Page 62 - Magazine December 2021

Properties
Danube Properties to roll out projects worth
$272m over next five years
Dubai developer Danube Properties plans to “This is my plan. I am not rushing ... in spite of me
launch two to three projects every year through selling projects so fast.”
to 2026, worth as much as Dh1 billion ($272 The company launched Skyz, a Dh475m
million), with the aim of bridging supply gaps residential project, in Dubai last month and plans
in the emirate›s cheaper housing segment, its to launch its next project worth between Dh300m
founder and chairman said. and Dh400m in the first quarter of 2022, he said.
Danube may increase the value of investments “We are working on [details] of areas where we
to as much as Dh1.4bn if the market continues have plots; it could be Arjan, it could be Furjan or
its rapid recovery from the coronavirus-induced Warsan areas [of Dubai],» he said.
slowdown, Rizwan Sajan told The National in an Danube Properties, which has a portfolio worth
interview. Dh5bn in Dubai, is bullish about business
“I will be launching, on an average, Dh1bn prospects in Abu Dhabi and is actively looking at
projects every year – Dh800m to Dh1bn,” said plots of lands in the capital for future projects.
Mr Sajan, whose interests span the property The developer is also open to joint ventures with
development, building materials and home decor landowners to export its “affordable luxury”
businesses. brand to the emirate, Mr Sajan said.
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Contractors News
Aldar launches final residential community
at Yas Acres
Aldar Properties has launched its final residential Once Dahlias is completed, residents will enjoy
community at its Yas Acres flagship development access to a school, mosques, ample green spaces
on Yas Island in Abu Dhabi. Dahlias will feature and community pools, while world class leisure,
120 villas, duplexes and townhouses and notes the entertainment and shopping destinations will be
launch follows the strong demand for each phase of available on their Yas Island doorstep, a statement
Yas Acres. from Aldar Properties said.
According to a statement, the project will feature Yas Acres has become one of the most in-demand
a range of two-bedroom townhouses, three- and communities across Abu Dhabi, with current
four-bedroom duplexes, and four-, five- and six- occupancy rates for the existing community standing
bedroom villas. Construction of Dahlias is due to at 95%, stated Omaira.
begin in Q2, 2022 with handovers expected to He concluded, “As with the previous phases, the
commence in Q3, 2024. homes at Dahlias have also been designed to exceed
“Yas Island undoubtedly remains one of the most or meet the latest sustainability standards set in
sought-after destinations to live in Abu Dhabi and the UAE. Each unit will feature solar powered water
we have witnessed this throughout 2021 with record heating systems, high solar reflectance materials
sales of Aldar properties on the island. Dahlias is to reduce heat absorption, efficient fixtures that
the final community at Yas Acres and our final sales reduce water consumption by more than 20%, and
launch of the year on Yas Island, so we expect the 120 LED light fixtures that reduce energy consumption.
homes to receive significant interest from investors Additionally, customers will be able to monitor their
and homeowners alike,” said Aldar Properties’ chief electricity and water consumption using smart
commercial officer Rashed Al Omaira. meters.”
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