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Apartments in the tower of the Dubai Oceanz project are sold out immediately after delivery

Apartments in the tower of the Dubai Oceanz project are sold out immediately after delivery

20 September 2023

The apartments in the first tower of the Oceanz project with a total cost of 2.5 billion dirhams by Danube Properties were sold immediately after its commissioning, as Dubai continues to have a high demand for real estate from local residents and foreign investors. The tower accommodates more than 500 apartments.

“Real estate business is based on trust, which is based on the reliability of the developer. The sale of Oceanz apartments at the event dedicated to the commissioning of the first tower demonstrates the growing public and investor confidence in Danube Properties, supported by our recommendations on completed projects that allow buyers and investors to get additional savings from the purchase of our houses,” said Rizwan Sajan, founder and Chairman of the Danube Group.

When completed in the first quarter of 2027, the Oceanz Tower will rise 51 floors above ground, including a six-level foundation with parking and social facilities, as well as 44 floors of residential real estate. In addition, the company plans to rent 1,250 housing units, including studio apartments, 1-bedroom, 2- and 3-bedroom apartments and several shops.

A representative of Danube Properties said that three objects are planned to be commissioned this year, including Wavez (which has already been commissioned), Jewelz and Olivz. The construction of most of the facilities, which began in 2022 and 2023, is ahead of schedule. The company recently sold the Elitz 3 facility, the construction of which was started in August 2023.

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    ARAVANA Capital management
    20 September 2023
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