.
Additionally, the relocation of the airport to Dubai South over the next 10 years has shifted the focus of investors and developers towards areas like Furjan, Al Marjan, JVC, and other communities along Sheikh Mohammed bin Zayed Road and Emirates Road.
Source link: https://www.khaleejtimes.com
