Built to inform

Sign up for the daily newsletters

No, Thank you

Dubai's Danube turns developer with $136mn project

Building materials supplier launches Dreamz townhouses at Al Furjan

NEWS, Projects, Al Furjan, Danube, Danube Group, Dubai, Property development

Dubai-based building materials giant Danube Group has taken its first foray into the property development market with the launch of a $136mn residential project.

The Dreamz By Danube project will contain 175 three- and four-bed townhouses within the Al Furjan community.

The company said the townhouses will be between 2,500-3,000ft2 (232-279m2) in size and will start in price from $680,000 (AED2.5mn).

Construction of the properties will start soon and the project will complete in 2016.

Danube chairman and founder Rizwan Sajan said the launch of his new Danube Properties business came "following a careful study of the needs of the UAE’s property market".

“Being in the building material business, we will be able to offer the best prices and that value will be offered to the customer.

“The move is also a reflection of our firm commitment to the UAE market, where we are re-investing our hard-earned resources to help the real estate market expand further.”

The project was launched at Dubai's Grand Hyatt hotel earlier today at an event attended by Indian cricketer Sunil Gavaskar, who is an ambassador for the Danube brand.

 

Most popular

Awards

New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony

Conferences

Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019