Dubai – Mubasher: Danube Properties has announced that it sold 76% of the first phase of its AED 550 million Lawnz housing project within three days of the project’s launch.
The Dubai-based developer discouraged wholesalers, who seek to buy out blocks of apartments for re-selling, preferring to enable end-users to enjoy its attractive prices, according to a company statement.
“The huge response to Lawnz reflects the fact that there is no shortage of buyers for the right quality property to be built at the right location with the right pricing and the right payment plan,” chairman of Danube Group Rizwan Sajan commented.
Divided equally into two phases, Lawnz comprises 1,064 units and the first phase of which incorporates 515 residential units including studio, one-bedroom and two-bedroom hall apartments.
“Hundreds of property buyers lined up at our office to get appointments to buy the apartments,” Atif Rahman, director and partner of Danube Properties, said.
The construction of the project is planned to commence in the third quarter of 2018 and it is slated for completion in 2020, Danube Group’s unit revealed.
