Latest news with #Blueline
Deccan Herald
3 days ago
- Deccan Herald
PM Modi to inaugurate highway projects worth Rs 11,000 crore in Delhi on Sunday
The project comprises a 5.9 km-section, providing multi-modal connectivity to Yashobhoomi, DMRC Blue line and Orange line, the upcoming Bijwasan railway station and the Dwarka cluster bus depot
Khaleej Times
25-02-2025
- Business
- Khaleej Times
'Convert studio into 1BHK': Dubai developer introduces flexible unit designs
New flexible unit designs by Danube Properties allow owners to convert studios into one-bedroom apartments as Dubai developers seek innovative ways to attract customers in a highly competitive market. In Timez by Danube, located in Dubai Silicon Oasis, owners can transform one-bedroom units into two-bedroom apartments. Rizwan Sajan, founder and chairman of Danube Properties, said that they will introduce more of these convertible unit options in the new projects due to high demand. Such properties offer higher returns and rentals to buyers, who can register the studio as one bedroom and the 1BHK as a 2BHK. Prices start at Dh800,000 in the project, which is slated for handover in the third quarter of 2028. Timez by Danube will be the tallest tower in Silicon Oasis and will feature three clocks similar to Makkah Royal Clock Tower, becoming another landmark in the community. Danube plans to launch another 3-4 new projects mostly along the E11 corridor and deliver two projects six months ahead of schedule this year, according to Sajan. 'Last year, we delivered three projects around six months ahead of schedule. We have a new project coming up in Al Furjan and Sports City.' Dubai property market started on a very positive note as developers continued to launch aggressively to cash in on strong demand. Up to 30% cheaper Highlighting the importance of Dubai Silicon Oasis, Jumeirah Village Circle, Al Furjan and other communities along Sheikh Mohamed bin Zayed Road, the Danube chief said developers are flocking there as land prices are cheaper by up to 30 per cent compared to hotspots such as Business Bay and Downtown. In an interview with Khaleej Times, Rizwan Sajan, founder and chairman of Danube Properties, said prices are rising because land is becoming scarce in key locations as developments are taking place at an exceptional pace. 'Land is still available and affordable in Silicon Oasis and the E11 corridor. Land prices are cheaper there by 20-30 per cent as compared to Business Bay and Downtown. The biggest challenges for developers are finding a good contractor and completing projects on time. If you don't find a good contractor, your project will be delayed. There is so much work, and everyone is trying to grab it; therefore, some possibly face delay,' said Sajan. He added that Danube Properties has the advantage of being a building construction material and home furnishing company as sister concerns of property development arm, which ensures not just timely but ahead of schedule delivery. 'Plots in Business Bay, JBR are expensive, but there is a good appetite for projects in those areas as well,' he added. Demand has spiked in Dubai South and communities along the E11 and E611 corridors in the wake of the announcement of Dubai Metro's Blueline and the airport's relocation to Dubai South. 'Silicon Oasis provides significant capital appreciation and rental yields due to its anticipated connectivity through the Dubai Metro's Blue Line, which will serve as a game-changer for all communities along Sheikh Mohamed bin Zayed Road. Additionally, the relocation of Dubai International Airport to Al Maktoum Airport will further boost the area's appeal," he said. Customer is not challenge, but land and contractor Sajan said that finding good land and good contractors is the biggest challenge for developers in the UAE. 'Finding the customer is not a challenge, but finding land and a good contractor who will deliver because land is becoming scarce by the day,' he said. He elaborated that buyers are now coming from new markets and regions such as Colombia, Russia, Cambodia, Mexico and other markets in South America and Africa as well. Danube has also sold units to a lot of Bollywood celebrities, fascinated by the emirate's zero income tax, world-class infrastructure, quality education, high return on investment (RoI), lower property prices and world-class lifestyle.
