Danube Properties launches Dh800 million Elitz 3 project in Jumeirah Village Circle

Danube Properties, the fast growing private real estate developer in the UAE, announced the launch of Elitz 3 at the Jumeirah Village Circle (JVC), with a development value exceeding Dh 800 million. 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 for quality homes.

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. Like most other Danube projects, homes at Elitz 3 also 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.

Elitz 3 is Danube Properties’ 24th residential project and the 9th project to be launched in the last 18 months.

With Elitz 3, Danube Properties’ project portfolio stands at 11,529 units spread across 24 projects with a combined development value exceeding Dh10 billion so far.

“Dubai’s real estate market continues to defy global economic slowdown due to its dynamism and attractiveness and we see sustained growth soon, 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 (JVC),” Rizwan Sajan, Founder, and Chairman of Danube Group, said.

Prices of residential units start from Dh699,000 (US$190,305) for a studio apartment. Danube Properties’ homes come with an attractive payment plan with a trend-setting 1 percent monthly payment plan, following the initial deposits.

In addition to launching projects and building them, Danube Properties will also deliver three projects this year including Wavez, Jewelz, and Olivz. Most of the projects launched in 2022 and 2023 are ahead of the construction and delivery schedule.