Danube Properties launches Rs 1,800-cr Elitz 3 project in Dubai

Danube Properties has announced the launch of Elitz 3 at the Jumeirah Village Circle (JVC), with a development value exceeding Rs 1,800 crore. The project will be in the same area as Elitz and Elitz 2 towers - which are currently under construction at the JVC - and help meet the growing demand from Indians for quality homes. Danube Properties is also witnessing an increased number of Indians opting for the famous 1% plan, where the monthly payment is set at just one percent per month while the balance payment is collected after the building is ready. Elitz 2 has witnessed over 42% of Indians investing in the project and 100 % of them opting for the one percent plan.

“Dubai's real estate market continues to defy global economic slowdown due to its dynamism and attractiveness and we see sustained growth in the near future, which reinforces our firm belief in the market. This is what has encouraged us to launch Elitz 3 within just a month after launching Elitz 2 at the Jumeirah Village Circle. With Dubai becoming the global hub for the real estate market, Indians have been at the forefront of investing in the UAE market as Dubai has become their favourite destination for property investments.” Rizwan Sajan, Founder and Chairman of Danube Group, said.

When completed in the fourth quarter of 2026, the twin-tower project Elitz 3 will rise 40 and 46 floors high and deliver 750 residential units including studio apartments, 1-bedroom, 2-bedroom, and 3-bedroom apartments, and a few retail stores. Homes at Elitz 3 come with more than 40 community, health, and lifestyle amenities including a health club, swimming pools, sports arena, tennis court, barbecue area, and jogging track, among other facilities, according to the company.

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